MEP Infrastructure Developers Limited
Incorporated in 2002, MEP Infra Developers Ltd is in the business of collection of toll and construction of roads along with other ancillary activities viz. road repairs and maintenance of flyovers, roads and allied structures
What MEP files
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The company has entered Corporate Insolvency Resolution Process, with a Resolution Professional appointed. SEBI halted the company's planned sale of material subsidiaries, noting shareholders rejected the resolutions. This follows several disclosure delays and operational issues due to liquidity problems.
MEP Infrastructure, undergoing insolvency, has submitted the Committee of Creditors-approved Resolution Plan to NCLT for its final approval. This marks a critical step in the company's resolution process. The NCLT's order is awaited.
For the financial year ended 31st March 2024, MEP Infrastructure Developers Limited reported a total income of ₹6,055.34 crore, representing a decrease compared to ₹7,214.50 crore in the previous year. The decline can be attributed to reduced construction activities and revenue realization from projects due to ongoing disputes and regulatory...
**Financial Highlights:** MEP Infrastructure Developers Limited reported a total income of ₹6,055.34 Cr for the financial year ending March 31, 2024, a decrease from ₹7,214.50 Cr in the previous fiscal year. The company's expenses stood at ₹75,811.71 Cr, leading to a substantial net loss of ₹75,730.20 Cr, compared to a...
The audited financial results for the year ending 31st March 2024 reveal significant challenges for MEP Infrastructure Developers Limited. For the fiscal year, the company reported total income of ₹6,055.34 Cr, down from ₹7,214.50 Cr the previous year. The total expenses amount to ₹75,811.71 Cr, leading to a net loss...