Corrigendum to the Annual Report for the Financial Year 2025-26.

McNally Bharat Engineering Company Limited CIN: L45202WB1961PLC025181 Registered Office: Ecospace Campus 2B 11F/12 New Town Rajarhat North 24 Parganas Kolkata-700160 Telephone +91 33 68311001/+91 33 68311212 Email: mbe.corp@mbecl.co.in Website: www.mcnallybharat.com An ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 Certified Company 9th September 2026 The National Stock Exchange of India Limited Exchange Plaza, 5th floor, Plot # C/1, ‘G’ Block Bandra Kurla Complex, Bandra (East) Mumbai – 400 051. BSE Limited Corporate Relations Department 1st Floor, New Trading Ring, Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001. Dear Sir/Madam, Sub.: Corrigendum to the Annual Report for the Financial Year 2025-26 Scrip Code/Symbol: 532629 / MBECL Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), read with Part A of Schedule III thereto, we wish to inform the Exchange(s) that the Company has issued a Corrigendum in continuation of the Notice of the 63rd Annual General Meeting ("AGM") of the Company, scheduled to be held on Friday, 25th September 2026, which was sent to the Members on 3rd September 2026, on account of the following inadvertent errors: 1. The date of birth of Mr. Mehar Chand Thakur (DIN: 08648033), a Director of the Company, was inadvertently mentioned as "7th April 1942" instead of "7th April 1952" on Page 12 of the Notice of the AGM and Page 15 of the Annual Report 2025-26. The correct date of birth shall be read as "7th April 1952". 2. The Annual Report 2025-26 page-numbering has been reset from page 72 onwards. Except for the above, all other information contained in the Annual Report for the financial year 2025-26 remains unchanged. We wish to clarify that the above corrections do not affect the financial statements of the Company for the year ended 31st March 2026. However, we are sending the revised Annual Report 2025-26 electronically to all shareholders whose email addresses are registered with the Company or Depositories. The Corrigendum, Annual Report & AGM Notice for the FY 2025-26 can be accessed at the following links: https://mcnallybharat.com/wp-content/uploads/2025/09/Annual-Report-2025-26.pdf https://mcnallybharat.com/wp-content/uploads/2026/09/63rd-AGM-Notice.pdf https://mcnallybharat.com/wp-content/uploads/2026/09/Corrigendum-to-AR-2025-26.pdf Page 1 of 2 McNally Bharat Engineering Company Limited CIN: L45202WB1961PLC025181 Registered Office: Ecospace Campus 2B 11F/12 New Town Rajarhat North 24 Parganas Kolkata-700160 Telephone +91 33 68311001/+91 33 68311212 Email: mbe.corp@mbecl.co.in Website: www.mcnallybharat.com An ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 Certified Company Any inconvenience caused due to this, is sincerely regretted. Kindly take this into your records. Yours faithfully, For McNally Bharat Engineering Company Limited Indrani Ray Company Secretary Encl: As above. Page 2 of 2 CCoorrppoorraattee OOvveerrvviieeww SSttaattuuttoorryy RReeppoorrttss FFiinnaanncciiaall SSttaatteemmeennttss Contents The Board of Directors • 2 Vision & Mission Statement • 3 Notice of The Sixty-third (63rd ) Annual General Meeting • 4 Directors’ Report • 17 Management Discussion and Analysis • 27 Report on Corporate Governance • 41 Certificate on Compliance of Conditions of Corporate Governance • 63 Certificate of Non-disqualification of Directors • 65 Secretarial Audit Report • 67 Certificate under SEBI LODR Regulation 17(8) • 72 Independent Auditor’s Report on Standalone Financial Statement • 74 Standalone Balance Sheet • 87 Standalone Statement of Profit and Loss • 88 Standalone Statement of Cash Flows • 89 Standalone Statement of Changes in Equity • 91 Notes to Standalone Financial Statement • 92 Independent Auditor’s Report on Consolidated Financial Statement • 146 Consolidated Balance Sheet • 159 Consolidated Statement of Profit and Loss • 160 Consolidated Statement of Cash Flows • 161 Consolidated Statement of Changes in Equity • 163 Notes to Consolidated Financial Statement • 164 Form AOC-1 • 220 AAnnnnuuaall RReeppoorrtt 22002255--2266 MMccNNaallllyy BBhhaarraatt EEnnggiinneeeerriinngg CCoommppaannyy LLiimmiitteedd Board of Directors the board of directors STATUTORY AUDITORS Mr. Partha Sarathi Bhattacharyya (Till 25.09.2026) Chairman, Independent Director & V. Singhi & Associates, Chairman, Audit Committee Chartered Accountants Mr. Pradip Kumar Bishnoi Four Mangoe Lane Independent Director & Surendra Mohan Ghosh Sarani Chairman, Nomination & Remuneration Kolkata – 700 001 Committee WCOeSsTt B AeUnDgaITl, OInRdSia Mr. Anil Kumar Jha A. Bhattacharya & Associates Independent Director & Chairman, Stakeholders’ Relationship Committee AB-275, Salt Lake City Kolkata – 700064 Ms. Anuradha Gupta Independent Director WSEeCsRt EBTeAngRaIlA, ILn AdiUaDITORS M/s Prakash Shaw & Co., CHIEF EXECUTIVE OFFICER Company Secretaries (Till 17.07.2026) Mr. Rajendra Mohan Mathur P-38, Princep Street, 1st Floor Room No. 12, Kolkata 700072 (Since 27.07.2026) WSOeLsItC BIeTnOgRalS, India Mr. Sarvesh Kumar Adukia Khaitan & Co. LLP CHIEF FINANCIAL OFFICER 1B, Old Post Office Street, (From 05.05.2025 to 30.05.2026) Mr. Rupayan Majumdar Kolkata – 700 001 West Bengal, India (Since 01.06.2026) Mr. Harish Avadhani COMPANY SECRETARY & COMPLIANCE OFFICER MREsG. IInSdTrEaRniE RDa &y CORPORATE OFFICE: (Since 25.09.2025) Campus 2B, Ecospace Business Park, 11F/12 Rajarhat, New Town North 24 Parganas Kolkata – 700156 WREeGstI SBTeRngAaRl, &In TdiRaANSFER AGENT (RTA) Maheshwari Datamatics Private Limited 23, R. N. Mukherjee Road, 5 Floor Kolkata – 700 001 West Bengal, India Annual Report 2025-26 CCoorrppoorraattee OOvveerrvviieeww SSttaattuuttoorryy RReeppoorrttss FFiinnaanncciiaall SSttaatteemmeennttss Vision & MissionStatements VISION We shall be a growth-oriented global organization, delighting our stakeholders l through innovation and excellence in all our activities. We shall be a learning organization, focused on competence enhancement and l people involvement. We shall demonstrate high standards of corporate governance and commitment towards environment and society. MISSION Grow continually in terms of the expanding ambit of our business, making l forays into newer and newer areas. l Maintain high standards of quality in all our products and services. l Employ, develop and retain high standards of human resources. Enable and empower our people at all levels to enrich themselves as individuals and as members of a team, guided by a set of standards for accountability & l integrity. Serve the society within which we operate to enhance the quality of life around. Annual Report 2025-26 McNally Bharat Engineering Company Limited McNally Bharat Engineering Company Limited Registered Office: Ecospace Campus 2B 11F/12, New Town Rajarhat North 24 Parganas Kolkata-700160 Telephone: +91 33 6831 1001/ +91 33 6831 1212 E-mail: mbecal@mbecl.co.in | Website: http://www.mcnallybharat.com CIN: L45202WB1961PLC025181 Registrar & Share Transfer Agent: Maheshwari Datamatics Private Limited 23, R.N. Mukherjee Road, 5th Floor, Kolkata – 700 001 Telephone: +91 33 2243 5029/ 5809 | Facsimile: +91 33 2248 4787 Website: www.mdpl.in | ENmaOil:T coImCpEliance@mdplcorporate.com Notice is hereby given that the Sixty-third (63 ) Annual Gentheral Meeting of the Members of McNally Bharat Engineering Company Limited will be held at 3:30 p.m. IST on Friday, 25 September 2026, through Video Conferencing (VC) / Other Ordinary Business: Audio Visual Means (OAVM), to transact the following business: 1. To receive, consider and adopt: (a) The audited financial statement of the Company for the financial year ended 31 March 2026, and the Reports of the Directors and the Auditors thereon and (b) the audited consolidated financial statement of the Company for the financial year ended 31 March 2026 and 2. To rethaep Rpeopinotr tM ofs .t hPeo Aoundaimto rSsi nthgehraenonia. (DIN: 11307 [Showing first 8,000 characters — download PDF for full document]