McNally Bharat Engineering Company Limited Faces Fines for Delayed Financial Results
McNally Bharat Engineering Company Limited (MBECL) has been fined by both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) for delayed submission of financial results for the period ended December 31, 2025. The fines, totaling Rs. 23,600 including Goods and Services Tax (GST), were issued on March 17, 2026, and March 18, 2026, respectively.The penalties stem from non-compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015, which mandates timely submission of financial results. The fines are in accordance with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.
Below is a summary of the fines imposed:
| Sl. No. | Particulars | Details | Details |
|---|---|---|---|
| (i) | Name of Authority | BSE Limited (BSE) | The National Stock Exchange of India Limited (NSE) |
| (ii) | Nature and details of the action(s) taken, initiated or order(s) passed | Fine of Rs. 23,600/- (including GST) | Fine of Rs. 23,600/- (including GST) |
| (iii) | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | BSE email w.r.t. 532629-Fines as per SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/ 2023/120 dated July 11, 2023 (Chapter-VII (A)-Penal Action for Non-Compliance) received on 17 th March 2026. | NSE email w.r.t. MBECL- Notice for non-compliance with SEBI (LODR) Regulations, 2015 received on 18 th March 2026. |
| (iv) | Details of the violation(s)/contravention(s) committed or alleged to be committed impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | Regulation 33 Non-submission of the financial results within the period prescribed under this regulation | Regulation 33 Non-submission of the financial results within the period prescribed under this regulation |
| (v) | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | SOP Fines levied by the Exchange has a financial impact on the Company | SOP Fines levied by the Exchange has a financial impact on the Company |
The company has uploaded this disclosure on its website, www.mcnallybharat.com.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.