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Stock Report
Approval of Resolution Plan of MBL (MP) Toll Road Co. Ltd
Posted On : 2025-09-17 15:23:34( TIMEZONE : IST )
The Hon'ble Adjudicating Authority vide order dated 12.09.2025 has approved the Resolution Plan submitted by MBL Infrastructure Ltd (MBL) for MBL(MP) Toll Road Company Ltd (MPTRCL), a wholly owned subsidiary company of MBL.
In terms of the approved Resolution Plan, MBL will infuse funds of Rs 9.11 crores (inclusive of EMD and Performance Security of Rs 2 crores already deposited in escrow account) in form of equity in MPTRCL. The amount of Rs 9.11 crores (inclusive of EMD and Performance Security) and cash and bank balance, liquid assets such as Fixed Deposits, forfeiture amount, if any, and annuities accruals as on the reference date i.e. 30th June 2025 net of CIRP expenses till effective date (date of approval of the Resolution Plan by the Adjudicating Authority i.e. 12.09.2025) in MPRTCL, shall be paid to Punjab National Bank (International) Ltd (PNBIL), sole secured financial creditor of MPTRCL, as full and final settlement, within 30 days and no claims shall be pursued by MPRTCL and MBL against PNBIL and similarly PNBIL shall not pursue any claim against MPRTCL and MBL.
On such payment all the liabilities of MPRTCL shall stand extinguished and MPRTCL will be a debt free company. The surplus arising out of toll fees, annuities, receivables (including proceeds of arbitration claims) etc. after keeping MPRTCL as a going concern shall be available to MBL.
With this the management and control of MPRTCL now vest with the Board of Directors of MPRTCL.
MPRTCL is SPV for execution of Waraseoni- Lalbarra Road on BOT (Toll + Annuity) basis in the state of Madhya Pradesh pursuant to the concession agreement dated 07.12.2011 with MPRDCL. MPRTCL is entitled for semi-annuities of Rs 3.26 crores from MPRDCL and user fees (toll) from vehicles in terms of concession agreement.
Shares of MBL Infrastructures Limited was last trading in BSE at Rs. 49.11 as compared to the previous close of Rs. 45.21. The total number of shares traded during the day was 103884 in over 1227 trades.
The stock hit an intraday high of Rs. 49.42 and intraday low of 44.51. The net turnover during the day was Rs. 4974303.00.
