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M & B ENGINEERING LIMITED — Capital/Financing Update 2026
May 12, 2026
59416_rns_2026-05-12_652fcc83-2336-45e2-87c1-24f070734d02.pdf
Capital/Financing Update
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M&B
ENGINEERING
M&B Engineering Ltd.
Registered Office: 'MB House', 51, Chandroday Society, Stadium Road, Naranpura, Ahmedabad - 380 014, Gujarat, India
CIN: L45200GJ1981PLC004437 | T: +91 79 2640 5563/ 2646 1314 | E: [email protected] / [email protected]
Web.: www.mbel.in
12th May, 2026
| To,
National Stock Exchange of India Limited
Exchange Plaza,
Bandra Kurla Complex,
Bandra (East),
Mumbai – 400051
Symbol: MBEL | To
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
Script Code: 544470 |
| --- | --- |
Dear Sir/Madam,
Sub: Statement of deviation or variation in the use of proceeds of Initial Public Offer of M & B Engineering Limited
Pursuant to the aforesaid SEBI Listing Regulations, we request you to note that there are no deviation(s) or variation(s) in respect of utilization of proceeds of Initial Public Offer ('IPO') of the Company for the quarter ended March 31, 2026, as mentioned in the object clause of the offer letter of the IPO.
In this regard, please find enclosed herewith the said statement at Annexure-1.
You are requested to kindly note the above.
Thanking you,
Yours faithfully,
for M & B ENGINEERING LIMITED
PALAK
DILIPBHAI
PAREKH
Digitally signed by PALAK
DILIPBHAI PAREKH
Date: 2026.05.12 12:51:16
+05'30'
PALAK DILIPBHAI PAREKH
COMPANY SECRETARY &
COMPLIANCE OFFICER
(M. No. F10209)
M&B
ENGINEERING
M&B Engineering Ltd.
Registered Office: 'MB House', 51, Chandroday Society, Stadium Road, Naranpura, Ahmedabad - 380 014, Gujarat, India
CIN: L45200GJ1981PLC004437 | T: +91 79 2640 5563/ 2646 1314 | E: [email protected] / [email protected]
Web.: www.mbel.in
Annexure-1
Disclosure of Statement of Deviation / Variation in utilisation of funds raised:
| Name of listed entity | M & B Engineering Limited | |||||
|---|---|---|---|---|---|---|
| Mode of Fund Raising | Public Issues | |||||
| Date of Raising Funds | 04-08-2025 (Date of Allotment of Shares) | |||||
| Amount Raised | Rs. 275 Crores (Fresh Issue) | |||||
| Report filed for Quarter ended | 31-03-2026 | |||||
| Monitoring Agency | Applicable | |||||
| Monitoring Agency Name, if applicable | Crisil Ratings Limited | |||||
| Is there a Deviation / Variation in use of funds raised | No | |||||
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | Not Applicable | |||||
| If Yes, Date of shareholder Approval | Not Applicable | |||||
| Explanation for the Deviation / Variation | Not Applicable | |||||
| Comments of the Audit Committee after review | Not Applicable | |||||
| Comments of the auditors, if any | Not Applicable | |||||
| Objects for which funds have been raised and where there has been a deviation, in the following table | ||||||
| Original Object | Modified Object, if any | Original Allocation (Rs. In Crores) | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at our Manufacturing Facilities | Not Applicable | 130.58 | Not Applicable | 14.87 | Not Applicable | - |
| Investment in information technology | Not Applicable | 5.20 | Not Applicable | - | Not Applicable | - |
M&B
ENGINEERING
M&B Engineering Ltd.
Registered Office: 'MB House', 51, Chandroday Society, Stadium Road, Naranpura, Ahmedabad - 380 014, Gujarat, India
CIN: L45200GJ1981PLC004437 | T: +91 79 2640 5563/ 2646 1314 | E: [email protected] / [email protected]
Web.: www.mbel.in
| ("IT") software
upgradation
by our
Company; | | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| Re-payment
or pre-payment of
term loans, in
full or in part,
of certain -
borrowings
availed by our
Company; and | Not Applicable | 58.75 | Not Applicable | 58.75 | Not Applicable | - |
| General corporate
purposes. | Not Applicable | 64.79 | Not Applicable | 64.18 | Not Applicable | - |
for M & B ENGINEERING LIMITED
PALAK
DILIPBHAI
PAREKH
Digitally signed by PALAK DILIPBHAI PAREKH
Date: 2026.05.12 12:33:44
+05'30'
PALAK DILIPBHAI PAREKH
COMPANY SECRETARY &
COMPLIANCE OFFICER
(M. No. F10209)