McNally Bharat Engineering Company Limited has disclosed to stock exchanges that Income Tax authorities conducted search and seizure operations at its registered office on February 10, 2026. The company made this disclosure in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Details of the Investigation

The search and seizure operations were conducted pursuant to a Warrant of authorization in prescribed Form no 45, issued under Section 132 of the Income Tax Act 1961 and Rule 112. The authorization came from the office of ADIT (Investigations), Kolkata.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015. McNally Bharat Engineering has committed to keeping stock exchanges informed of any material updates arising from this investigation in accordance with regulatory requirements.

Company Information

McNally Bharat Engineering Company Limited operates from its registered office at Ecospace Campus 2B 11F/12, New Town Rajarhat North 24 Parganas, Kolkata-700160. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and trades on stock exchanges under the scrip code 532629 (BSE) and symbol MBECL (NSE).

The disclosure was signed by Company Secretary Indrani Ray and submitted to both the National Stock Exchange of India Limited and BSE Limited on the same day as the search operations.

Standard Engineering Tech has announced strong third-quarter financial results, demonstrating robust performance across both revenue and profitability metrics. The company's consolidated financial performance for Q3 shows significant year-on-year improvements, reflecting effective operational management and market execution.

Financial Performance Overview

The company's Q3 results highlight substantial growth in key financial parameters. Standard Engineering Tech achieved consolidated net profit of 192 million rupees during the quarter, marking a notable increase from the 150 million rupees recorded in the corresponding period of the previous fiscal year.

Revenue Growth Analysis

The revenue performance during Q3 demonstrates the company's strong market position and operational capabilities. Standard Engineering Tech generated total revenue of 1.92 billion rupees in Q3, compared to 1.4 billion rupees in the same quarter of the previous year. This represents substantial top-line growth, indicating increased business activity and market demand for the company's products and services.

Profitability Trends

The consolidated net profit growth of 28.00% year-on-year reflects the company's ability to effectively manage costs while scaling operations. The profit increase from 150 million rupees to 192 million rupees demonstrates improved operational efficiency and successful business execution during the quarter.

Business Performance Assessment

Standard Engineering Tech's Q3 results showcase the company's financial strength and operational effectiveness. The simultaneous growth in both revenue and net profit indicates a well-managed business model that can capitalize on market opportunities while maintaining profitability. These results position the company favorably as it continues its business operations and strategic initiatives.