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Incorporated in 1961, McNally BharatEngineering Company Ltd is engagedin diversified construction activities,primarily execution of Turnkey Projects
McNally Bharat received trading approval for 3.33 Cr new equity shares (Rs. 10 FV) issued under its restructuring plan. This boosts paid-up capital from Rs. 17.22 Cr to Rs. 33.33 Cr. These shares will be admitted for trading in the T group.
McNally Bharat Engineering was fined Rs 47,200 by BSE & NSE for delayed Q3 financial results filing. This regulatory non-compliance has a minor financial impact.
NCLT granted BTL EPC Ltd. an extension for balance resolution plan payments. The SRA faces a Rs. 1 Cr fine for delay. Contempt actions and petitions to rerun insolvency proceedings were disposed of, keeping the resolution on course.
McNally Bharat Engineering incurred Rs. 1,073,800 in fines from BSE & NSE for failing to appoint a woman director, citing a governance lapse. This has a direct financial impact on the company.