Mcleod Russel India Limited has received shareholder approval to re-appoint Aditya Khaitan as Managing Director for a period of three years effective from May 17, 2026. The company also secured approval for the appointment of Pradip Bhar as Whole-Time Director for three years from April 27, 2026, along with the payment of remuneration for both positions. These decisions were ratified through a postal ballot process, with the results declared on June 27, 2026.

The postal ballot sought approval for four resolutions, including the re-appointment of Mr. Khaitan and the appointment of Mr. Pradip Bhar as a Director and subsequently as a Whole-Time Director. The voting process was conducted via remote e-voting, managed by the National Securities Depository Limited (NSDL). The Scrutinizer's Report, dated June 30, 2026, confirmed that all resolutions were passed with the requisite majority.

Voting Results Summary

The resolutions were put to vote among 61,400 shareholders eligible as on the record date of May 22, 2026. The total number of votes polled across all resolutions exceeded 19 million, representing approximately 18.25% of the total outstanding shares. The detailed voting patterns for the key resolutions are outlined below.

Key Appointments and Remuneration

The re-appointment of Mr. Aditya Khaitan (DIN: 00023788) ensures continuity in the company's leadership for the next three years. Alongside his re-appointment, shareholders authorized the payment of remuneration for his tenure. The company also inducted Mr. Pradip Bhar (DIN: 01039198) into its leadership team, first as a Director and then as a Whole-Time Director with effect from April 27, 2026. The approval for Mr. Bhar's role included the necessary remuneration package for the three-year term.

Procedural Details

The remote e-voting process was open from May 29, 2026, to June 27, 2026. Atul Kumar Labh, Practicing Company Secretary and Proprietor of M/s. A. K. Labh & Co., served as the Scrutinizer for the process. The report confirms that the results were downloaded and unblocked in the presence of independent witnesses. The voting results and the Scrutinizer's Report have been made available on the company's website and the NSDL e-voting portal.

Williamson Magor & Co. Limited, the promoter group company of mcleod russel , has confirmed that the promoter group and persons acting in concert have not created any encumbrance on their shareholdings as of March 31, 2026. This disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The confirmation ensures that the shares held by the promoters remain free from charges such as pledges or hypothecation, other than those already disclosed during the financial year ended March 31, 2026.

The letter, addressed to the secretaries of BSE Limited, National Stock Exchange of India Ltd, and The Calcutta Stock Exchange Limited, was signed by SK Javed Akhtar, Company Secretary of Williamson Magor & Co. Limited. The filing explicitly states that no new encumbrances have been made directly or indirectly by the promoters or persons acting in concert of McLeod Russel India Limited.

Shareholding Details

The disclosure includes an annexure detailing the number of shares held by each member of the promoter group and persons acting in concert as of March 31, 2026. The data provides a comprehensive view of the promoter group's equity structure in the target company.