Mcnally Bharat Engineering Company Limited has informed the Exchange regarding 'Disclosure by listed entities for defaults on payment of interest / repayment of principal amount on loans from banks / financial institutions and unlisted debt securities.'.
Awaiting price reaction for this filing.
Mcnally Bharat Engineering Company has filed a Nil disclosure for defaults on loans and unlisted debt securities as on 31 March 2026. The company states that all loans have been fully settled under an approved Resolution Plan, backed by an NCLT order dated 19 December 2023 and a further order dated 23 September 2025. However, No Dues Certificates from the banks/financial institutions are still pending, due to which the company's accounts continue to show as NPA in RBI records. The filing is being made as per SEBI's November 2019 circular requiring listed companies to disclose continued defaults beyond 30 days.
This is a routine compliance filing with no new default. For shareholders, the key positive is that debt resolution under NCLT is complete, but the pending No Dues Certificates and continued NPA status with RBI remain minor overhangs until formally cleared.