Banganga Paper Industries Ltd

Secretarial Auditor Appointment

• Appointment of Kalpana Srinivasan, Practising Company Secretary, as Secretarial Auditor for FY2025-26.
• Effective w.e.f. August 22, 2026 to fill casual vacancy from Ritika Agarwal.
• Term: FY2025-26 up to the ensuing AGM.
• Reason: to fill casual vacancy due to Ritika Agarwal's resignation.
• Profile: Associate member of ICSI; Membership A6105; COP 19503; experience in corporate laws.
• Disclosure: No relationships with other directors.

Secretarial Auditor resignation

• Resignation of Ritika Agarwal, Practicing Company Secretary, as Secretarial Auditor.
• Effective 21 August 2026; cessation from secretarial auditor role.
• Reason: resignation; no longer associated as the secretarial auditor.
• Brief profile: Practicing Company Secretary.
• Disclosure of relationships with directors: NA.

Standalone results

• Standalone Q1 FY27: Total income ₹41.87 lakh; PAT ₹12.12 lakh; EPS ₹0.004.

Consolidated results

• Consolidated Q1 FY27: revenue from operations ₹5,303.83 lakh; total income ₹5,328.24 lakh.
• PAT attributable to owners ₹200.45 lakh; total comprehensive income ₹254.05 lakh.
• Consolidated EPS: Basic ₹0.082; Diluted ₹0.028.
• Exceptional item: disposal of Banganga Paper Mills Ltd; ₹178.43 lakh loss recognized.
• Dividend: Board did not recommend any dividend for Q1 2026.

Meeting Details

• Board meeting scheduled for 14 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window remains closed until 48 hours after the unaudited results declaration for quarter ended 30 June 2026.

Dematerialisation processing and listing

• Securities received for dematerialisation were mutilated and cancelled; depository name updated within 15 days.
• Dematerialised securities have been listed on the exchanges where the earlier issued securities were listed.

Pledge encumbrance on promoter shares

• Target: Asgard Alcobev Limited.
• Disclosing party: Ronak Jain (Promoter) with PAC Sarita Jain (Promoter group).
• Transaction type: Creation of pledge on 50,00,000 shares.
• Ronak Jain: 9,89,73,483 VR (31.77%); encumbrance 2,00,00,000 (6.42%).
• PAC Sarita Jain: 3,21,40,772 VR (10.32%).
• Priyanka Jain: 2,04,81,944 VR (6.57%).
• K K Impex & Trading Private Limited: 1,51,72,413 VR (4.87%).
• Total pre-holdings: 20,87,68,612 shares (59.95%).
• Encumbrance created: 50,00,000 shares (1.60%).
• Post-holding Ronak Jain: 9,39,73,483 VR (30.16%); encumbrance 2,50,00,000 (8.02%).
• Post-holding PAC Sarita Jain: 3,21,40,772 VR (10.32%).
• Post-holding Priyanka Jain: 2,04,81,944 VR (6.57%).
• Post-holding K K Impex & Trading Private Limited: 1,51,72,413 VR (4.87%).
• Total post-holdings: 20,87,68,612 shares (59.95%); diluted 62.59%.
• Date: 03/07/2026.
• Share capital before: Rs.31,15,32,917; after: Rs.33,35,32,917.
• Total diluted share capital after: Rs.33,35,32,917.
• Promoter group status: Yes.
• Mode: Pledge / encumbrance.

Encumbrance on promoter shares

• Creation date: 01/07/2026; pledge on 50,00,000 shares by Ronak Jain.
• Encumbrance: pledge in favour of International Financial Services Ltd.
• Promoter holding before encumbrance: 11,89,73,483 shares (38.19%).
• Post-creation encumbered shares: 2,50,00,000 shares (8.02%).
• End-use: collateral for MIDC loan repayment.
• Promoter holding after event remains 11,89,73,483 shares (38.19%).

Encumbrance creation

• Asgard Alcobev Limited: pledge created on promoter shares.
• Ronak Jain pledged 2,00,00,000 shares, or 6.42% of share capital.
• Pledge was created on 03/06/2026 in favour of Kotak Mahindra Bank Ltd.
• Purpose: collateral securities against loan taken by CMJ Breweries Private Limited.
• Ronak Jain held 11,89,73,483 shares, or 38.19%, before the pledge.
• Post-event encumbered holding became 2,00,00,000 shares, or 6.42%.

Meeting Details

• Board meeting scheduled for 28 May 2026.

Key Agenda Items

• Approve audited financial results for the fourth quarter ended 31 March 2026.

Other Notes

• Trading window remains closed until 48 hours after audited results announcement.