Balkrishna Paper Mills Ltd

Financial results & going concern

• Board approves unaudited Q1 FY26 results for quarter ended 30 June 2026.
• Net worth negative Rs 17,723.83 Lakhs as of 30 June 2026.
• Ambivali plant manufacturing activity discontinued.
• Going concern depends on generation of expected cash flows.
• Auditor's review did not express an audit opinion.
• Extract to be published in newspapers; results on BPML, BSE and NSE websites.
• Board meeting held on 12 August 2026; 3:00 PM to 6:00 PM.

Meeting Details

• Date: 12 August 2026; time not disclosed; venue: Registered Office, Mumbai.

Key Agenda Items

• To consider and approve the unaudited financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closure from 1 July 2026 until 48 hours after results on 12 August 2026.

Dematerialisation processing and listing status

• Securities received for dematerialisation were confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled.
• Depository's name substituted as registered owner within prescribed timelines.
• Certificate confirming processing issued by the registrar.

Resolutions and outcomes

• Resolution 1 (Special): Scheme to reduce equity capital from Rs 32.22 Cr to Rs 3.22 Cr; 90% cancellation.
• Resolution 2 (Ordinary): Related party transactions with Futuristic Concepts Media LLP approved; promoter's vote not counted.
• Resolution 3 (Ordinary): Related party transactions with S P Finance and Trading Limited approved.
• Resolution 4 (Ordinary): Related party transactions with Sanchna Trading and Finance Limited approved.

Scheme overview

• Proposed reduction of share capital between the company and its shareholders.
• Includes writing off accumulated losses against share capital and reduction of unlisted NCRPS.

Purpose

• To eliminate accumulated losses and clean up the capital structure.
• To reduce promoter-held unlisted NCRPS as part of restructuring.

Key terms

• Scheme is a capital reduction, not a merger or demerger.
• Board had approved the scheme earlier, subject to approvals.
• Scheme remains subject to shareholder and NCLT approvals.

Financial impact

• Accumulated losses would be written off against share capital pro rata.
• Unlisted NCRPS issued to promoters would also be reduced.

Stakeholder impact

• All shareholders are affected uniformly on a pro rata basis.
• No impact on listed securities from the NCRPS reduction.

Status

• Stock exchanges returned the draft scheme for non-applicability of the review route.
• The scheme is still pending statutory approvals.