Mcleod Russel India Limited — Others, 14-08-2025: Change in Auditors

McLeod Russel India announced financial results for the quarter, reporting consolidated revenue of Rs. 215.76 Cr and a loss of Rs. 43.48 Cr. Auditors issued an adverse opinion, flagging significant concerns. These include Rs. 2,761.09 Cr in doubtful Inter-Corporate Deposits to promoter entities and unrecorded liabilities. A material uncertainty about the company's going concern status persists, despite ongoing debt restructuring efforts for Rs. 1,461.07 Cr. The Board also put forward a re-appointment for an Independent Director, a new Secretarial Auditor, and approved delisting from the Calcutta Stock Exchange, maintaining NSE and BSE listings.