McNally Bharat Engineering Company Limited

Trading Approval Details

  • Approval Date: 28th August 2026
  • Exchanges: BSE Limited (Letter No. 20260828-28) and National Stock Exchange of India Limited (Letter No. NSE/LIST/C/2026/0973)
  • Effective Trading Date: September 1, 2026
  • Trading Segment: T Group
  • Trading Settlement: Trade-to-Trade segment (continuing from Exchange Notice No. 20230210-55 dated February 10, 2023)
  • Special Pre-open Session: The scrip will be part of special pre-open session for IPO and Other category as per SEBI Circular Nos. CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012 dated January 20, 2012

Security Details

  • Total Shares Approved: 33,333,334 equity shares of ₹10 each
  • Distinctive Numbers: 1 to 33333334
  • Market Lot: 1 share
  • Face Value: ₹10 fully paid-up

Resolution Plan Implementation

The resolution plan was approved by the Hon'ble NCLT, Kolkata Bench vide:

  • Order dated 19th December 2023
  • Further Order dated 3rd December 2024
  • Additional Order dated 23rd September 2025 (mentioned in NSE letter)

Key provisions of the resolution plan:

  • Entire shareholding of erstwhile promoters extinguished
  • Public shareholders' balance reduced to constitute 5% post-issuance
  • New equity shares issued through:
  • Capital reduction: 1,666,667 shares
  • Preferential allotment to public shareholders: 1,666,667 shares
  • Preferential allotment to Successful Resolution Applicant (SRA): 30,000,000 shares

Capital Structure Change

  • Pre-resolution capital: ₹17,21,51,750 divided into 17,215,175 equity shares of ₹10 each
  • Post-resolution capital: ₹33,33,33,340 divided into 33,333,334 equity shares of ₹10 each
  • Capital increase: ₹16,11,81,590 (approximately 92% increase)

Record Date

The company had fixed February 21, 2025 as record date for giving effect to the resolution plan (as per Exchange Notice No. 20250219-13 dated February 19, 2025).

Lock-in Provisions

Detailed lock-in periods for specific share blocks:

| Number of Shares | Distinctive Numbers | Lock-in Until |

| 10,000 | 1 to 10000 | Nil (No lock-in) |

| 28,128 | 10001 to 38128 | 30th March 2027 |

| 1,628,539 | 38129 to 1666667 | Nil (No lock-in) |

| 1,666,667 | 1666668 to 3333334 | 29th August 2027 |

| 30,000,000 | 3333335 to 33333334 | 29th August 2027 |

Dematerialization Status

Equity shares allotted in dematerialized mode have been credited under temporary ISIN in accordance with SEBI circular no. CIR/MRD/DP/21/2012 dated August 02, 2012 regarding activation of ISIN for additional share issues.

Compliance Requirements

The company is required to submit all future reports, statements, and filings under SEBI Regulations through NSE Electronic Application Processing System (NEAPS) at https://neaps.nseindia.com/NEWLISTINGCORP/.