Balrampur Chini Mills Ltd

ESAR 2023 allotment

• Executive Committee approves allotment of 1,30,382 equity shares to employees under ESAR 2023.
• Date of issue: 24 August 2026; par value ₹1; total issued shares 21,15,97,496.
• ISIN INE119A01028; exercise price ₹386.60 for 1,21,954 shares and ₹593.25 for 8,428 shares.

AGM access and AR availability

• 50th AGM scheduled for 16 September 2026 at 04:00 PM IST via VC/OAVM.
• Integrated Annual Report 2025-26 and AGM Notice online; paths and QR codes provided.
• Notice also published on BSE and NSE websites.

E-voting details

• Cut-off date to determine e-voting entitlement: 9 September 2026.
• E-voting starts 13 September 2026 at 10:00 IST and ends 15 September 2026 at 17:00 IST.
• Notice dispatched electronically to registered shareholders.

KYC updates and physical share transfers

• KYC updation reminder under SEBI circular; update PAN, address, mobile, bank details, and nominees.
• Special window for re-lodgement of physical share transfers: Feb 5, 2026 to Feb 4, 2027.
• Post-window transfers to be dematerialised; consult RTA or Company for queries.

Overview

• Standalone BRSR for FY2025-26, part of the Integrated Annual Report.
• Main activities: sugar manufacturing (10 plants in UP), ethanol, and bagasse-based power.
• Revenue mix: 65.37% sugar, 26.29% ethanol, 2.93% co-generated power.
• Reporting boundary: standalone; SGS India assurance.

Key ESG Risks & Opportunities

• GHG emissions risk; decarbonisation roadmap targets carbon neutrality by 2047 and net zero by 2055.
• Water risk; reuse, recycling, rainwater harvesting, condensate recovery, and ZLD compliance.
• Energy management: renewables exceed 99% of total energy use.
• Climate change threats to cane crops; climate-smart farming and Balram App guidance.
• Circular economy and waste: ISO 14001 EMS; PLA project; EPR compliance.
• Supply chain risk: cane supply variability; farmer engagement and soil health programs.
• OHS risks: HIRA, ISO 45001; LTIFR 0.43; worker fatalities.

Governance & Policy Highlights

• Board oversight of ESG; Environmental, Social and Governance Committee governs sustainability matters.
• Policies include Anti-Bribery, Vigil Mechanism, Whistleblower, Human Rights, POSH, Code of Conduct.
• Policies translated into procedures; coverage includes value chain and certifications.
• No material fines in FY2025-26; external reviews by SGS Core and CARE Analytics.

Social Responsibility & Workforce

• Total workforce: 9,505 (1,621 employees and 7,884 workers).
• Board female representation: 42.86%; Key Management Personnel: 20% female.
• LTIFR: 0.43; injuries—employees 1, workers 8; fatalities—workers 3.
• 100% health and accident insurance coverage; maternity benefits; no day-care facilities.
• CSR programs span five areas with tens of thousands served: Education, Rural Development, Healthcare, Livelihood, Environment.

Environmental Performance

• Scope 1 emissions 3,757 tCO2e; Scope 2 emissions 1,189 tCO2e; total 4,946 tCO2e.
• Renewables account for over 99% of total energy use.
• Groundwater withdrawal 2.16 million kl; total water withdrawal 2.16 million kl; ZLD practiced at distilleries.
• Total waste ~115,458 t; major streams include non-hazardous and construction/demolition waste.
• ISO 14001 and ISO 45001 certifications; Bonsucro certification ongoing for certain units; PLA facility under development.

Stakeholder Engagement & Complaints

• Key stakeholder groups: government/regulators, shareholders, employees, vendors, customers, communities.
• Engagement channels: regulatory filings, AGM, investor meetings, Cane personnel interactions.
• Shareholders: 5 complaints filed; 0 pending; Customers: 9 complaints filed; 0 pending.
• Whistleblower, POSH and Internal Complaints Committee frameworks in place for grievance redressal.

