Based on the modified Moore–Gibson–Thompson (MGT) model, transversely isotropic visco-thermoelastic material is investigated for frequency shift and thermoelastic damping. The Green–Naghdi (GN) III theory of thermoelasticity with two temperatures is used to express the equations that govern heat conduction in deformable bodies based on the difference between conductive and dynamic temperature acceleration. A mathematical model for a simply supported scale beam is formed in a closed form using Euler Bernoulli (EB) beam theory. We have figured out the lateral deflection, conductive temperature, frequency shift, and thermoelastic damping. To calculate the numerical values of various physical quantities, a MATLAB program has been developed. Graphical representations of the memory-dependent derivative’s influence have been made.