Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with Para ....
Awaiting price reaction for this filing.
McNally Bharat Engineering Company has received an order dated 14 January 2026 from the Regional Provident Fund Commissioner-I, Ranchi, directing recovery of PF dues and damages under Section 7Q read with Section 8F of the Employees Provident Funds & Miscellaneous Provisions Act, 1952. The demand relates to the company's establishment at Kumardhubi, Dhanbad and amounts to approximately Rs 3.96 crore (Rs 3,95,51,696) for the period from 17 February 2024. The company has stated the financial impact is not material beyond this amount. The earlier demand notice is already being contested before the Central Government Industrial Tribunal (CGIT), Dhanbad, and a writ petition has been filed at the appropriate forum.
Shareholders should note a contingent liability of around Rs 3.96 crore towards EPF dues, though the company says the impact is not material. The matter is under legal challenge, so the final financial outcome remains uncertain and may take time to resolve.