Mcleod Russel India logo

Mcleod Russel India MD, chairman, board of directors and AGM

NSE: MCLEODRUSSBSE: 532654Agricultural Food & other ProductsSmall Cap

Last close ₹43.49down ₹1.38 (3.08%)BSE ₹43.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹44.87.

52-week range of traded prices to 23 Oct 2026
₹28.50Low, 30 Mar 2026₹78.41High, 29 May 2026
Market cap
₹454 Cr1,820th largest listed
P/E
Lossover the last 12 months
P/B
Net worth zero or below
Dividend yield
Nonein the last 12 months
ROE
Net worth zero or below
ROCE
−4.6%
Debt to equity
Net worth zero or below
Volume, NSE
4,89,63939.3% delivered

Mcleod Russel India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorAditya KhaitanRelated to the promoter
  • Company SecretaryALOK KUMAR SAMANT

6 directors4 independent2 executive

  • Aditya Khaitan · Chairperson and managing directorExecutive · joined Feb 2005 · reappointed May 2026 · 1 listed board · 1 committee seat
  • Pradip BharExecutive · joined Apr 2026 · 2 listed boards · 2 committee seats
  • Sanjay GinodiaIndependent · joined Nov 2022 · reappointed Nov 2022 · 43 months as independent · 2 listed boards · 2 as independent
  • Rupanjana DeIndependent · joined Dec 2022 · reappointed Dec 2025 · 42 months as independent · 3 listed boards · 3 as independent · 9 committee seats, 1 as chair
  • Indrajit SenguptaIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Amar Nath DharIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Amritanshu Khaitan, left 17 Mar 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20266 of 6 present4 independent · 13 days in between
    • 15 May 20266 of 6 present4 independent · 17 days in between
    • 27 Apr 20265 of 5 present4 independent · 18 days in between
    • 8 Apr 20265 of 5 present4 independent · 53 days in between
    1 earlier meeting
    • 13 Feb 20264 of 6 present3 independent

  • Audit Committee

    Chair Amar Nath Dhar

    Indrajit Sengupta, Rupanjana De, Aditya Khaitan

    • 29 May 20264 of 4 present3 independent · 31 days in between
    • 27 Apr 20264 of 4 present3 independent · 13 days in between
    • 13 Apr 20264 of 4 present3 independent · 58 days in between
    • 13 Feb 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Rupanjana De

    Sanjay Ginodia, Amar Nath Dhar

    • 27 Apr 20262 of 2 present2 independent

  • Stakeholders Relationship Committee

    Chair Indrajit Sengupta

    Rupanjana De, Amar Nath Dhar

    • 29 May 20263 of 3 present3 independent · 104 days in between
    • 13 Feb 20262 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Aditya Khaitan

    Sanjay Ginodia, Rupanjana De

    • 29 May 20262 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/S LODHA & CO. LLPPeer-review certificate valid to Mar 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Mcleod Russel India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Mcleod Russel India dividend history

Annual general meeting, 30 Sep 2026

60,231 shareholders on the register on 23 Sep 2026; present: 10 promoters and 92 others; votes counted by Mr. A. K. Labh / M/s. A. K. Labh & Co..The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026 together with the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    91.13% for8.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.55%

    Turnout: all 12.13% · promoters 98.42% · institutions 34.66% · other public 5.71%

  2. Adoption of Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026 together with the Report of the Auditors thereon
    Ordinary
    91.13% for8.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.55%

    Turnout: all 12.13% · promoters 98.42% · institutions 34.66% · other public 5.71%

  3. Re appointment of Mr. Pradip Bhar (DIN 01039198) as a Director of the Company liable to retire by rotation
    Ordinary
    91.08% for8.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.67%

    Turnout: all 12.13% · promoters 98.42% · institutions 34.66% · other public 5.71%

  4. Ratification of the remuneration of the Cost Auditors of the Company for the Financial Year ending 31st March 2027
    Ordinary
    91.13% for8.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 20.56%

