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Mcnally Bharat Engineering Company informs about outcome of board meeting

22 Feb 2025 Evaluate
Mcnally Bharat Engineering Company has informed that the Company’s Board at its Meeting held today, 22nd February 2025 ratified and approved the following allotment of Equity Shares, duly approved by the Monitoring Committee at its 11th Meeting held earlier today, pursuant the Resolution Plan approved by Hon’ble NCLT, Kolkata Bench, vide its Order dated 19th December 2023 read with further Order dated 3rd December 2024: Allotment of 3,00,00,000 (Three Crores) equity shares to Mandal Vyapaar Private Limited -promoter category nominated by BTL EPC (Successful Resolution Applicant) at a face value of Rs 10 each aggregating to Rs.30,00,00,000 (Rupees thirty crores only); Allotment of 16,66,667 (Sixteen Lakhs sixty six thousand six hundred and sixty seven) Equity Shares to Financial Creditors - non promoter category at a face value of Rs 10 each aggregating to Rs.1,66,66,670 (Rupees one crore sixty six lacs sixty six thousand six hundred and seventy only). The Meeting commenced at about 11.45 AM and concluded at about 12.30 PM.

The above information is a part of company’s filings submitted to BSE.

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