Outcome of Board Meeting

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 12th August 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: Outcome of Board Meeting, Submission of Unaudited Financial Results of the Company for the quarter ended 30th June 2026, and other Disclosures. Scrip Code/Symbol: 532629 / MBECL Further to our letter dated 4th August 2026, we write to inform you that pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (the “Listing Regulations”) the Board of Directors of the Company at its Meeting held today i.e. 12th August 2026 has inter alia approved the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the first quarter ended 30th June 2026 (the “Results”), a copy of which along with Limited Review Report issued by the Statutory Auditors of the Company i.e. V. Singhi & Associates, Chartered Accountants, is enclosed as Annexure-A. 2. Based on the recommendation of the Audit Committee, recommended for the approval of the Members at the ensuing Annual General Meeting, the appointment of M/s. Singhi & Co., Chartered Accountants (Firm Registration No. 302049E), as Statutory Auditors of the Company for a term of 5 (five) consecutive years, i.e., from the conclusion of the 63rd Annual General Meeting until the conclusion of the 68th Annual General Meeting to be held in the calendar year 2031, in place of the retiring Statutory Auditors, M/s. V. Singhi & Associates, Chartered Accountants. Brief details of the proposed Statutory Auditors, as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015, are enclosed as Annexure – B. 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 3. Notice convening the 63rd Annual General Meeting (“63rd AGM”) to be held on Friday, 25th September 2026 through Video Conference /Other Audio Visual Means (VC/OAVM). 4. Closure of Register of Members and Share Transfer Books from 19th September 2026 to 21st September 2026 (both days inclusive) for the purpose of the 63rd AGM. The Meeting commenced at 5.00 PM and concluded at about 8.45 PM. This letter is being uploaded on the Company’s website at www.mcnallybharat.com. You are requested to take the above information on record. Yours faithfully, For McNally Bharat Engineering Company Limited Indrani Ray Company Secretary Encl: Annexure – A: Un-audited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026, with Limited Review Report(s). Annexure – B: Brief details of M/s Singhi & Co. Chartered Accountants, proposed Statutory Auditors, pursuant to SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015. V. SINGHI & ASSOCIATES Chartered Accountants Four Mangoe Lane Surendra Mohan Ghosh Sarani, Ground Floor, Kolkata – 700 001 Phone : +91 33 2210 1125/26 E-mail : kolkata@vsinghi.com Website : www.vsinghi.in Limited Review Report on Unaudited Standalone Financial Results for the quarter ended 30th June, 2026 of McNally Bharat Engineering Company Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors McNally Bharat Engineering Company Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of MCNALLY BHARAT ENGINEERING COMPANY LIMITED (“the Company”) for the quarter ended 30th June, 2026 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). 2. This Statement, which is the responsibility of the Company's Management, is prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (“Ind AS 34”) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, and is in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Offices : BENGALURU • DELHI • GUWAHATI • HYDERABAD • RANCHI • MUMBAI 5. Emphasis of Matters We draw attention to the following matters in the notes to the Statement: a) Accounting Treatment Pursuant to Implementation of Approved Resolution Plan Note 5(b) of the accompanying statement that describes the accounting treatment adopted by the Company consequent to the implementation of the Resolution Plan, duly approved under the Corporate Insolvency Resolution Process by the Hon’ble National Company Law Tribunal, Kolkata, vide its order dated 19th December 2023 (the “Order”). The Successful Resolution Applicant (“SRA”) was required, inter alia, to arrange for buyback of 5% of the equity shares held by the Financial Creditors for an aggregate consideration of Rs 3,000 Lakhs as per the approved Resolution Plan. Hon’ble NCLT, Kolkata Bench, vide its order dated 10th June 2026 in IA (I.B.C.) No. 294/KB/2026, held that the Rs 3,000 Lakhs equity buyback obligation is mandatory and non-negotiable and that the Resolution Plan could not be considered fully implemented until such obligation was fulfilled. The application filed by the Company was accordingly dismissed b) Current Assets and Current Liabilities Note 8 of the accompanying Statement, describing the Trade Receivables, Financial Assets, Other Financial Assets, Other Current Assets, Trade Payables, and Advances from Customers are subject to confirmation and under reconciliation with the respective parties. These balances are also subject to the outcome of pending arbitrations, claim settlements, and any consequential adjustments arising therefrom, if any. Furthermore, the Management’s [Showing first 8,000 characters — download PDF for full document]