McNally Bharat Discloses Nil Loan Defaults Post-NCLT

Date: July 3, 2026

Default Disclosure Summary

McNally Bharat Engineering Company Limited has made a disclosure pursuant to SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019 regarding defaults on loans and debt securities.

Financial Indebtedness Status as on June 30, 2026

• Loans/Revolving Facilities like Cash Credit from Banks/Financial Institutions:
• Total Amount Outstanding: Nil
• Amount of Default: Nil

• Unlisted debt securities (NCD/NCRPS):
• Total Amount Outstanding: Nil
• Amount of Default: Nil

• Total Financial Indebtedness (including short term and long term debt): Nil

Important Contextual Note

The disclosure includes a critical note stating that all loans have been fully settled as per the approved Resolution Plan under NCLT Order dated December 19, 2023, read with further Order dated September 23, 2025 (pronounced on October 17, 2025).

However, the Company has not yet received No Dues Certificates from the concerned Banks/Financial Institutions. Pending receipt of these certificates, the Company's accounts continue to appear as Non-Performing Assets (NPA) in RBI records.