Mcleod Russel India Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

McLEOD RUSSEL has announced a board meeting on May 29, 2025, approving the consolidated financial results for the quarter and year ended March 31, 2025. The company reported a net loss of Rs. 197.87 Cr, improving from Rs. 311.59 Cr last year, on revenues of Rs. 1,185.41 Cr. Crop losses from adverse weather and ongoing financial stress continue to impact operations. Doubts remain over Rs. 286.05 Cr outstanding Inter-Corporate Deposits to promoter group entities. Debt resolution talks with NARCL are ongoing, with restructuring plans expected to stabilize finances. Udupi Ramprasad joins as General Manager from July 1.