Balkrishna Paper Mills Ltd

Balkrishna Paper Mills Ltd has announced the closure of its trading window for directors, designated persons, and their immediate relatives. This closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. The trading window will be shut from July 1, 2026, and will reopen 48 hours after the company communicates its financial results for the quarter ending June 30, 2026, to the stock exchanges. This measure is standard practice to prevent potential insider trading before the public disclosure of financial information.

Balkrishna Paper Mills Ltd held an Extra-Ordinary General Meeting (EGM) for its Preference Shareholders on June 19, 2026. The shareholders unanimously approved the 'Scheme of Reduction of Share Capital' via a special resolution, subject to NCLT approval. The meeting, which commenced at 3:00 PM and concluded at 3:30 PM, saw all preference shareholders voting electronically in favor of the resolution. The company submitted the summary of proceedings, voting results, and the scrutinizer's report as per SEBI (LODR) Regulations, 2015. The voting results and scrutinizer's report will be available on the company's website.

Balkrishna Paper Mills Ltd's board approved the audited financial results for the quarter and year ended March 31, 2026. The board also approved the re-appointment of internal auditors and key managerial personnel, including the Chairman and Managing Director, Whole Time Director & CFO, and a Non-Executive Independent Director. These re-appointments are subject to member approval at the upcoming AGM.

Balkrishna Paper Mills Ltd. has released its audited financial results for the quarter and year ended March 31, 2026. The board of directors approved these results in their meeting held on May 22, 2026. Additionally, the board approved the re-appointment of internal auditors and key managerial personnel, subject to member approval at the upcoming AGM.

Balkrishna Paper Mills Ltd announced audited financial results for the year ended March 31, 2026. The board approved the reappointment of Shri Anuraag Poddar as Chairman and Managing Director, Shri Manish Malpani as Whole Time Director & CFO, and Prof. (Dr.) Mangesh D. Teli as a Non-Executive Independent Director. Additionally, M/s. K. M. Garg & Co., Chartered Accountants, were re-appointed as Internal Auditors for FY 2026-27. The meeting was held on May 22, 2026.

Balkrishna Paper Mills Ltd has scheduled a Board of Directors meeting on May 22, 2026, to consider and approve the audited financial results for the quarter/year ended March 31, 2026. The trading window closure period commenced on April 1, 2026, and will end 48 hours after the results are made public. Notice of the meeting is available on the company's website and stock exchange websites.

Balkrishna Paper Mills Ltd's proposed Scheme of Reduction of Share Capital, aimed at writing off accumulated losses against share capital, has been returned by BSE and NSE. The exchanges stated that the scheme falls under Regulation 37(6)(b) of SEBI (LODR) Regulations, which exempts such schemes from requiring their observation letter/approval. This regulation applies to schemes solely providing for writing off accumulated losses against share capital uniformly across all shareholders on a pro rata basis. The reduction of unlisted Non-Convertible Redeemable Preference Shares (NCRPS) is also outside SEBI's purview. The scheme still requires approvals from the National Company Law Tribunal (NCLT) and the company's shareholders.

Balkrishna Paper Mills Ltd's Board of Directors has approved two significant initiatives: commencing the business of real estate development and allied activities, and availing Inter Corporate Deposits (ICDs) totaling up to ₹100 Crore from related parties. The real estate venture aims for strategic diversification and optimal utilization of existing land assets. The ICDs, from S P Finance and Trading Limited and Sanchna Trading and Finance Limited, will provide up to ₹25 Crore each for FY2026-27 and FY2027-28. These funds, subject to shareholder approval, are intended for working capital, debt repayment, and supporting the new real estate business, with an interest rate of up to 12% and a one-year repayment schedule.

Balkrishna Paper Mills Ltd's Board of Directors has approved a significant strategic shift and funding plan. 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 estimated investment for this new venture will be determined based on project feasibility. Additionally, the Board approved availing 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. This includes 50 Crore for FY2026-27 and another 50 Crore for FY2027-28, in one or more tranches. These unsecured ICDs, subject to shareholder approval, will carry an interest rate of up to 12% and are intended to meet working capital requirements, repay debts, and fund the new real estate development business.

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.