Share pledge executed with NARCL under Master Restructuring Agreement
MCLEODRUSS · price
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McLeod Russel informed exchanges that promoter shares have been pledged to National Asset Reconstruction Company Limited (NARCL) under the Master Restructuring Agreement signed on 29 September 2026. An Unattested Agreement of Pledge of Shares was executed on 9 October 2026 between the company, Managing Director and Promoter Aditya Khaitan, promoter group member Kavita Khaitan, and NARCL. The pledge will be created through the depository system, with disclosures to follow under applicable laws.
Share pledge to NARCL signals ongoing debt restructuring with the bad bank; promoter shareholding is now encumbered as collateral for the restructuring.