MBECLNSEMcnally Bharat Engineering Company Limited· EngineeringHighNegative
Announced Tue, 7 Oct, 2025 · 13:03 IST
Bank loans and unlisted debt fully in default
Price reaction
Awaiting price reaction for this filing.
AI summary
As of September 30, 2025, Rs 1,958.74 crore of bank loans and revolving facilities was outstanding and fully in default. Rs 54.51 crore of unlisted debt securities was also fully in default. Total financial debt was Rs 2,013.25 crore, excluding Rs 3,272.53 crore of interest provision recognized through June 2025. The defaults are subject to a resolution plan approved by the National Company Law Tribunal, Kolkata, on December 3, 2024.
Likely market impact
Signals severe financial distress and high downside risk. The approved resolution plan could shape recovery prospects and potential equity changes.