McLeod Russel India Falls 4.67% After ₹509 Crore Arbitral Award Against Promoters

Kolkata, October 10, 2025: Shares of McLeod Russel India Ltd (BSE: 532654, NSE: MCLEODRUSS) plunged nearly 4.67% to ₹51.80 as of 11:39 PM on Friday, as the company disclosed a major arbitration award ordering promoters and the firm to pay over ₹509 crore.

Founded in 1869 and headquartered in Kolkata, McLeod Russel India Ltd is one of the world’s largest tea producers, owning and managing tea estates across Assam, Dooars, and Africa. The company’s shares are listed on BSE, NSE, and CSE and are classified under the Tea & Coffee industry.

Arbitration Award Details

The Arbitral Tribunal of the International Chamber of Commerce issued a Final Award on September 29, 2025, concerning disputes arising from a 2017 Facility Agreement involving certain promoters of McLeod Russel. The company received a courtesy copy of the award on October 9, 2025.

According to the award, Real Touch Finance Ltd and IDBI Trusteeship Services Ltd (the claimants) are entitled to jointly and severally recover ₹508.96 crore from the company and other parties.

The tribunal also directed payment of US$564,600 and ₹20.23 lakh towards arbitration costs. McLeod Russel stated that it is reviewing the matter and evaluating its next steps to safeguard the company’s interests.

Market Reaction

McLeod Russel India Ltd shares were trading at ₹51.80, a 4.67% dip from October 10, 2025, at 11:39 PM IST. McLeod Russel India Ltd opened at ₹51.62 and touched an intraday high of ₹53.69 and a low of ₹51.62 so far. The company has a market capitalization of ₹541.08 crore. Its 52-week high and low are ₹54.51 and ₹26.28, respectively.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/011eb301-d70c-4ed8-8d43-3878e39bdb7f.pdf

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