The Exchange had sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 30-Sep-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 not signed by authorized signatory/ies -2. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
Awaiting price reaction for this filing.
NSE had raised two queries on Mcnally Bharat's Q2 FY26 (quarter ended 30-Sep-2025) results: (1) results not signed by an authorized signatory, and (2) standalone and consolidated P&L figures appearing identical. The company clarified that the results were signed by Chairman Partha Sarathi Bhattacharyya (DIN 00329479), authorized by a board resolution dated 13-Nov-2025, and submitted a corrected version showing that standalone and consolidated figures are indeed different. The enclosed results show a pre-exceptional loss of Rs. 10,796 lakhs for the quarter and Rs. 33,822 lakhs for H1 FY26, but a reported profit of Rs. 3,81,017 lakhs after a one-time exceptional gain of Rs. 3,91,813 lakhs. The borrowings collapsed from Rs. 3,09,423 lakhs to Rs. 9,086 lakhs and reserves swung from a negative Rs. 5,92,560 lakhs to a positive Rs. 66,589 lakhs, reflecting implementation of the company's approved resolution plan. Annexure details show a resolution plan payout of Rs. 15,500 lakhs plus CIRP costs of Rs. 401 lakhs and PF dues of Rs. 330 lakhs.
This is a procedural clarification, not a penalty, so no immediate negative regulatory action. However, the underlying numbers confirm the IBC resolution plan has been implemented, wiping out old debt and liabilities. While the balance sheet looks far healthier, core operations remain loss-making, and shareholders received only Rs. 21.16 lakhs in the resolution payout, signaling limited near-term value recovery for equity holders.