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McNally Bharat Engineering Announces Q1 Financials and Strategic Changes

Story Highlights
  • McNally Bharat Engineering released its unaudited financial results for Q1 2025.
  • The company plans to divest its Zambian subsidiary and discontinue overseas financial consolidations.
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McNally Bharat Engineering Announces Q1 Financials and Strategic Changes

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McNally Bharat Engineering Co. Ltd. ( (IN:MBECL) ) just unveiled an update.

McNally Bharat Engineering Co. Ltd. announced its unaudited financial results for the quarter ended June 30, 2025, and disclosed several strategic decisions. The company plans to hold its 62nd Annual General Meeting virtually, appoint new secretarial auditors, and relocate its registered office within West Bengal. Additionally, the company has decided to discontinue the consolidation of financial results for its overseas subsidiaries, following the deregistration of its Singapore subsidiary and plans to divest its Zambian subsidiary due to lack of operations.

More about McNally Bharat Engineering Co. Ltd.

McNally Bharat Engineering Co. Ltd. is a company engaged in engineering and construction, providing a range of services and products in the industrial sector. The company is ISO certified and operates with a focus on infrastructure development and engineering solutions.

Technical Sentiment Signal: Sell

Current Market Cap: 557.8M INR

Learn more about MBECL stock on TipRanks’ Stock Analysis page.

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