McNally Bharat Engineering Company Limited Financial Results Clarification
McNally Bharat Engineering Company Limited submitted a formal clarification to the National Stock Exchange of India Limited regarding observations made about their financial results submission for the quarter and year ended March 31, 2026.
Date and Nature of Query
Date of Communication: July 9, 2026 (response to NSE email dated July 8, 2026)
Query Source: National Stock Exchange of India Limited, NEAPS system
Subject: Clarification regarding Outcome of Board Meeting-Financial Results submitted on May 28, 2026
Company's Clarification on Observations
The company addressed two specific observations from the NSE:
Observation 1: Financial results not signed by authorized signatory - Signed by director
- Clarification: The financial results for quarter and year ended March 31, 2026 were properly signed by Mr. Partha Sarathi Bhattacharyya (DIN: 00329479), Chairman of the Board
- Authorization: The signing was duly authorized by the Board of Directors through a resolution dated May 28, 2026
- Evidence: Certified true copy of the board resolution was enclosed as Annexure A
Observation 2: Company has not submitted declaration in case of unmodified opinion(s)
- Clarification: Due to technical glitches, the Declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015 could not be merged with the PDF file uploaded on May 28, 2026
- Submission Status: The declaration was duly submitted in the XBRL file uploaded on the same date (May 28, 2026)
- Documentation: Copy of the declaration was provided as Annexure B
Regulatory Compliance Details
The clarification specifically references compliance with SEBI regulations:
- Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Regulation 33(3)(d) regarding declaration of unmodified audit opinion
Financial Results Clarification
The company confirmed that:
- Auditor: M/s V. Singhi & Associates, Chartered Accountants (Firm Registration No. 311017E) served as statutory auditors
- Audit Opinion: Unmodified opinion was issued on both Standalone Financial Results and Consolidated Financial Results for financial year ended March 31, 2026
- Declaration Content: The missing declaration stated that the statutory auditors issued an audit report with unmodified opinion on both standalone and consolidated financial results
Supporting Documentation
The response included several enclosures:
- Annexure A: Certified true copy of relevant extracts from minutes of Board of Directors meeting held on May 28, 2026
- Annexure B: Copy of the Declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015
Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, SEBI LODR Regulations, Audit Opinion Declaration