MBECLNSEMcnally Bharat Engineering Company Limited· EngineeringHighNeutral
Announced Wed, 12 Aug, 2026 · 20:51 IST
Q1 FY27 results filed; auditor change proposed; NCLT buyback dispute
Price reaction
Awaiting price reaction for this filing.
AI summary
McNally Bharat filed unaudited Q1 FY27 results. Auditors flagged NCLT ruling that Rs 3,000 Lakhs equity buyback under the Resolution Plan is mandatory; company plea was dismissed. Trade receivables and payables remain under reconciliation, pending arbitrations. Board proposed Singhi & Co. as new statutory auditors for 5 years, replacing V. Singhi & Associates.
Likely market impact
Pending Rs 30 crore buyback obligation and unresolved reconciliations are overhangs; auditor change is procedural.