McNally Bharat Engineering Company Limited has scheduled its 63rd Annual General Meeting (AGM) for September 25, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI regulations.

The company issued the notice on September 3, 2026, disclosing that members can participate remotely. National Securities Depository Limited (NSDL) will facilitate the VC facility and e-voting process.

Meeting Details

Shareholders holding shares in physical form who have not registered email addresses must submit a signed request letter, self-attested PAN card, and address proof to receive login details. The Annual Report for FY26 will be sent electronically to registered members.

McNally Bharat Engineering Company Limited received final trading permission for 3,33,33,334 equity shares issued pursuant to its National Company Law Tribunal-approved Resolution Plan. The shares will begin trading on the BSE and NSE from September 1, 2026.

The issuance follows the extinguishment of the erstwhile promoters' shareholding and a capital reduction that leaves existing public shareholders with a 5% stake in the restructured entity. The new capital structure comprises shares allotted to the Successful Resolution Applicant (SRA) and public shareholders.

Share Allocation Details

The total issued, subscribed, and paid-up share capital has increased to ₹33,33,33,340, divided into 3,33,33,334 equity shares of face value ₹10 each. This replaces the previous capital of ₹17,21,51,750 divided into 1,72,15,175 shares.

Lock-in Periods

Trading will occur in the T Group segment. Lock-in periods vary by share category:

• Nil lock-in: Applies to 10,000 shares (distinctive numbers 1–10,000) and 16,28,539 shares (distinctive numbers 38,129–16,66,667).
• Until March 30, 2027: Applies to 28,128 shares (distinctive numbers 10,001–38,128).
• Until August 29, 2027: Applies to 16,66,667 public preferential shares and 3,00,00,000 SRA preferential shares.

Regulatory Compliance

The company filed this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Resolution Plan was approved by the Kolkata bench of the NCLT via orders dated December 19, 2023, and December 3, 2024.

What the Numbers Show

The restructuring results in a significant dilution of pre-existing public equity. While the absolute number of shares held by public shareholders remains numerically similar due to the fresh preferential allotment of 16,66,667 shares, their proportional ownership is capped at 5%. The SRA holds the remaining 95% stake through its preferential allotment of 3 crore shares, establishing complete control over the corporate debtor's equity structure.