MBL Infrastructure subsidiary debt eliminated through resolution plan

The adjudicating authority on September 12, 2025, approved the resolution plan for MBL(MP) Toll Road Company Ltd. (MPTRCL), a wholly-owned subsidiary of MBL Infrastructure Ltd. Under the plan, MBL will infuse INR 9.11 crores in equity into MPTRCL. This amount, along with existing cash, bank balance, liquid assets, and forfeiture amounts, will be paid to Punjab National Bank (International) Ltd (PNBIL) as full and final settlement within 30 days.

Upon this payment, all liabilities of MPTRCL will be extinguished, rendering it a debt-free company. The surplus from toll fees, annuities, and receivables will become available to MBL. The management and control of MPTRCL will now vest with its board of directors.

MPTRCL operates the Waraseoni-Lalbarra Road on a BOT (Toll + Annuity) basis in Madhya Pradesh, receiving semi-annuities of INR 3.26 crores from MPRDCL and user fees (toll) from vehicles. MBL Infrastructure, established in 1995 and listed since 2010, specializes in civil engineering infrastructure projects across India.