McNally Bharat Engineering Reconstitutes Board Committees Under SEBI Regulations

McNally Bharat Engineering Company Limited has announced significant changes in the composition of its Board Committees, effective April 2, 2026. The engineering company, which operates under CIN L45202WB1961PLC025181, communicated these changes to both the National Stock Exchange of India Limited and BSE Limited in compliance with regulatory requirements.

Board Resolution and Regulatory Compliance

The Board of Directors approved the reconstitution of committees through a circular resolution passed on April 2, 2026 at 12.02 P.M. IST. This action was taken pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events and information.

Stakeholders Relationship Committee

The newly constituted Stakeholders Relationship Committee reflects a balanced composition of independent and non-executive directors:

Position:	Name	Category
Chairman:	Ms. Anuradha Gupta	Independent Director
Member:	Ms. Poonam Sighania	Non-executive Non Independent Director
Member:	Mr. Mehar Chand Thakur	Independent Director

Risk Management Committee

The Risk Management Committee has been structured to include both independent directors and executive leadership:

Position:	Name	Category
Chairman:	Mr. Anil Kumar Jha	Independent Director
Member:	Mr. Debidas Datta	Independent Director
Member:	Ms. Anuradha Gupta	Independent Director
Member:	Mr. Rajendra Mathur	Chief Executive Officer

Corporate Governance Framework

McNally Bharat Engineering Company Limited, an ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified company, maintains its registered office at Ecospace Campus 2B 11F/12, New Town Rajarhat North 24 Parganas Kolkata-700160. The company has made this information available on its official website www.mcnallybharat.com as part of its transparency and disclosure practices.

The committee reconstitution demonstrates the company's commitment to maintaining robust corporate governance structures and ensuring compliance with regulatory frameworks governing listed entities in India.

McNally Bharat Engineering Company Limited has received regulatory penalties from both major Indian stock exchanges for failing to submit its quarterly financial results within the prescribed timeline. The company disclosed these fines in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Regulatory Penalties Imposed

Both BSE Limited and The National Stock Exchange of India Limited imposed identical fines on McNally Bharat Engineering Company Limited for delayed submission of financial results. The penalties were levied under SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, which outlines penal actions for non-compliance.

Exchange:	Fine Amount	Notification Date
BSE Limited	Rs. 23,600 (including GST)	17th March 2026
NSE Limited	Rs. 23,600 (including GST)	18th March 2026

Nature of Violation

The fines were imposed for non-compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015, specifically for the delayed submission of financial results for the period ended 31st December 2025. This regulation mandates listed companies to submit their quarterly and annual financial results within specified timeframes to ensure transparency and timely disclosure to investors.

Financial Impact

The company acknowledged that the Standard Operating Procedure (SOP) fines levied by both exchanges will have a financial impact on McNally Bharat Engineering Company Limited. The total penalty amount across both exchanges stands at Rs. 47,200, representing the cost of regulatory non-compliance.

Compliance Disclosure

McNally Bharat Engineering Company Limited has fulfilled its disclosure obligations by informing both stock exchanges about the penalties received. The company has also uploaded this disclosure on its official website at www.mcnallybharat.com , ensuring transparency with stakeholders and regulatory authorities. The disclosure was signed by Company Secretary Indrani Ray on 18th March 2026.