Other Notable Metrics

• Inputs from MSMEs: 97% of key inputs; 100% sourced within India.
• Export turnover: 0.58% of total turnover.
• No data breaches; cyber security policy and privacy policy available.
• LCA: cradle-to-grave assessments for Sugar and Ethanol; results disclosed in Integrated Annual Report.
• PLA facility progression; Bonsucro certification in Rauzagaon unit; Kumbhi Bonsucro in progress.

Financial highlights

• Revenue from operations: 627114.65 Lakhs
• Net profit after tax: 37846.34 Lakhs
• Basic EPS: 18.74; Diluted EPS: 18.59
• Net cash from operating activities: 59947.26 Lakhs
• Interim dividend: ₹3.50 per share; gross dividend: 7,068.27 Lakhs

PLA project & capex

• PLA capex revised to ₹3,080 crore
• PLA capacity: 80,000 tpa; commissioning in H2 FY26-27
• Funding includes ₹450 crore via preferential issue
• PLA commitments remaining: 98,376.11 Lakhs

Financial Performance

• Q1 FY27 started on a stable note; revenues up across Sugar and Distillery.
• Higher sugar realizations supported profitability despite higher cane costs.
• First quarter off-season; profitability impacted by inventory carrying costs.
• Sugar inventory as of June 30: 45.67 lakh quintals.
• Average carrying cost: INR 37.19 per kg.
• 80,000-tonne PLA plant on track; INR 2,180 crore spent by end of July.
• Product development, trials, and market engagement progressing.

Operations and Projects

• Sugarcane crushing and production increased due to better cane availability.
• PLA project progress: construction, civil work, equipment arrivals.
• Pricing and product development progress in PLA trials.
• Integrated business model supports value from cane and diversification.

PLA and Packaging Opportunity

• Gutka/pan masala packaging shift towards PLA; trials positive; 2–3 months.
• PLA packaging could absorb a large opportunity; paper alternative exists but PLA viable.
• PLA costs competitive; banned goods packaging also uses PLA.
• Large, unquantified PLA opportunity; reliable data unavailable.
• PLA packaging cost-competitive versus aluminium; trials ongoing.

Q&A Highlights

• Distillery margins resilient; transfer pricing rose; quarter-specific due to feedstock mix.
• Commissioning: lactic plant in Oct; PLA plant in Dec.
• Expect 40% average PLA capacity utilization Jan–Mar; target higher.
• Sugar price trajectory up; potential cane price hike; mixed near-term effects.
• International sugar view: Brazil around 40 million tonnes; EU deficit 1–2 million.
• Cane sowing good; yields look better; regionally variable.
• El Niño narrative not as alarming; markets price risk, not alarm.
• Mid-to-long-term PLA outlook; 100% utilization possible with time.
• Internally all evidence gathered looks positive on marketing and production fronts.

Meeting details

• Date: 12 August 2026.
• Type/Mode: earnings conference call; mode not specified.
• Event/organiser: Earnings Conference Call; organiser: Balrampur Chini Mills Ltd.
• Time: not disclosed.

Participants

• Key company participants: not disclosed in filing.

Purpose

• Purpose: discuss Q1 FY27 results during earnings call.

Availability

• Audio recording uploaded on the company website.

Issue Overview

• Type: Preferential allotment of equity shares.
• Issue size: INR 450 crore; no revision or undersubscription indicated.
• Main objectives: PLA machinery, gypsum plant, and General Corporate Purposes.

Utilisation of Proceeds

• Utilisation aligned with offer document; management undertaking and auditor certificate confirm.
• Deviations: none observed.
• PLA: 60.74 utilised of 230; ongoing.
• Gypsum Processing: no utilisation reported; balance 110.
• GCP: 110 utilised; balance 0.
• Unutilised funds: 279.26 parked in FDs and monitoring accounts.
• Monitoring arrangements: separate monitoring bank account established.
• Unutilised deployments: Axis Bank FD 110; PNB FDs total 150; SBI Overnight Fund 19.26; monitoring balance 0.
• Delay status: PLA and Gypsum ongoing; GCP completed.

Governance and Compliance

• Approvals related to object(s) obtained.
• Audit Committee and Board considered MA on 11 August 2026.
• No material favorable or unfavorable events reported.
• No deviations observed vs earlier MA reports.

GCP

• GCP utilised 110 crore for repayment of WCDL.