McLeod Russel (India) Business Update
McLeod Russel has consented to the assignment of the Rupajuli Tea Estate sale MOU from Khona Tea Estate LLP to Rupajuli Tea Estate LLP. The commercial terms remain unchanged.
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McLeod Russel has consented to the assignment of the Rupajuli Tea Estate sale MOU from Khona Tea Estate LLP to Rupajuli Tea Estate LLP. The commercial terms remain unchanged.
McLeod Russel India Limited has issued the notice for its 28th Annual General Meeting scheduled for September 30, 2026. The meeting will be conducted via videoconferencing.
McLeod Russel India Limited entered an MoU to sell its Tarajulie Tea Estate for ₹22.75 Crore. This asset disposal aims to facilitate part-payment of debt.
McLeod Russel (India) Ltd reported revenue from operations of ₹261.1 Cr (+21.0% YoY) and a net loss of ₹13.4 Cr for Q1 FY27.
McLeod Russel India Limited has scheduled a board meeting for August 14, 2026. The board will consider and approve unaudited financial results for the June quarter.
McLeod Russel has signed an MoU to sell its Corramore Tea Estate assets for ₹26.16 Crore to Krishnabehari Tea Co Ltd for debt part-payment.
Mcleod Russel India Ltd announced that NCLT Kolkata has dismissed an insolvency petition filed by NARCL. The application was withdrawn by the petitioner.
Mcleod Russel India Ltd has submitted its quarterly shareholding pattern for the period ending June 30, 2026, as per SEBI regulations.
McLeod Russel India Limited received approval for voluntary delisting from the Calcutta Stock Exchange effective July 17, 2026. Shares remain listed and traded on NSE and BSE.
NCLT Kolkata dismissed NARCL's Rs.444.55 crore insolvency petition against McLeod Russel after a debt restructuring agreement. The creditor retains liberty to revive proceedings if restructuring fails.
Mcleod Russel India Ltd announced postal ballot voting results. All resolutions, including the appointment of Mr. Aditya Khaitan as Managing Director, were passed.
Mcleod Russel India approved the re-appointment of three cost auditors and two internal auditors for FY 2026-27. These appointments ensure continuity in regulatory and financial oversight.
McLeod Russel (India) Ltd reported revenue from operations of ₹84.3 Cr (-34.1% YoY) and a net loss of ₹49.2 Cr for Q4 FY26.
Mcleod Russel India Limited approved its FY2026 audited financial results. Auditors issued an adverse opinion citing recoverability issues on Inter-Corporate Deposits totaling ₹2,860.50 Crore.
McLeod Russel India Limited submitted its Annual Secretarial Compliance Report for FY2026. The report notes high compliance despite minor procedural delays in regulatory filings.
McLeod Russel India Limited issued a postal ballot notice for director appointments and remuneration. Shareholders will vote electronically between May 29 and June 27, 2026.
McLeod Russel India scheduled a board meeting for May 29, 2026, to approve audited financial results. The trading window remains closed until 48 hours post-declaration.
McLeod Russel updated its list of KMPs authorized for materiality determination and exchange disclosures. The update reflects routine regulatory compliance and administrative reporting requirements.
McLeod Russel India Limited has agreed to sell the Nya Gogra, Rupajuli, and Boroi Tea Estates for a total of ₹88.85 Crore. The cash sale is part of a debt restructuring plan approved by NARCL. Buyers include Bengal Tea & Fabrics, Khona Tea Estate LLP, and Jatinga Agro-Tech, with completion expected by May 30, 2026.
Mcleod Russel India Limited has appointed Mr. Pradip Bhar as an Executive Director for a 3-month term following its board meeting. Mr. Bhar, the current CFO with 39 years of industry experience, will lead the company's financial resolution process and cost management initiatives.
McLeod Russel India Limited entered MoUs to dispose of three Assam tea estates (Nya Gogra, Rupajuli, Boroi) for ₹88.85 Crore to reduce debt. The buyers include Bengal Tea & Fabrics, Khona Tea Estate LLP, and Jatinga Agro-Tech. Separately, the board appointed Mr. Pradip Bhar as Whole-Time Director and CFO for three years.
McLeod Russel India Limited accepted a sanction letter from NARCL for restructuring debt. The company will pay ₹1,050 Crore sustainable debt by February 2029. NARCL, representing 75.02% of lenders, will also receive 10% new equity through unsustainable debt conversion and a promoter share pledge.
McLeod Russel (India) Ltd reported a net loss of ₹36.4 Cr for Q3 FY26.
McLeod Russel (India) Ltd reported a net loss of ₹36.4 Cr for Q3 FY26.