MBECL Receives EPF Demand Notice for ₹9.60 Crore
McNally Bharat Engineering Company Limited received a notice from EPF Organization for ₹9.60 crore. The demand relates to a period when the company was under Corporate Insolvency Resolution Process (CIRP). MBECL is engaging with authorities and evaluating legal options.
The amount of ₹9.60 crore is significant and could impact the company's financials, especially considering it relates to a period when the company was under CIRP. However, the company is evaluating its options, including appeals.
The company has received a demand notice for ₹9.60 crore from the EPF organization, which is a financial liability.
McNally Bharat Engineering Company Limited (MBECL) announced on December 12, 2025, that it received a notice on December 11, 2025, from the Employees Provident Fund Organization (EPFO), Ranchi. The notice, issued under Section 14B & 7Q of the EPF & MP Act, 1952, directs the company to deposit an assessed amount of ₹9.60 crores.
The company stated that the issue originated during its Corporate Insolvency Resolution Process (CIRP) tenure. Following the takeover by the new promoter, efforts have been underway to identify and address regulatory gaps from the CIRP period, with this notice being one such identified item.
MBECL is actively engaging with PF authorities to address the alleged inconsistency. If follow-up actions do not resolve the matter, the company plans to pursue legal recourse. The company is evaluating the notice to exercise its right to appeal and will take necessary actions to comply with the directives. MBECL will keep the stock exchanges informed of any material developments.
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See the model portfoliosA plain-language summary of a public exchange filing by Mcnally Bharat Engineering Company Limited. Read the original for the full detail.