Mcleod Russel India Ltd (MCLEODRUSS) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Mcleod Russel India Ltd on NSE and BSE, with an AI summary of each filing.
Voting Results of Annual General Meeting along with Scrutinizer's Report.
Annual General Meeting · 01 Oct 2026, 10:46 pm
Summary of Proceedings of the 28th Annual General Meeting of McLeod Russel India Limited
Annual General Meeting · 30 Sept 2026, 11:08 pm
Execution and Signing of Master Restructuring Agreement.
Others (Uncategorized) · 30 Sept 2026, 12:01 am
McLeod Russel Signs Debt Restructuring Agreement With NARCL for Rs 2,483.31 Crore McLeod Russel India Limited entered into a Master Restructuring Agreement on 29th Sep'26 with National Asset Reconstruction Company Limited (acting via India Debt Resolution Company) and promoter Aditya Khaitan to restructure total outstanding debt of Rs 2,483.31 crore. The debt comprises Rs 1,050 crore of sustainable debt, repayable by FY29, and Rs 1,433.31 crore of unsustainable debt. Key terms include a 10% equity allotment with anti-dilution protection, promoter share pledge, a nominee director appointment, and a monitoring committee to oversee implementation.
Appointment of Senior Management Personnel.
Change in Management · 29 Sept 2026, 12:45 am
McLeod Russel Appoints Kevyn David as Head of Plantation McLeod Russel India Limited announced the appointment of Mr. Kevyn David as Head of Plantation, designated as Senior Management Personnel, effective 1st Oct'26. Having joined the company in 1992, Mr. David brings over 30 years of operational and management experience across tea plantations. He previously served as General Manager in 2012 and Advisor in 2020, managing operations for the South Bank Estates in Assam and Dooars in West Bengal.
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Others (Uncategorized) · 09 Sept 2026, 10:33 pm
McLeod Russel Approves Purchaser Assignment for Rupajuli Tea Estate Sale McLeod Russel India Limited announced that Khona Tea Estate LLP has assigned its rights and obligations under the 27th Apr'26 MoU for acquiring specified assets and leasehold rights of Rupajuli Tea Estate to Rupajuli Tea Estate LLP. Both entities operate under identical management and control, with the transfer executed for administrative convenience. The company's Asset Disposal Committee approved the assignment on 9th Sep'26. All commercial understandings, principal terms, and conditions under the original MoU remain unchanged.
Please find enclosed herewith the Notice of the 28th Annual General Meeting of the Company scheduled to be held on Wednesday, 30th September, 2026 at 11:30 A.M through Video Conferencing ....
Others (Uncategorized) · 09 Sept 2026, 2:51 am
Please find enclosed herewith the Notice of the 28th Annual General Meeting of the Company scheduled to be held on Wednesday, 30th September, 2026 at 11:30 A.M through Video Conferencing ....
Annual General Meeting · 09 Sept 2026, 2:44 am
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
Others (Uncategorized) · 28 Aug 2026, 9:56 pm
McLeod Russel to Divest Tarajulie Tea Estate for Debt Repayment McLeod Russel India has signed a Memorandum of Understanding on 28th Aug'26 to dispose of its Tarajulie Tea Estate. The sale proceeds of ₹22.75 crore will be used for partial debt repayment as per the sanction letter from the National Asset Reconstruction Company Limited. The estate contributed ₹15.17 crore, or 1.57% of total turnover, in FY26. The buyer, Jaynath Tea Estate, is not a related party. The transaction is expected to be completed by 31st Oct'26, pending due diligence and necessary approvals.
The Board of Directors of the Company in their meeting held today i.e. 14th August, 2026, have considered and approved the Unaudited Financial Results, both on standalone and consolidated ....
Financial Result · 14 Aug 2026, 10:39 pm
The Board of Directors of the Company in their meeting held today i.e. 14th August, 2026, have considered and approved the Unaudited Financial Results, both on standalone and consolidated ....
Outcome · 14 Aug 2026, 10:35 pm
Mcleod Russel India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Unaudited Financial Results, ....
Intimation · 14 Aug 2026, 5:30 am
McLeod Russel India Schedules Board Meeting for Q1FY27 Results McLeod Russel India's Board of Directors will meet on 14th Aug'26 to consider and approve standalone and consolidated Unaudited Financial Results for the quarter ended 30th Jun'26. The company reiterated that the trading window for designated persons, closed since 1st Jul'26, will remain shut until 48 hours after the results are declared. This action is in compliance with SEBI's insider trading regulations.
