Mcleod Russel India Reports Sharp Decline in Q2 Financial Performance

Mcleod Russel India's Q2 consolidated net profit dropped significantly to 290.6 million rupees from 845.4 million rupees year-over-year, while revenue fell to 3.63 billion rupees from 4.52 billion rupees. The company's EBITDA declined to 985 million rupees from 1.58 billion rupees, with EBITDA margin contracting to 27.14% from 34.88% in the same period last year.

McLeod Russel India Reports Net Loss of Rs 2,908 Lakhs for Q2 FY26 Amid Ongoing Financial Distress

McLeod Russel India Limited posted a net loss of Rs 2,908 lakhs for the quarter ended September 30, 2025, with revenue from operations at Rs 35,288 lakhs, while facing severe financial stress and ongoing debt resolution processes. The company's auditors issued an adverse opinion citing material uncertainties about going concern assumptions, unrecoverable inter-corporate deposits of Rs 2,86,050 lakhs, and pending resolution plans with NARCL and other lenders.

Carbon Resources Acquires 5.03% Stake in McLeod Russel India

Carbon Resources Private Limited acquired 52,50,000 equity shares of McLeod Russel (India) Limited through open market transactions on September 16, 2022. The acquisition represents 5.03% of McLeod Russel's total share capital of 10,44,55,735 equity shares. Carbon Resources is not part of McLeod Russel's promoter group. Prior to this transaction, Carbon Resources held no shares in the tea company. McLeod Russel's shares are listed on BSE Limited and National Stock Exchange of India Limited.

McLeod Russel India Limited Announces Leadership Changes at 27th Annual General Meeting

McLeod Russel India Limited shareholders approved multiple appointments at their 27th Annual General Meeting held on September 26, 2025. The company re-appointed Mr. Amritanshu Khaitan as Director liable to retire by rotation, who brings experience in management, production, marketing and corporate finance from a family with interests in Tea, Batteries and Engineering. Mr. Khaitan is the nephew of Managing Director Mr. Aditya Khaitan. The meeting also approved the appointment of M/s A.K. Labh & Co as Secretarial Auditors for five consecutive years until the 32nd AGM in 2030. Additionally, Ms. Rupanjana De was re-appointed as Non-Executive Independent Director for a second three-year term from December 30, 2025 to December 29, 2028. Ms. De is a Fellow Member of the Institute of Company Secretaries of India with expertise in Corporate Governance, Legal Compliance and Corporate Social Responsibility.