    Turnout: all 12.13% · promoters 98.42% · institutions 34.66% · other public 5.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Jun 2026, 4 resolutions

61,400 shareholders on the register on 22 May 2026; votes counted by MR. ATUL KUMAR LABH / M/S A. K. LABH & CO..The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Aditya Khaitan (DIN: 00023788) as the Managing Director of the Company for a period of 3 (three) years with effect from 17th May, 2026.
    OrdinaryPromoters have an interest in it
    94.02% for5.98% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.46%

    Turnout: all 18.25% · promoters 98.11% · institutions 28.56% · other public 12.58%

  2. Payment of Remuneration to Mr. Aditya Khaitan (DIN: 00023788) as Managing Director of the Company for a period of 3 (three) years with effect from 17th May, 2026
    SpecialPromoters have an interest in it
    93.85% for6.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.73%

    Turnout: all 18.25% · promoters 98.11% · institutions 28.56% · other public 12.58%

  3. Appointment of Mr. Pradip Bhar (DIN: 01039198) as the Director of the Company
    Ordinary
    93.99% for6.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.51%

    Turnout: all 18.25% · promoters 98.11% · institutions 28.56% · other public 12.58%

  4. Appointment of Mr. Pradip Bhar (DIN: 01039198) as the Whole-Time Director of the Company for a period of 3 (three) years with effect from 27th April, 2026 and payment of remuneration thereof.
    Special
    93.99% for6.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.51%

    Turnout: all 18.25% · promoters 98.11% · institutions 28.56% · other public 12.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 8 resolutions

66,081 shareholders on the register on 19 Sep 2025; present: 14 promoters and 81 others; votes counted by MR. ATUL KUMAR LABH / M/S A. K. LABH & CO..The company's voting result (opens in a new tab)

  1. Consideration and Adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025 together with the reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    94.08% for5.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.94%

    Turnout: all 18.23% · promoters 98.57% · institutions 0.00% · other public 13.25%

  2. Consideration and Adoption of the Audited Consoldiated Financial Statements of the Company for the Financial Year ended 31st March 2025 together with the reports of the Auditors thereon
    Ordinary
    94.08% for5.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.94%

    Turnout: all 18.23% · promoters 98.57% · institutions 0.00% · other public 13.25%

  3. Re-appointment of Mr. Amritanshu Khaitan (DIN: 00213413) as a Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    93.84% for6.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.30%

    Turnout: all 18.23% · promoters 98.57% · institutions 0.00% · other public 13.25%

  4. Appointment of Secretarial Auditors of the Company
    Ordinary
    94.06% for5.94% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.97%

    Turnout: all 18.23% · promoters 98.57% · institutions 0.00% · other public 13.25%

  5. Re-appoitment of Ms. Rupanjana De as a Non - Executive Independent Director of the Company
    Special
    93.83% for6.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.32%

    Turnout: all 18.23% · promoters 98.57% · institutions 0.00% · other public 13.25%

  6. Increasing the Borrowing Powers under Section 180(1)(c)of the Companies Act 2013
    Special
    94.05% for5.95% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.98%

    Turnout: all 18.23% · promoters 98.57% · institutions 0.00% · other public 13.25%

  7. Creation of Charge on the Assets of the Company under Section 180(1)(a) of the Companies Act 2013
    Special
    94.05% for5.95% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.99%

    Turnout: all 18.23% · promoters 98.57% · institutions 0.00% · other public 13.25%

  8. Ratification of the remuneration payable to the Cost Auditors in respect of the financial year ending 31st March 2026
    Ordinary
    93.86% for6.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.28%

    Turnout: all 18.23% · promoters 98.57% · institutions 0.00% · other public 13.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 7 resolutions

Present: 14 promoters and 68 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2024 together with the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    88.49% for11.51% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.92%

    Turnout: all 19.41% · promoters 99.44% · institutions 0.00% · other public 14.58%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2024 together with the Report of the Auditors thereon
    Ordinary
    88.49% for11.51% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.92%

