MCLEOD RUSSEL INDIA LTD.

Mcleod Russel India Ltd has announced that the National Company Law Tribunal (NCLT), Kolkata Bench, has uploaded its order dated July 20, 2026. The order pertains to the withdrawal of the application filed by National Asset Reconstruction Company Limited (NARCL) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The withdrawal was agreed upon by both parties, with liberty granted to revive the petition if restructuring arrangements do not conclude as per agreed terms. The NCLT dismissed the Company Petition (CP) and related interlocutory applications as withdrawn.

Mcleod Russel India Ltd has announced the voluntary delisting of its equity shares from The Calcutta Stock Exchange (CSE) with effect from July 17, 2026. The delisting follows the approval granted by CSE vide its notice dated July 16, 2026. The company's shares will continue to be listed and traded on BSE Limited and National Stock Exchange of India Limited. This delisting from CSE is not expected to impact shareholders as their holdings remain actively traded on the major exchanges.

Mcleod Russel India Ltd has announced that National Asset Reconstruction Company Limited (NARCL), acting as the financial creditor, has sought withdrawal of its application filed under the Insolvency and Bankruptcy Code, 2016. The application, filed against an alleged default of approximately ₹444.55 crores, was withdrawn due to a sanctioned debt restructuring plan by NARCL. The National Company Law Tribunal (NCLT), Kolkata bench, has dismissed the application as withdrawn, with liberty to revive if the restructuring fails. The company received this communication on July 14, 2026.

Mcleod Russel India Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut from July 1, 2026, until 48 hours after the declaration of the company's unaudited financial results (standalone and consolidated) for the quarter ending June 30, 2026. This measure is standard practice to prevent potential insider trading during the sensitive period leading up to financial result announcements.

Mcleod Russel India Ltd's board meeting on May 29, 2026, approved audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. The board also approved the re-appointment of cost and internal auditors for the financial year 2026-2027. The statutory auditors, M/s Lodha & Co LLP, issued a modified opinion on the audited financial results. The meeting commenced at 3:15 PM and concluded at 9:20 PM.

Mcleod Russel India Ltd's audited standalone financial results for the quarter and year ended March 31, 2026, have been approved with a modified opinion from the statutory auditors, Mis Lodha & Co LLP. The auditors expressed an adverse opinion, citing concerns over the recoverability of Inter Corporate Deposits (ICDs) and non-recognition of interest on loans and ICDs. The board also approved the re-appointment of cost and internal auditors for the financial year 2026-2027.

Mcleod Russel India Ltd's board reappointed M/s Mani & Co., Mis SPKAssociates, and Mis DGM & Associates as Cost Auditors, and M/s B. M. Chatrath & Co. LLP and Mis V Singhi & Associates as Internal Auditors for FY 2026-2027. The board also approved audited financial results for the year ended March 31, 2026, with a modified opinion from Statutory Auditors Mis Lodha & Co LLP, citing concerns over Inter Corporate Deposits and non-recognition of interest on loans.

Mcleod Russel India Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026, on both standalone and consolidated bases. The trading window, which has been closed since April 1, 2026, will remain closed until 48 hours after the declaration of the results.

Mcleod Russel India Ltd. has announced the Key Managerial Personnel (KMPs) authorized to determine the materiality of events and make disclosures to the Stock Exchange(s) under Regulation 30(5) of the SEBI (Listing Obligations and Requirements) Regulations 2015, effective from May 15, 2026. Mr. Aditya Khaitan (Managing Director) and Mr. Pradip Bhar (Whole-Time Director & Chief Financial Officer) are authorized to determine materiality. Mr. Aditya Khaitan, Mr. Pradip Bhar, and Mr. Alok Kumar Samant (Company Secretary) are authorized to make disclosures.

Mcleod Russel India Ltd's board approved a One-Time Settlement (OTS) of ₹150 crores with J.C. Flowers Asset Reconstruction Private Limited (JCF ARC) to settle outstanding dues, representing approximately 20.58% of the total institutional loan as of December 31, 2025. The settlement is payable in tranches by June 30, 2027. The company had previously obtained a sanction letter from National Asset Reconstruction Company Ltd (NARCL) representing approximately 75.02% for debt restructuring. The board also approved the re-appointment of Mr. Aditya Khaitan as Managing Director for three years and the execution of a Memorandum of Understanding (MoU) for the proposed disposal of assets of Mathura Tea Estates for part-payment of debt.