Modern Engineering and Projects Ltd

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulation) we hereby inform you that the Company on yesterday i.e. January 13 2025 entered into facility agreement and Indenture of Mortgage with ICICI Bank Limited for availing loan upto Rs. 18 Crores in one or more tranches for the purpose of acquiring office premises.The aforesaid loan facility to be availed by the company will be secured against office premises of the company i.e. office no. 401 to 405 on 4th Floor Building Know as Karamvir Sky City including 5 Automated car Parking Space Situated at Andheri Mumbai.