The Exchange had sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI -2. Financial results not signed by authorized signatory/ies The response of the Company is enclosed.
Awaiting price reaction for this filing.
Mcnally Bharat Engineering Company has responded to clarifications sought by NSE on its audited financial results for the quarter and year ended 31 March 2025. The exchange had flagged two issues: the results were signed by a director instead of an authorized signatory, and the results were not in the SEBI-prescribed format because joint ventures were excluded. The company clarified that the Chairman, Mr. Partha Sarathi Bhattacharyya, was authorized by a board resolution dated 22 May 2025 to sign the results, making it valid. On joint ventures, the company stated that the carrying value of its investment in joint ventures in the standalone financials is NIL, so it was not consolidated. Both the Company Secretary and CFO have signed the clarification letter dated 24 June 2025.
This is a procedural compliance clarification and not a substantive financial event. No new financial numbers are disclosed, so there is no direct impact on shareholders or the stock price, though it indicates ongoing regulatory scrutiny of the company's filings.