Mcnally Bharat Engineering Company Limited — Board Meeting, 22-05-2025: Outcome of Board Meeting

McNally Bharat Engineering posted a sharp consolidated net loss of ₹1,71,611 lakhs for FY25 against revenues of ₹10,502 lakhs. The company remains under insolvency resolution, with Mandal Vyapar Private Limited now controlling 90% equity after a 95% capital cut and fresh equity infusion of ₹3,333 Cr by the Successful Resolution Applicant. Initial payments under the resolution plan have been made, but delays in further funding persist, with an extension request filed. Significant provisions for doubtful debts highlight ongoing recovery challenges, and the company’s future hinges on full plan execution.