McLeod Russel India Limited has scheduled its 28th Annual General Meeting for Wednesday, September 30, 2026. The company announced the date in a filing with stock exchanges on September 3, 2026.

The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). It is scheduled to begin at 11:30 am IST.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in the newspapers Financial Express (English) and Aajkaal (Bengali) on September 3, 2026.

The company cited compliance with General Circular Nos. 14/2020, 17/2020, and 20/2020 issued by the Ministry of Corporate Affairs. It also referenced the latest General Circular No. 03/2025 dated September 22, 2025.

Meeting Details

Shareholders can access copies of the newspaper publications on the company’s website. The Company Secretary, Alok Kumar Samant, signed the disclosure.

McLeod Russel India Limited approved the disposal of its Tarajulie Tea Estate assets for ₹22.75 crore on August 28, 2026. The transaction is part of a debt restructuring plan sanctioned by the National Asset Reconstruction Company Limited (NARCL) acting through India Debt Resolution Company Limited (IDRCL).

The Company’s Tea Estates Committee authorized the execution of a Memorandum of Understanding (MoU) with Jaynath Tea Estate. The buyer, registered in Tinsukia, Assam, is not related to the promoter group or any group companies. The deal is subject to due diligence and necessary statutory approvals.

Transaction Details

The proposed sale aims to facilitate part-payment of debt as per the sanction letter dated April 2, 2026. The definitive agreement for sale is expected to be executed by October 31, 2026.

The consideration amount is exclusive of applicable taxes and outstanding statutory dues. Adjustments will be made for the value of current assets and current liabilities as on the date of the definitive agreement.

Financial Impact

The Tarajulie Tea Estate contributed ₹1,517 lakh to the Company’s turnover in FY26, representing 1.57% of total revenue. The disposal does not constitute a related-party transaction.

What the Numbers Show

The estate’s contribution of 1.57% to total turnover indicates limited revenue exposure from this specific asset. The disposal primarily serves a balance sheet objective—debt reduction via NARCL restructuring—rather than a significant shift in operational revenue streams.

Regulatory Approvals

McLeod Russel is seeking shareholder approval in compliance with Regulation 37A of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and Section 180(1)(a) of the Companies Act, 2013. The transaction falls outside any Scheme of Arrangement.