29-Sept-2026 18:34:03

MCLEOD RUSSEL INDIA LIMITED : DEBT RESTRUCTURING AGREEMENT SIGNED

• McLeod Russel India Limited has entered into a Master Restructuring Agreement (MRA) with National Asset Reconstruction Company Limited (NARCL) and Mr. Aditya Khaitan. • The agreement aims at restructuring the company's outstanding debt. • Total outstanding debt is ₹2,483.31 Crore, comprising sustainable debt of ₹1,050 Crore and unsustainable debt of ₹1,433.31 Crore. • Key terms include repayment of sustainable debt by FY2029, establishment of a monitoring committee, allotment of 10% equity shares with anti-dilution protection, pledge of promoter shareholding, and the right to appoint a Nominee Director. • Mr. Aditya Khaitan is a promoter of the company and holds 17,272 equity shares.

Mcleod Russel India Ltd

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