MBECL: Trading Approval Granted for 3.33 Crore Equity Shares Post Resolution Plan

McNally Bharat Engineering Company Limited (MBECL) has received final trading permission for 3,33,33,334 equity shares of Rs. 10 each. These shares were issued on a preferential basis and through capital reduction as part of a Resolution Plan approved by the Hon'ble NCLT, Kolkata Bench. The NCLT orders were dated December 19, 2023, December 3, 2024, and September 23, 2025.

The shares, bearing distinctive numbers from 1 to 33333334, will be listed and admitted to dealings on the National Stock Exchange (NSE) and BSE Limited effective from September 1, 2026. The shares will be traded in the 'T' group and will continue to be in the Trade-to-Trade segment.

As per the Resolution Plan, the shareholding of erstwhile promoters will be extinguished, and the public shareholders' stake will be reduced to 5% post the issuance of new equity shares. Specifically, 16,66,667 shares were allotted post-capital reduction, 16,66,667 shares were allotted to public shareholders on a preferential basis, and 3,00,00,000 shares were allotted to the Successful Resolution Applicant. This brings the total issued, subscribed, and paid-up share capital to Rs. 33,33,33,340, comprising 3,33,33,334 equity shares of Rs. 10 each.