Latest news about McLeod Russel
McLeod Russel
54.20
-1.49(-2.68%)
Company Performance:
View Company Insights1D-2.68%
1M-14.91%
6M+30.70%
1Y+40.96%
5Y+67.28%
More news about McLeod Russel
29May 26
McLeod Russel seeks re-appointment of Managing Director Khaitan
McLeod Russel India Limited has published a postal ballot notice in newspapers seeking shareholder approval for the re-appointment of Aditya Khaitan as Managing Director and the appointment of Pradip Bhar as Whole-Time Director and CFO for three years. The resolutions include approval for remuneration exceeding Schedule V limits. Remote e-voting is available from May 29 to June 27, 2026, with the cut-off date for eligibility set for May 22, 2026. The company reported financial losses in FY 2023-24 and FY 2024-25 following a profit in FY 2022-23, attributing the performance to high finance costs and liquidity constraints.
17Apr 26
McLeod Russel India Limited Announces Special Window for Share Transfer and Dematerialisation
McLeod Russel India Limited announced a special window for re-lodgement of transfer requests and dematerialisation of physical shares through newspaper advertisements on April 17, 2026. The initiative follows SEBI Circular dated January 30, 2026, and has been communicated to BSE, NSE, and Calcutta Stock Exchange. Company Secretary Alok Kumar Samant signed the official communication, with information also available on the company website.
10Apr 26
McLeod Russel India Accepts NARCL Debt Restructuring Package Worth Rs.1,050 Crores
McLeod Russel India Limited has accepted a debt restructuring sanction letter from NARCL on April 9, 2026, requiring payment of Rs.1,050 crores sustainable debt by February 15, 2029. NARCL represents 75.02% of total lenders by value as of December 31, 2025, with discussions ongoing for the remaining 24.98%. The package includes NARCL receiving 10% new equity shares through unsustainable debt conversion and promoter shareholding pledge, subject to approvals.
10Apr 26
McLeod Russel India Limited Files Quarterly Compliance Certificate for Q4 FY26
McLeod Russel India Limited submitted its Q4 FY26 compliance certificate under SEBI Regulation 74(5) on 9th April 2026 to BSE, NSE, and Calcutta Stock Exchange. The company's registrar, Maheshwari Datamatics Pvt Ltd, confirmed proper submission of demat transfer registers and destruction of physical securities for the period from 1st January 2026 to 31st March 2026.
18Mar 26
McLeod Russel India Limited Announces Resignation of Non-Executive Director Amritanshu Khaitan
McLeod Russel India Limited has announced the resignation of Mr. Amritanshu Khaitan as Non-Executive Non-Independent Director effective March 17, 2026. The resignation was communicated to BSE, NSE, and Calcutta Stock Exchange with complete regulatory compliance under SEBI LODR 2015, including detailed annexures and the director's resignation letter clarifying his limited role and personal reasons for departure.
13Feb 26
McLeod Russel India Reports Q3FY26 Loss Amid Ongoing Financial Restructuring
McLeod Russel India Limited reported a net loss of ₹3,073 lakhs for Q3FY26, showing improvement from the ₹7,813 lakhs loss in Q3FY24, with revenue from operations increasing to ₹39,831 lakhs. The company continues facing financial distress with ₹2,76,109 lakhs in outstanding Inter-Corporate Deposits and total borrowings of ₹1,46,107 lakhs assigned to Asset Reconstruction Companies. Debt resolution plans with NARCL and other lenders remain under consideration as the company operates under going concern assumptions.
13Jan 26
McLeod Russel India Gets Relief as PDK Impex Withdraws ₹10.22 Crore Insolvency Application
McLeod Russel India Limited has received significant relief as PDK Impex Pvt Ltd withdrew its ₹10.22 crore insolvency application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT Kolkata bench dismissed the application as withdrawn, removing a major legal challenge for the tea company. The company informed stock exchanges about this positive development on January 13, 2026, under SEBI listing regulations.
17Nov 25
McLeod Russel India Faces Steep Decline in Q2 Financial Performance
McLeod Russel India, a major player in the Indian tea industry, has reported a significant downturn in its Q2 financial results. The company's consolidated net profit plummeted by 65.60% year-over-year to ₹290.60 million. Revenue decreased by 19.70% to ₹3.63 billion, while EBITDA fell by 37.70% to ₹985.00 million. The EBITDA margin contracted by 7.74 percentage points to 27.14%. These results indicate substantial challenges for the company in the current market environment.
30Oct 25
Carbon Resources Acquires 5.03% Stake in McLeod Russel India
Carbon Resources Private Limited has acquired a 5.03% stake in McLeod Russel (India) Limited, one of India's leading tea producers. The transaction, which took place on September 16, 2022, involved the purchase of 52,50,000 equity shares through open market transactions. This marks Carbon Resources' entry into McLeod Russel's shareholding structure, as they previously held no shares in the company. Carbon Resources is not part of McLeod Russel's promoter group, suggesting this is a strategic investment. McLeod Russel's shares are listed on both BSE Limited and the National Stock Exchange of India Limited.
08Aug 25
McLeod Russel India to Consider Q1 Results and Delisting from Calcutta Stock Exchange
McLeod Russel India Limited has scheduled a board meeting for August 14, 2025, in Kolkata. The agenda includes reviewing unaudited financial results for Q1 ending June 30, 2025, and considering voluntary delisting from the Calcutta Stock Exchange. The company will maintain listings on BSE and NSE. A trading window closure for insiders is in effect from July 1, 2025, until 48 hours post-results publication.
16Mar 25
McLeod Russel India's ₹1,104 Crore Debt Transferred to NARCL at 36% Discount
McLeod Russel India Limited's debt of ₹1,104.69 crore has been transferred to the National Asset Reconstruction Company Limited (NARCL) by a consortium of lenders. The transfer occurred at a 36% discount, with NARCL acquiring the debt for ₹700 crore. The deal structure involves a 15:85 cash-to-security receipts ratio with a 5-year repayment tenure. This move is expected to simplify McLeod Russel's debt management, provide financial relief, and potentially facilitate a business turnaround for the tea industry player.
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