MCLEOD RUSSEL INDIA LTD.

Mcleod Russel India Ltd has entered into a Memorandum of Understanding (MoU) for the disposal of assets of its Tarajulie Tea Estate in Assam. The sale, valued at ₹22,75,00,000 (exclusive of taxes and subject to due diligence), is part of a debt resolution plan with National Asset Reconstruction Company Limited (NARCL) acting through India Debt Resolution Company Limited (IDRCL). The tea estate contributed ₹1517 Lakhs, or 1.57%, to the company's turnover in FY26. The transaction is expected to be completed by October 31, 2026, pending necessary approvals, including shareholder consent under Section 180(1)(a) of the Companies Act, 2013. The buyer, Jaynath Tea Estate, is not a related party.

Mcleod Russel India Ltd announced that its Board of Directors, in a meeting held on August 14, 2026, has considered and approved the unaudited financial results for the quarter ended June 30, 2026. These results were prepared on both standalone and consolidated bases and have undergone a limited review by the company's statutory auditors, Lodha & Co. LLP. The disclosure also includes the Limited Review Report. The board meeting commenced at 2:15 PM and concluded at 4:50 PM. The company has also stated that the disclosure is hosted on its website. The auditor's report highlights potential issues regarding Inter Corporate Deposits and non-recognition of interest on loans, which may have understated the period's loss.

Mcleod Russel India Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item for this meeting is to consider and approve the unaudited financial results for the quarter ended June 30, 2026. These results will be presented on both standalone and consolidated bases. The company also reiterated that the trading window, closed since July 1, 2026, will remain shut for designated persons and their relatives until 48 hours after the financial results are declared, in compliance with SEBI regulations.

Mcleod Russel India Ltd has entered into a Memorandum of Understanding (MoU) for the disposal of assets of its Corramore Tea Estate in Assam. This move is part of a debt reduction strategy, with proceeds intended for part-payment of debt to National Asset Reconstruction Company Limited (NARCL) via India Debt Resolution Company Limited (IDRCL). The Corramore Tea Estate contributed 1.80% of the company's total turnover in FY26, amounting to ₹1,744.25 Lakhs. The transaction is valued at ₹26.16 Crores, subject to due diligence and necessary approvals, with an expected completion date of October 31, 2026. The buyer is Krishnabehari Tea Co Ltd, and the transaction is not considered a related party transaction.

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.