Mcnally Bharat Engineering Company Limited — Board Meeting, 22-02-2025: Outcome of Board Meeting

The Board has approved the allotment of 3,00,00,000 equity shares to Mandal Vyapaar Private Limited, amounting to ₹30 Cr, and 16,66,667 equity shares to financial creditors, totaling ₹1.67 Cr. This decision follows the Resolution Plan sanctioned by the Hon'ble NCLT. The board meeting focused on these key financial resolutions, marking a significant step in the company's restructuring efforts.