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
Others (Uncategorized) · 06 Aug 2026, 11:27 pm
McLeod Russel to Divest Corramore Tea Estate for Debt Reduction McLeod Russel India announced the divestment of its Corramore Tea Estate in Assam on 6th Aug'26. The asset, which contributed ₹17.44 crore (1.80% of total turnover) in FY26, will be sold to Krishnabehari Tea Co Ltd for a consideration of ₹26.16 crore. This transaction is part of a debt restructuring plan approved by NARCL to facilitate partial debt repayment. The sale is not a related party transaction and is expected to be completed by 31st Oct'26, pending due diligence and necessary approvals.
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR, 2015)
Others (Uncategorized) · 21 Jul 2026, 6:45 pm
McLeod Russel: Insolvency Petition Withdrawn by Financial Creditor NARCL The NCLT Kolkata Bench has dismissed the insolvency petition filed against McLeod Russel by National Asset Reconstruction Company Limited (NARCL). The order, dated 14th Jul'26, allows the withdrawal based on a restructuring arrangement agreed upon by both parties. NARCL retains the liberty to revive the petition if the agreed terms are not met. This development follows McLeod Russel's earlier intimation on 15th Jul'26 regarding the withdrawal application, providing significant relief from potential insolvency proceedings.
Approval of Voluntary Delisting of Equity Shares from the Calcutta Stock Exchange.
Others (Uncategorized) · 17 Jul 2026, 9:12 pm
McLeod Russel Voluntarily Delists from Calcutta Stock Exchange McLeod Russel India announced that the Calcutta Stock Exchange (CSE) has approved its application for the voluntary delisting of its equity shares. The delisting is effective from 17th Jul'26. This action follows a Board of Directors' decision on 14th Aug'25 to seek removal from the regional exchange. The company's shares will continue to be listed and traded on the BSE Limited (Scrip: 532654) and the National Stock Exchange (Scrip: MCLEODRUSS). The delisting from CSE will have no impact on existing shareholders.
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR, 2015)
Others (Uncategorized) · 15 Jul 2026, 9:55 pm
McLeod Russel: Insolvency Application Withdrawn by NARCL McLeod Russel India announced that the National Asset Reconstruction Company (NARCL) has withdrawn its insolvency application filed against the company. The application, concerning an alleged default of approximately Rs 444.55 crores, was dismissed by the NCLT Kolkata bench on 15th Jul'26. This follows a sanction letter dated 2nd Apr'26 for the restructuring of the company's debts. The NCLT granted NARCL liberty to revive the application if the restructuring process fails, providing significant relief to the company.
Reappointment of Internal Auditors and Cost Auditors
Change in Auditor · 30 May 2026, 3:36 am
McLeod Russel India Gets Adverse Audit Opinion on FY26 Financials McLeod Russel India's Board approved its audited standalone and consolidated financial results for the quarter and year ended 31st Mar'26. Statutory auditors issued an adverse opinion, citing concerns over Rs. 2,86,050 lakhs in Inter-Corporate Deposits, non-recognition of interest, and uncertainties in fair value of assets. The Board also re-appointed Cost Auditors and Internal Auditors for FY 2026-27. Standalone net loss for FY26 stood at Rs. 9,086 lakhs versus Rs. 19,636 lakhs YoY. Revenue from operations was Rs. 97,482 lakhs.
Financial Results for the Quarter and Year ended 31.03.2026
Financial Result · 30 May 2026, 3:29 am
McLeod Russel FY26 Results Show Widening Losses Amid Adverse Auditor Opinion For FY26, McLeod Russel reported a widened standalone net loss of ₹9,086 lakhs versus ₹19,636 lakhs YoY. Revenue from operations fell to ₹97,482 lakhs from ₹1,02,436 lakhs. For Q4 FY26, the net loss was ₹4,919 lakhs on revenue of ₹8,431 lakhs. Statutory auditors issued an adverse opinion, citing concerns over doubtful inter-corporate deposits of ₹2,86,050 lakhs, non-recognition of interest, and other material uncertainties. Total assets decreased significantly to ₹2,05,028 lakhs from ₹3,29,655 lakhs YoY, highlighting financial stress.
Outcome of Board Meeting dated 29th May, 2026
Outcome · 30 May 2026, 3:22 am
McLeod Russel FY26 Results: Widened Loss, Adverse Audit Opinion McLeod Russel reported a standalone net loss of ₹9,086 lakhs for FY26, wider than the ₹19,636 lakhs loss in FY25. Revenue from operations for FY26 was ₹97,482 lakhs. The auditor, M/s Lodha & Co LLP, issued an adverse opinion on the financial results. Key qualifications include the non-provisioning of ₹41,421 lakhs in doubtful Inter-Corporate Deposits (ICDs) given to promoter entities, non-recognition of interest on certain loans, and non-determination of fair value for certain assets, all of which understate the reported loss for the period.
Mcleod Russel India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Audited Financial Results, ....
