McLeod Russel India Limited has received significant relief as a financial creditor has withdrawn its insolvency application against the company. The tea major informed stock exchanges on January 13, 2026, about this positive development under Regulation 30 of SEBI listing regulations.

Insolvency Application Withdrawal

PDK Impex Pvt Ltd, which had filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against McLeod Russel India Limited, has withdrawn the said application. The National Company Law Tribunal (NCLT) Kolkata bench has accordingly dismissed the application as withdrawn.

Legal Proceedings Update

The company received confirmation of this development through communication from its advocate. However, the formal order copy has not yet been uploaded on the NCLT website. This withdrawal represents a significant relief for McLeod Russel India Limited, as insolvency proceedings under the Insolvency and Bankruptcy Code can have serious implications for companies.

Regulatory Compliance

McLeod Russel India Limited has fulfilled its disclosure obligations by promptly informing all relevant stock exchanges about this material development. The company sent formal intimations to:

• BSE Limited (Scrip Code: 532654)
• National Stock Exchange of India Ltd (Scrip Code: MCLEODRUSS)
• The Calcutta Stock Exchange Limited (Scrip Code: 10023930)

Company Background

McLeod Russel India Limited operates from its registered office at Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata. The company, with CIN L51109WB1998PLC087076, is a prominent player in the tea industry. This resolution of the insolvency application removes a significant legal overhang and provides the company with relief from potential bankruptcy proceedings that could have impacted its operations and stakeholder interests.

McLeod Russel India , a prominent player in the Indian tea industry, has reported a significant downturn in its financial performance for the second quarter of the fiscal year. The company's consolidated results show a sharp decline across key financial metrics, reflecting challenging market conditions.

Financial Highlights

Key Takeaways

Profit Plunge

McLeod Russel India's consolidated net profit for Q2 dropped dramatically by 65.60% year-over-year, falling from ₹845.40 million to ₹290.60 million.

Revenue Decline

The company experienced a substantial decrease in revenue, which fell by 19.70% to ₹3.63 billion from ₹4.52 billion in the same quarter last year.

EBITDA Contraction

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a significant reduction of 37.70%, declining to ₹985.00 million from ₹1.58 billion.

Margin Pressure

The EBITDA margin contracted by 7.74 percentage points, dropping to 27.14% from 34.88% in the corresponding period of the previous year.

The steep decline across all major financial indicators suggests that McLeod Russel India is facing considerable challenges in the current market environment. The substantial drop in revenue and profitability may be attributed to various factors affecting the tea industry, such as fluctuating demand, pricing pressures, or increased operational costs.

Investors and market analysts will likely be closely monitoring the company's strategic responses to these financial headwinds in the coming quarters. The management's ability to navigate these challenges and implement effective measures to improve performance will be crucial for the company's future outlook in the competitive tea market.

As the tea industry continues to evolve, McLeod Russel India's performance in subsequent quarters will be pivotal in determining its ability to regain financial stability and growth momentum.