McNally Bharat Engineering CEO resigns effective July 18

1 min read Updated on 18 Jul 2026, 06:21 PM

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Jubin VScanX News Team

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Rajendra Mohan Mathur resigned as CEO of McNally Bharat Engineering Company Limited on July 18, 2026, due to personal reasons. He ceased to be Key Managerial Personnel under the Companies Act 2013. The company is currently appointing a new CEO.

*this image is generated using AI for illustrative purposes only.

McNally Bharat Engineering Company Limited announced the resignation of its Chief Executive Officer, Rajendra Mohan Mathur, effective from the close of business hours on July 18, 2026. The executive stepped down due to personal reasons, marking a significant change in the company's leadership structure. Mathur also ceased to be Key Managerial Personnel under Section 203 of the Companies Act 2013 with effect from the cessation of his office.

The company disclosed the information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was formally communicated to the National Stock Exchange of India Limited and BSE Limited. McNally Bharat Engineering Company Limited confirmed that there were no other material reasons for the resignation beyond those stated in the letter.

Particulars	Description
Reason for Change	Resignation due to personal reasons
Date of Cessation	Close of business hours of July 18, 2026
Brief Profile	Not Applicable
Disclosure of relationship	Not Applicable

McNally Bharat Engineering Company Limited stated that it is in the process of appointing a new Chief Executive Officer. The company will communicate the new appointment to the stock exchanges in due course. The notice has been uploaded on the company’s official website.

Who is the leading internal candidate to replace Rajendra Mohan Mathur, or will the company conduct an external search?

How will the leadership transition impact McNally Bharat's ongoing projects and strategic initiatives?

What timeline does the company expect to announce the new CEO, and will an interim appointment be made in the meantime?

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McNally Bharat Engineering closes trading window for Q1FY27

0 min read Updated on 23 Jun 2026, 04:13 AM

Reviewed by

Anirudha BScanX News Team

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McNally Bharat Engineering Company Limited closed its trading window for Directors, Auditors, and Designated Persons on July 1, 2026. The window will reopen 48 hours after the unaudited financial results for the quarter ending June 30, 2026, are declared. The Board Meeting date will be intimated later.

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McNally Bharat Engineering Company Limited has closed its trading window for all Directors, Auditors, and Designated Persons effective July 1, 2026. This measure is intended to prevent insider trading ahead of the company's upcoming financial announcement. The restriction will remain in force until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026.

The closure is in accordance with the Company's Code of Conduct for Prevention of Insider Trading and relevant circulars issued by stock exchanges. The company stated that the specific date for the Board Meeting to consider and approve the financial results will be intimated in due course.