Mcnally Bharat Engineering Company Limited — Dividend/Bonus, 21-12-2024: Record Date

McNally Bharat Engineering Company has fixed January 3, 2025, as the Record Date for determining equity shareholders' eligibility for a capital payment of INR 21,00,000, as part of an approved Resolution Plan. This action will result in the complete extinguishment and cancellation of all equity shares held by the erstwhile promoters. Following this, the existing equity shareholding of the public shareholders will be reduced, allowing them to constitute only 5% of the restructured issued and paid-up capital. This reorganization is part of the company's Corporate Insolvency Resolution Process.