    Turnout: all 19.41% · promoters 99.44% · institutions 0.00% · other public 14.58%

  3. Re-appointment of Mr. Amritanshu Khaitan (DIN: 00213413), as a Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    87.90% for12.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.78%

    Turnout: all 19.41% · promoters 99.44% · institutions 0.00% · other public 14.58%

  4. Re-appointment of M/s. Lodha & Co. LLP, Chartered Accountants (Firm Registration No. 301051E/E300284) as the Statutory Auditors of the Company
    Ordinary
    88.32% for11.68% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.18%

    Turnout: all 19.41% · promoters 99.44% · institutions 0.00% · other public 14.58%

  5. Appointment of Mr. Indrajit Sengupta as a Non – Executive Independent Director of the Company
    Special
    87.91% for12.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.78%

    Turnout: all 19.41% · promoters 99.44% · institutions 0.00% · other public 14.58%

  6. Appointment of Mr. Amar Nath Dhar as a Non – Executive Independent Director of the Company
    Special
    87.98% for12.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.67%

    Turnout: all 19.41% · promoters 99.44% · institutions 0.00% · other public 14.58%

  7. Ratification of the remuneration payable to the Cost Auditors in respect of the financial year ending 31st March, 2025
    Ordinary
    88.16% for11.84% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.41%

    Turnout: all 19.41% · promoters 99.44% · institutions 0.00% · other public 14.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 4 resolutions

Present: 14 promoters and 86 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    90.10% for9.90% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.64%

    Turnout: all 22.78% · promoters 99.29% · institutions 2.40% · other public 17.91%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 together with the Report of the Auditors thereon
    Ordinary
    90.10% for9.90% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.63%

    Turnout: all 22.78% · promoters 99.29% · institutions 2.40% · other public 17.91%

  3. To appoint a Director in place of Mr. Amritanshu Khaitan (DIN: 00213413), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    89.69% for10.31% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.20%

    Turnout: all 22.78% · promoters 99.29% · institutions 2.40% · other public 17.91%

  4. Ratification of the remuneration payable to the Cost Auditors in respect of the financial year ending 31st March, 2024
    Special
    90.01% for9.99% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.75%

    Turnout: all 22.78% · promoters 99.29% · institutions 2.40% · other public 17.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Aug 2023, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Aditya Khaitan (DIN: 00023788) as Managing Director of the Company for a period of three years with effect from 17th May 2023
    OrdinaryPromoters have an interest in it
    84.05% for15.95% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.01%

    Turnout: all 22.61% · promoters 99.17% · institutions 2.43% · other public 17.73%

  2. Payment of Remuneration to Mr. Aditya Khaitan (DIN: 00023788) as Managing Director of the Company for a period of three years with effect from 17th May 2023
    OrdinaryPromoters have an interest in it
    84.04% for15.96% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.03%

    Turnout: all 22.60% · promoters 99.17% · institutions 2.43% · other public 17.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 31 Mar 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Rupanjana De (DIN: 01560140) as a Non - Executive Independent Director of the Company
    Special
    80.41% for19.59% against

    Against: promoters 0.00% · institutions 0.00% · other public 29.74%

    Turnout: all 11.79% · promoters 64.45% · institutions 0.00% · other public 8.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Jan 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Sanjay Ginodia (DIN: 07781746) as an Independent Director of the Company
    Special
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.86%

    Turnout: all 16.80% · promoters 99.44% · institutions 40.50% · other public 10.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputePrincipal Commissioner of Income Tax-2, KolkataSince 21 May 2026
    Next hearing on 05.10.2026
    At the filing before: Appeal admitted before the High court vide order dated 13.07.2026- AY 2020-21
  • Tax disputeUnion of India & OthersSince 16 Jun 2025
    Next hearing on 25.08.2026
    At the filing before: Case is pending before Calcutta High Court

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.