McNally Bharat Engineering Company Ltd

AGM Details

• 63rd AGM held 25 September 2026 at 3:30 PM via VC/OAVM.
• Venue: Ecospace, New Town, Kolkata.

Resolutions Passed

• Resolution 1: adopt audited financial statements; passed.
• Resolution 2: re-appoint Poonam Singhania; passed.
• Resolution 3: appoint Singhi & Co as statutory auditors for five years; passed.
• Resolution 4: continuation of Mehar Chand Thakur as NED beyond 75; passed.
• Resolution 5: remuneration of Cost Auditor for 2026-27; passed.

Voting results

• Resolution 1 passed with overwhelming majority; ~99.99% in favor.
• Resolution 2 passed with overwhelming majority; ~99.99% in favor.
• Resolution 3 passed with overwhelming majority; ~99.99% in favor.
• Resolution 4 passed with overwhelming majority; ~99.99% in favor.
• Resolution 5 passed with overwhelming majority; ~99.99% in favor.

Directors

• Ms. Poonam Singhania reappointed as Director; liable to retire by rotation.
• Mehar Chand Thakur continued as Non-Executive Independent Director beyond 75 until Oct 2030.

Auditors

• Singhi & Co appointed as Statutory Auditors for five years; remuneration to be mutually agreed.

Resolutions

• Purpose: Special Resolution to alter Clause III MoA to include IT/ITES.
• Resolution: Special; add IT/ITES scope; renumber existing sub-clauses.
• Voting method: remote e-voting; Oct 15–Nov 13, 2026; results by Nov 17.
• Eligibility: Members on the cut-off date 9 Oct 2026 eligible to vote.
• Board recommendation: Approve; no related-party concerns disclosed.
• Material impact: expands business scope to IT/ITES, enabling software, BPO/KPO, cloud, AI.
• Regulatory actions: Board authorized to file Form MGT-14 and related disclosures.
• Outcome timing: results not yet declared; due by 17 Nov 2026.

AGM Details

• 25 Sep 2026, 3:30 PM IST via VC/OAVM; record date 18 Sep 2026.

Resolutions

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements.
• Resolution 2 (Ordinary): Reappoint Poonam Singhania by rotation.
• Resolution 3 (Ordinary): Appoint Singhi and Co. as Statutory Auditors.
• Resolution 4 (Special): Continue Mehar Chand Thakur as Independent Director after 75.
• Resolution 5 (Special): Approve remuneration of Cost Auditors for FY2027.

Voting Results

• Resolution 1: Passed; in favour ~99.99%, against ~0.01%.
• Resolution 2: Passed; in favour ~99.99%, against ~0.01%.
• Resolution 3: Passed; in favour ~99.99%, against ~0.01%.
• Resolution 4: Passed; in favour ~99.99%, against ~0.01%.
• Resolution 5: Passed; in favour ~99.99%, against ~0.01%.

Directors & Auditors

• Poonam Singhania reappointed by rotation.
• Mehar Chand Thakur to continue as Independent Director beyond age 75.
• Singhi and Co. appointed Statutory Auditors; Cost Auditors remuneration approved.

AGM details

• AGM held on 25 September 2026 at 3:30 PM IST via VC/OAVM; concluded 3:54 PM.
• 33 members attended; 13 represented by authorised representatives; all through VC/OAVM.

Key resolutions

• Ordinary: adoption of standalone and consolidated financial statements for FY2026.
• Ordinary: reappointment of Ms. Poonam Singhania by rotation.
• Ordinary: appointment of Singhi & Co. as Statutory Auditors.
• Special: continuation of Mr. Mehar Chand Thakur as NEDI post-75th birthday.
• Ordinary: remuneration of Cost Auditors for FY2027.

Voting results

• All items passed by requisite majority via remote and on-site voting.
• Results to be communicated to stock exchanges within 2 working days and posted on company/NSDL sites.

Director changes

• Reappointment of Ms. Poonam Singhania; continuation of Mr. Mehar Chand Thakur as NEDI.

Auditor appointments

• Appointment of Singhi & Co. as Statutory Auditors for the company.

Filing & Board Update

• Unaudited Standalone and Consolidated Q1 2026 results approved by the board.
• Board approval dated 12 August 2026 for results.

Auditors & Governance

• Singhi & Co appointed as statutory auditors for five years (2026–2031).
• Appointment subject to Members' approval at the ensuing AGM.
• 63rd AGM notice convened for 25 September 2026.

Financial snapshot

• Total income (consolidated) 7,466.17 Rs Lakhs.
• Revenue from operations (consolidated) 7,351.06 Rs Lakhs.
• Consolidated PAT attributable to owners: 344,955.18 Rs Lakhs.
• Basic EPS: 1,034.87 Rs.

Capital restructuring & ownership

• Resolution Plan: MVPL 90%, Financial Creditors 5%, Public 5%.
• Equity restructuring: 3,16,66,667 new shares to MVPL; 16,66,667 to financial creditors; 16,66,667 to others.
• Total post-restructure shares: 3,33,33,334.
• MVPL holds 90% post-restructure.

Governance & board

• Board strength seven as of 31 Mar 2026; six independent, one non-independent.
• CEO transition: Mathur until 17 Jul 2026; Adukia appointed 27 Jul 2026.
• Statutory auditors: Singhi & Co appointed; prior V. Singhi & Associates.
• Adverse opinion on internal financial controls (standalone and consolidated).

Outlook & strategy

• Outlook: disciplined rebuilding; selective project participation.
• Emerging EPC sectors: data centres, BESS, green hydrogen, decarbonisation; selective evaluation.
• New O&M wins: Adani Raipur CHP and Adani Kurmitar; mobilization dates.

Liquidity & cash flows

• Cash and cash equivalents: 372.11 Rs Lakhs (year-end).
• Net cash from operations: 4,239.84 Rs Lakhs.
• Net cash from financing: (5,758.24) Rs Lakhs.

Dividends & shareholder matters

• No dividend declared for FY2025-26.
• 5% public shareholding placed in escrow; phased listing underway.

Audit flags & risk

• Auditors flag material weaknesses in internal financial controls.
• SOP fines paid; waivers granted; compliance evolution ongoing.