Resolution Plan- Suspension due to Reduction of Equity Share Capital of MCNALLY BHARAT ENGINEERING COMPANY LIMITED (Scrip Code: 532629)

• Notice No: 20250219-13
• Notice Date: 19 Feb 2025
• Category: Corporate Actions
• Segment: Equity

Trading members of the Exchange are hereby informed that, MCNALLY BHARAT ENGINEERING COMPANY LIMITED has fixed Record Date for the purpose of determining the eligibility of Equity Shareholders of the Company entitled to the payment of Rs. 21,15,707/- (Rupees Twenty-One Lakh Fifteen Thousand Seven Hundred and Seven only) as proposed in Clause 5.5.6 of the Resolution Plan and subsequent cancellation and extinguishment of entire shareholding held by the erstwhile Promoters and reduction/reconstitution of existing equity share capital held by “Public” Shareholders category to 5% (five percent) of the restructured issued and paid-up capital, as per the Resolution Plan approved vide Order passed by the Hon’ble National Company Law Tribunal, Kolkata Bench,

Trading Members are advised not to deal in the Equity Shares of MCNALLY BHARAT ENGINEERING COMPANY LIMITED with effect from the under mentioned date:-                         

COMPANY NAME & CODE	RECORD DATE	PURPOSE	No Dealings/ Suspension  w.e.f. Date/Settlement No.
MCNALLY BHARAT ENGINEERING COMPANY LIMITED (532629)	21/02/2025	As per the Resolution Plan approved by Hon’ble National Company Law Tribunal, Kolkata Bench:- (1)  It is proposed to offer a value of Re.0.01 per share to the Shareholders of the Company as a goodwill gesture.  The Resolution Applicant shall transfer the above funds in the Escrow Account and Monitoring Committee shall supervise the distribution to the shareholders. and (2)  Upon the payment of the designated value to the shareholders , the following shall take place:- (a)   The entire shareholding held by the erstwhile Promoters of the Company shall stand extinguished; (b)   The balance shareholding of the Public Shareholders shall stand reduced in a manner that immediately after issuance of fresh equity shares in favour of the Resolution Applicant and the lenders on the Effective Date, the existing Public Shareholders shall constitute 5% (five percent) of the issued and paid up capital as on the Effective Date.	21/02/2025 DR- 827/2024-2025

Trading Members are requested to take note of the above.

Marian Dsouza

Senior Manager –Listing Operations (CRD)

February 19, 2025