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

McLeod Russel has announced a board meeting on the approval of the financial results for the quarter and year ended March 31, 2025. The company reported a consolidated net loss of Rs. 197.87 Cr, narrowing from Rs. 311.59 Cr last year, while revenue increased to Rs. 1,185.41 Cr. Financial stress continues with large borrowings assigned to NARCL and Inter-Corporate Deposits of around Rs. 2,860 Cr to promoter-related entities unlikely to be recovered. Management is focused on debt restructuring, legal actions, and cost cuts. A senior management appointment was also made, signaling efforts toward turnaround.