Intimation · 29 May 2026, 5:30 am
McLeod Russel India Board Meeting Set for Q4 & FY26 Results McLeod Russel India will hold a Board of Directors meeting on 29 May'26 to consider and approve its audited standalone and consolidated financial results for the quarter and year ended 31 Mar'26. The company also reiterated that the trading window for designated persons, which closed on 1 Apr'26, will remain shut until 48 hours after the results are declared. This action is in compliance with SEBI's (Prohibition of Insider Trading) Regulations, 2015.
Intimation under Regulation 30(5) of the SEBI (Listing Obligations and Requirements) Regulations 2015
Others (Uncategorized) · 16 May 2026, 5:07 pm
McLeod Russel Designates Key Personnel for SEBI Disclosures McLeod Russel India, in a filing on 16th May'26, authorized its Key Managerial Personnel (KMPs) under SEBI LODR regulations, effective 15th May'26. Managing Director Aditya Khiatan and Whole-Time Director & CFO Pradip Bhar are now authorized to determine the materiality of events. For making disclosures to stock exchanges, these two executives are joined by Company Secretary Alok Kumar Samant. This formalizes the personnel responsible for corporate governance and timely dissemination of material information to investors and exchanges.
As per the attached letter dated 15.05.2026.
Others (Uncategorized) · 15 May 2026, 9:33 pm
McLeod Russel Board Approves Debt Settlement and Asset Disposal The Board of McLeod Russel, on 15th May'26, accepted a One-Time Settlement (OTS) from J.C. Flowers ARC for Rs. 150 crores to settle outstanding dues of Rs. 749.80 crores, payable by 30th Jun'27. This follows a previous debt restructuring with NARCL. Additionally, the Board approved an MoU for the disposal of Mathura Tea Estates for Rs. 34.2 crores to partially pay debt to NARCL. The estate contributed 3.00% to total turnover in FY25. Aditya Khaitan was also re-appointed as Managing Director for three years.
As per the attached Letter dated 15.05.2026.
Change in Management · 15 May 2026, 9:29 pm
McLeod Russel Accepts Debt Settlement and Announces Asset Sale McLeod Russel's board approved a One-Time Settlement (OTS) with J.C. Flowers ARC on 15 May'26 to settle Rs. 749.80 crores of outstanding dues for Rs. 150 crores, payable by 30 Jun'27. This follows a debt restructuring sanction from NARCL on 9 Apr'26. Cumulatively, lenders representing 95.6% of institutional loans have approved settlements. The board also executed an MoU for the disposal of Mathura Tea Estates for Rs. 34.20 crores to part-pay debt to NARCL, and re-appointed Aditya Khaitan as MD for 3 years.
As per the attached letter dated 15.05.2026.
Others (Uncategorized) · 15 May 2026, 9:25 pm
McLeod Russel Board Approves Debt Settlement, Asset Sale, and MD Re-appointment The Board accepted a One-Time Settlement (OTS) with J.C. Flowers ARC on 15 May'26 for outstanding dues. The settlement value is Rs. 150 crores, payable by 30 Jun'27. This follows a previous debt restructuring sanction from NARCL on 9 Apr'26. Combined, these cover approximately 95.6% of institutional loans as of 31 Dec'25. The Board also approved an MoU for the disposal of Mathura Tea Estates to part-pay debt to NARCL and re-appointed Mr. Aditya Khaitan as Managing Director for three years from 17 May'26.
Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR, 2015)
Others (Uncategorized) · 27 Apr 2026, 9:54 pm
McLeod Russel to Sell Three Tea Estates for Debt Repayment McLeod Russel India's board, on 27th Apr'26, approved the sale of three Assam tea estates: Nya Gogra, Rupajuli, and Boroi. These estates collectively contributed 6% of total turnover in FY25. The asset disposal is for part-payment of debt under a plan sanctioned by the National Asset Reconstruction Company Limited. The MoUs with prospective buyers are non-related party transactions, with expected completion by 30th May'26. The board also appointed Mr Pradip Bhar as Whole-Time Director & CFO for a three-year term.
Board of Directors of the Company at its meeting held, today i.e. 27th April, 2026 has considered and approved the execution of three Memoranda of Understanding (MoUs) for the proposed ....
Others (Uncategorized) · 27 Apr 2026, 9:50 pm
McLeod Russel to Sell Three Tea Estates for Debt Repayment McLeod Russel's board approved the disposal of three Assam tea estates on 27th Apr'26 to partly repay debt owed to National Asset Reconstruction Company Ltd. The company executed MoUs to sell Nya Gogra, Rupajuli, and Boroi Tea Estates, which collectively contributed 6% to its FY25 turnover. The total expected sale proceeds are Rs. 88.85 crore. The board also appointed Mr. Pradip Bhar as Whole-Time Director and CFO for a three-year term, effective 27th Apr'26. The asset sales are expected to complete by 30th May'26.