Disclosure Context
Postal Ballot Process
The company dispatched the Postal Ballot Notice on 13th October 2026 to members whose names appeared on the Register of Members/List of Beneficial Owners as on the cut-off date of Friday, 9th October 2026.
Remote e-voting schedule:
- Commencement: Thursday, 15th October 2026 at 10:00 AM (IST)
- Conclusion: Friday, 13th November 2026 at 5:00 PM (IST)
The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities. Mr. Prakash Kumar Shaw, Practicing Company Secretary (ACS – 32895 / CP – 16239), Kolkata, has been appointed as the Scrutinizer for the process.
Results will be declared at or before 5:00 PM (IST) on Tuesday, 17th November 2026, and will be available on the company's website (www.mcnallybharat.com) under the Investors section, as well as forwarded to the stock exchanges and displayed on NSDL's website (www.evoting.nsdl.com).
Resolution Details
Item No. 1: Alteration of Objects Clause (Clause III) of Memorandum of Association
The Board of Directors at its meeting held on October 05, 2026, approved a special resolution to alter the company's Memorandum of Association to include Information Technology/Information Technology Enabled Services (IT/ITES) business.
The proposed alteration involves inserting a new sub-clause (23) to Clause III (Objects Clause) with the following business activities:
- Software design, development, testing, implementation and maintenance
- Development and sale/licensing of software products and applications
- Systems integration and IT infrastructure management
- Business process outsourcing (BPO) and knowledge process outsourcing (KPO) services
- IT consultancy and advisory services
- Data processing, data analytics, cloud computing and cyber security services
- Digital transformation and allied technology services including artificial intelligence
- Research and development in relation to any of the foregoing
Consequential renumbering of existing sub-clauses (23) and (24) to (24) and (25) respectively.
Explanatory Statement
The company is currently engaged in coal and mineral handling plants, material handling systems, and allied engineering activities as per its existing MoA. The diversification into IT/ITES is intended to widen the company's business scope and explore emerging opportunities in the technology sector.
The alteration requires member approval via special resolution under Section 13 of the Companies Act, 2013. The altered MoA is available for inspection at the Registered Office (Ecospace Campus 2B 11F/12 New Town Rajarhat, North 24 Parganas, Kolkata-700160) on working days between 10:00 AM and 6:00 PM.
No directors, key managerial personnel, or their relatives have any financial interest in this resolution beyond their shareholding, if any.
The Board recommends approval of the special resolution.
Voting Instructions
Members can vote electronically through NSDL's e-voting system using various login methods depending on their shareholding type (demat with NSDL, demat with CDSL, or physical shares). Detailed voting instructions and helpdesk contacts are provided for technical assistance.
Institutional shareholders must submit scanned copies of Board Resolutions/Authority letters to the Scrutinizer at csprakashshaw@gmail.com with copy to evoting@nsdl.com.