Annual Report 2024-25
Awaiting price reaction for this filing.
McNally Bharat Engineering Company has dispatched its Annual Report for FY 2024-25 to shareholders and uploaded it on its website, in compliance with SEBI LODR Regulation 34(1). The 62nd Annual General Meeting has been scheduled for Thursday, 25th September 2025 at 3:30 PM IST via video conferencing (VC/OAVM). Key items on the AGM agenda include adopting the audited standalone and consolidated financial statements, approving the appointment of four Independent Directors (Mr. Partha Sarathi Bhattacharyya, Mr. Pradip Kumar Bishnoi, Mr. Anil Kumar Jha, and Ms. Anuradha Gupta) who joined the board in January–February 2025, shifting the registered office from 4 Mangoe Lane to the Ecospace Campus in Rajarhat, and appointing secretarial auditors for five years (FY 2025-26 to 2029-30). The company also continues to operate under a Monitoring Committee chaired by Mr. Ravi Sethia as Resolution Professional, suggesting it remains in a post-insolvency stabilization phase. No dividends have been declared by the company since FY 2012-13.
This is a routine annual compliance filing and is unlikely to move the stock on its own. However, shareholders should note the new board appointments, the proposed registered office shift, and the fact that the company continues to operate under a Monitoring Committee with no dividend track record, which signals it is still in a recovery/turnaround phase.