McNally Bharat Engineering Company Limited Reports Nil Defaults on Loans and Debt Securities
McNally Bharat Engineering Company Limited announced on April 2, 2026, that it has nil defaults on loans and debt securities as of March 31, 2026. The disclosure adheres to the circular issued by the Securities and Exchange Board of India (SEBI) on November 21, 2019, regarding defaults on payments of interest or repayment of principal.According to the company’s report, the total outstanding amount for loans and revolving facilities, including cash credit from banks and financial institutions, was nil as of March 31, 2026. Similarly, the amount of default on these facilities was also nil. Outstanding amounts for unlisted debt securities, including NCD/NCRPS, were also nil, with no defaults reported.
The company's total financial indebtedness, encompassing both short-term and long-term debt, stood at nil as of March 31, 2026.
The company noted that all loans have been fully settled in accordance with a Resolution Plan approved under a National Company Law Tribunal (NCLT) order dated December 19, 2023, and further order dated September 23, 2025 (pronounced on October 17, 2025). The delay in receiving No Due Certificates from banks and financial institutions is the reason why the company’s accounts are still reflecting as Non-Performing Assets (NPAs) in Reserve Bank of India (RBI) records.
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