Board Meeting5 Oct 2026, 05:20 pm
McNally Bharat Engineering: Board Approves MoA Alteration & Postal Ballot
AI Summary
McNally Bharat Engineering Company Ltd announced that its Board of Directors, in a meeting held on October 5, 2026, approved the alteration of the Object Clause of the Memorandum of Association. This includes inserting a new sub-clause (23) to enable the company to undertake IT/ITES business and renumbering existing sub-clauses. The Board also approved a Postal Ballot Notice to seek shareholder approval for these changes. The cut-off date for e-voting is October 9, 2026, with the voting period commencing on October 15, 2026, and concluding on November 13, 2026. The meeting took place from 3:00 PM to approximately 4:10 PM.
Key Highlights
- Board approved alteration of Memorandum of Association.
- New sub-clause to enable IT/ITES business insertion.
- Postal Ballot Notice approved for member approval.
- E-voting period set from October 15 to November 13, 2026.
Price Impact
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