G G Engineering Limited has informed BSE that it does not qualify as a Large Corporate under the recent SEBI regulations governing debt securities and compliance requirements. The disclosure was made in compliance with regulatory obligations outlined in SEBI's circular from October 2023.

Regulatory Compliance Disclosure

The company filed its compliance statement on April 3, 2026, addressing the requirements under SEBI Circular No. SEBI/HO/DDHS/DDHSPODI/P/CIR/2023/172 dated October 19, 2023. This circular specifically deals with fund raising by issuance of debt securities by large corporates and the associated disclosures and compliances thereof.

Company Statement

Director Atul Sharma, holding DIN 08290588, signed the disclosure confirming that G G Engineering Limited does not meet the applicability criteria mentioned in clause 1.2 of Chapter XII of the aforementioned SEBI circular. The statement was digitally signed and submitted to ensure compliance with regulatory requirements.

About the SEBI Circular

The SEBI circular in question establishes guidelines for entities identified as Large Corporates, particularly focusing on:

• Fund raising through debt securities issuance
• Mandatory disclosure requirements
• Compliance obligations for qualifying entities
• Specific criteria for Large Corporate classification

Company Information

GG Engineering Limited operates as an ISO 9001:2015 certified company with CIN L28900MH2006PLC159174. The company maintains its registered office in Mumbai, Maharashtra, and corporate office in New Delhi, with established communication channels for stakeholder engagement.

McNally Bharat Engineering Company Limited has announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, marking a significant milestone following the implementation of its approved resolution plan under the Corporate Insolvency Resolution Process (CIRP).

Financial Performance Overview

The company reported total income from operations of ₹2,491.61 lakhs for Q3FY26, comprising net sales of ₹2,481.40 lakhs and other operating income of ₹10.21 lakhs. However, the company recorded a net loss of ₹6,122.15 lakhs for the quarter before exceptional items.

Exceptional Gains from Resolution Plan

The most significant development was the recognition of exceptional gains totaling ₹3,91,813.42 lakhs during the nine-month period, resulting from the implementation of the resolution plan approved by the National Company Law Tribunal (NCLT).

Resolution Plan Implementation

The company successfully completed the implementation of its resolution plan with Mandal Vyapar Private Limited, the Special Purpose Vehicle nominated by BTL EPC Limited. The total payment obligation of ₹17,498.67 lakhs has been substantially fulfilled, with ₹17,236.39 lakhs paid in three tranches.

Capital Structure Reorganization

Following the resolution plan implementation, the company's share capital was restructured with 95% extinguishment of existing shares. The new capital structure allocates 90% ownership to Mandal Vyapar Private Limited, 5% to financial creditors, and 5% to existing shareholders.

Operational Highlights

The company's operational performance showed improvement in revenue generation, with cost of materials consumed at ₹264.72 lakhs and outsourcing expenses of ₹1,570.48 lakhs for the quarter. Employee benefit expenses stood at ₹613.14 lakhs.

Regulatory and Compliance Updates

McNally Bharat has resolved its Standard Operating Procedure (SOP) fines with both BSE and NSE, paying ₹11.69 lakhs to BSE and ₹16.36 lakhs to NSE. The company received in-principle listing approval from BSE and is awaiting similar approval from NSE.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 20, 2026, with statutory auditor V. Singhi & Associates providing limited review reports for both standalone and consolidated results.