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

McLeod Russel India Limited's board has approved the financial results for the quarter ended June 30, 2025. The company reported a consolidated revenue of Rs. 215.76 crore and a net loss of Rs. 43.48 crore. The board proposed the re-appointment of an independent director and the appointment of secretarial auditors, both subject to shareholder approval. A key strategic move includes the approval for voluntary delisting of its shares from the Calcutta Stock Exchange, while shares will continue trading on BSE and NSE. Auditors highlighted material uncertainties regarding the company's ability to continue as a going concern due to unrecoverable inter-corporate deposits and outstanding liabilities, though management is optimistic about an ongoing debt resolution plan.