Balkrishna Paper Mills to enter real estate; secures ₹100 Cr ICDs

Balkrishna Paper Mills Ltd's Board of Directors has approved two significant initiatives. Firstly, the company will commence the business of real estate development and allied activities, aiming for strategic diversification, optimal utilization of existing land assets, and long-term shareholder value creation. The investment amount for this new venture will be determined based on project feasibility and market conditions. Secondly, the company plans to avail Inter Corporate Deposits (ICDs) totaling up to ₹100 Crore from two related parties, S P Finance and Trading Limited and Sanchna Trading and Finance Limited. Each party will provide up to ₹25 Crore for FY2026-27 and another ₹25 Crore for FY2027-28. These unsecured ICDs will carry an interest rate of up to 12% and have a one-year repayment schedule, subject to shareholder approval. The funds are intended to meet working capital requirements, day-to-day business activities, debt repayment, and support the new real estate development business.