Fixes Book Closure for AGM
McNally Bharat Engineering Company Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 14, 2017 to September 20, 2017 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 20, 2017. Credit Rating
We would like to inform you that the company has been assigned credit rating of "B" (stable) for long term bank credit facilities and BWRA4 for short term bank credit facilities by Brickwork Ratings India Pvt. Ltd. Please treat this as a disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015. Financial Results For The Period Ended June 30, 2017
The Unaudited Financial Results for the Quarter ended June 30, 2017, was adopted by the Board of Directors at their meeting concluded today, i.e. August 11, 2017 Board Meeting On August 11, 2017
We wish to inform you that a Meeting of the Board of Directors of the Company will be held on Friday, August 11, 2017, at the Registered Office of the Company at 4 Mangoe Lane, Kolkata 700001, to take on record the Unaudited Financial Results for the quarter ended June 30, 2017, of the Company Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for EMC Ltd Statement Of Investors Complaints For The Quarter Ended June 2017
Pursuant to the provisions of Regulation 13(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a statement of the Investor Complaints for the quarter ended June 30, 2017, as prepared by the Share Transfer Registrar of our Company, is being submitted. Shareholding for the Period Ended June 30, 2017
McNally Bharat Engineering Company Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2017. For more details, kindly Click here Updates
We have the pleasure in informing that we have received an order for Construction of Entry/Exit structure of Elamkulam Station and Balance Works in the Main Station Building at Elamkulam from Delhi Metro Rail Corporation Limited for a value of Rs. 43.49 Crores (approx). Change in Directorate
This is to inform that Mr. P H Ravikumar, Independent Director of the Company, has tendered his resignation from his post due to his personal commitments, which has been accepted by the Board.
Rakesh Jhunjhunwala pick, Mcnally Bharat, is looking to be profitable in coming FY
McNally Bharat Engineering, the Williamson Magor Group-managed firm, is a fresh addition by Rakesh Jhunjhunwala to his portfolio. He has bought over 2.3 million shares in the company for Rs. 10.9 crore. The construction firm had taken an hiatus for the past several quarters on bidding for new orders, to complete pending projects in its order book. However, it announced earlier this month that it will resume bidding for new projects. As of now, the company still has 70 pending projects it has to execute in the upcoming financial year. It is accordingly investing to expand operations, and plans to seek board approval to raise upto Rs 500 crore in funds, potentially through a share sale. Struggling financials, despite recent profitable quarter In its fourth quarter the company had announced a net profit of Rs 483.9 crore,compared with a net loss of Rs 146.6 crore in the December quarter. The profit number however, is misleading - while the share price of Mcnally jumped on the news, with investors thinking this marked a turnaround for the firm, the bulk of the profit was from other income of Rs. 242 crore, and one time gains from interest, through accounting adjustments, of Rs. 109.6 crore. Attempting a turnaround The firm has resumed bids for new orders as it works to complete pending projects, according to management. Apart from orders in the pipeline worth Rs. 2,000 crore, the company’s management has a target of securing Rs 3,000-3,500 crore of new orders in FY18. It is accordingly bidding for over Rs. 7,000 crore worth of orders.