NSEGeneral Updates15 Jul 2026 · 15 Jul 2026, 04:25 pm
General Updates
Mcleod Russel India Limited · MCLEODRUSS
✦ AI SummaryDebt Restruc.
Mcleod Russel India Limited has informed the Exchange about General Updates regarding the withdrawal of an application filed by National Asset Reconstruction Company Limited (NARCL) under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Company, due to the Sanction Letter dated 2nd April, 2026 and subsequent modifications issued by NARCL for debt restructuring.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Mcleod Russel India Limited has informed the Exchange about General Updates
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MCLEODRUSS_15072026162423_Letter.pdf
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15th July, 2026
The Secretary The Secretary The Secretary
BSE Ltd National Stock Exchange of The Calcutta Stock Exchange
P. J. Towers, 25th Floor India, Listing Dept. Limited
Dalal Street Exchange Plaza, 5th Fl. 7, Lyons Range
MUMBAI – 400 001 Plot No. C/1, G-Block KOLKATA – 700 001
Scrip Code: 532654 Bandra-Kurla Complex Scrip Code: 10023930
Bandra(E)
MUMBAI – 400 051
Scrip Code: MCLEODRUSS
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations 2015 (SEBI LODR, 2015)
In terms of Regulation 30 of SEBI LODR, 2015 and in continuation of earlier disclosure dated 28th August,
2024, we wish to inform that Financial Creditor, National Asset Reconstruction Company Limited
(‘NARCL’) (acting through its attorney India Debt Resolution Company Limited), being assignee of the debt
originally held by HDFC Bank Limited, which had earlier filed an application under Section 7 of the
Insolvency and Bankruptcy Code, 2016 before the Hon'ble National Company Law Tribunal (‘NCLT’),
Kolkata bench, against the Company in relation to an alleged default amount of approximately Rs.444.55
crores, has sought to withdraw the said application in view of the Sanction Letter dated 2nd April, 2026 and
the subsequent modifications thereof issued by NARCL to the Company, for restructuring of the debts of the
Company.
The Hon'ble NCLT, Kolkata bench, has accordingly dismissed the aforesaid application as withdrawn with
liberty to revive the same in case the restructuring process fails. The Company has received communication
of the same via e-mail on 14th July, 2026 from its Advocate. A certified copy of the order is awaited and, as
on the date of this disclosure, the order has not yet been uploaded on the official website of the Hon’ble
NCLT.
This is for your information and records.
Thanking you,
Yours faithfully,
For McLeod Russel India Limited
Alok Kumar Samant
Company Secretary
Registered Office:
McLEOD RUSSEL INDIA LIMITED
Corporate Identity Number (CIN): L51109WB1998PLC087076
4 MANGOE LANE, SURENDRA MOHAN GHOSH SARANI, KOLKATA - 700 001
Telephone: 033-2210-1221 | Fax: 91-33-2248-6265
E-mail: administrator@mcleodrussel.com | Website: www.mcleodrussel.com