Key Quantitative Figures (Standalone, Rs. Lakhs)

  • Revenue from Operations (Q1 FY27): Rs 1,505.17
  • Net Sales/Income from Operations: Rs 1,502.94
  • Other Operating Income: Rs 2.23
  • Other Income (Q1 FY27): Rs 15.71
  • Total Expenses (Q1 FY27): Rs 2,529.94
  • Cost of Materials Consumed: Rs 223.20
  • Outsourcing Expenses: Rs 1,016.32
  • Employee Benefits Expense: Rs 540.00
  • Finance Costs: Rs 322.76
  • Depreciation: Rs 40.73
  • Other Expenses: Rs 386.93
  • Loss Before Tax & Exceptional Item (Q1 FY27): Rs (1,009.06)
  • Exceptional Expense (Q1 FY27): Rs (1,518.00)
  • Loss Before Tax (Q1 FY27): Rs (2,527.06)
  • Tax Expense: Nil for the current quarter
  • Net Loss for the period (Q1 FY27): Rs (2,527.06)
  • Other Comprehensive Loss (Q1 FY27): Rs (16.50)
  • Total Comprehensive Loss (Q1 FY27): Rs (2,543.56)
  • Paid-up Equity Share Capital: Rs 3,333.33 (Face value Rs.10 each)
  • Other Equity (as of 31st Mar 2026): Rs 53,736.11
  • Basic & Diluted EPS (Q1 FY27): Rs (7.58)

Key Quantitative Figures (Consolidated, Rs. Lakhs)

The consolidated results are largely in line with the standalone figures. Key consolidated-specific details:

  • Net Loss attributable to owners (Q1 FY27): Rs (2,527.34)
  • Other Equity (as of 31st Mar 2026): Rs 53,745.23
  • Basic & Diluted EPS (Q1 FY27): Rs (7.58)

Dates of Action

  • Board Meeting: 12th August 2026 (5:00 PM to 8:45 PM)
  • Period Ended: 30th June 2026 (Q1 FY27)
  • 63rd AGM Date: Friday, 25th September 2026 (to be held via VC/OAVM)
  • Register of Members Closure: 19th September 2026 to 21st September 2026 (both days inclusive)
  • NCLT Order (Buyback): 10th June 2026 (IA (I.B.C.) No. 294/KB/2026)
  • NCLT Order (Preferential Transaction): 12th June 2026 (I.A. (IB) No. 342/KB/2023)

Parties Involved

  • Statutory Auditors (Retiring): V. Singhi & Associates, Chartered Accountants
  • Statutory Auditors (Proposed): M/s. Singhi & Co., Chartered Accountants (Firm Reg. No. 302049E)
  • Successful Resolution Applicant (SRA): M/s BTL EPC Limited
  • Regulators: SEBI, NCLT Kolkata Bench, BSE, NSE, EPFO
  • JV Entities (in NCLT matter): McNally-Trolex JV, McNally-AML JV, McNally-Trolex-Kilburn JV

Purpose / Rationale

The disclosure is a mandatory submission of quarterly financial results and other material board decisions to the stock exchanges.

Financial & Operational Impact

  • Exceptional Item: A provision of Rs 1,518.00 Lakhs was recognized as an exceptional expense following an NCLT order dated 12th June 2026. The order directed three Joint Venture entities to refund this amount (part of a larger Rs 4,149.09 Lakhs adjustment) as it was deemed a preferential transaction. Interest on this amount at 9% p.a. is applicable but not provided for yet.
  • Ongoing Losses: The company continues to report operational losses.
  • Pending Trading Approval: Applications for trading permission for shares are pending with BSE (filed 2nd July 2026) and NSE (filed 3rd July 2026).

Capital Structure Impact

  • Share Buyback Obligation: The NCLT order dated 10th June 2026 affirmed that the SRA must buy back 5% of equity shares from Financial Creditors for a total consideration of Rs 3,000 Lakhs, plus interest from the original due date of 17th February 2026. This obligation is mandatory for the Resolution Plan to be considered fully implemented. The company has initiated the process by sending offer letters to creditors.
  • Paid-up Capital: Remains unchanged at Rs 3,333.33 Lakhs.

Cash Flow Implications

  • EPFO Demand: A contingent demand of Rs 960.33 Lakhs (Rs 564.81 Lakhs damages + Rs 395.52 Lakhs interest) from EPFO exists. However, recovery is currently stayed by the Jharkhand High Court order dated 22nd January 2026. The company had previously paid Rs 6,368.95 Lakhs to EPFO.
  • SOP Fines Paid: The company paid SOP fines of Rs 11.69 Lakhs to BSE and Rs 16.37 Lakhs to NSE to secure listing approvals.
  • Escrow Account: Rs 228.04 Lakhs lies unpaid in an escrow account controlled by the erstwhile Resolution Professional for settling Resolution Plan liabilities. This amount is not reflected in the financial results.

Other Material Disclosures

  • Asset Confirmation: Trade receivables, payables, and other balances are subject to confirmation and reconciliation with parties and the outcome of pending arbitrations/claims.
  • Auditor Change: The board recommended appointing M/s. Singhi & Co. as statutory auditors for a 5-year term from the conclusion of the 63rd AGM until the 68th AGM, subject to shareholder approval.
  • Subsidiaries & JVs: The consolidated results include McNally Bharat Equipments Limited. They exclude several foreign subsidiaries and joint ventures (MBE Mineral Technologies Pte Ltd, MBE Minerals Zambia Ltd, EMC MBE Contracting Company LLC, etc.), whose investments have been written off as they were fully impaired and not part of the Resolution Plan.
  • Deferred Tax Assets: Recognition of Deferred Tax Assets amounting to Rs 51,706.60 Lakhs has been continued based on management's expectation of future profitability.

Forward-Looking Guidance

No explicit forward-looking guidance or management commentary was provided in the document.