Balkrishna Paper Mills Ltd's board of directors has approved significant strategic decisions during their meeting held on April 10, 2026, including entry into the real estate sector and securing substantial funding through inter-corporate deposits. The company has disclosed these developments under Regulation 30 of the SEBI Listing Regulations.

Real Estate Business Diversification

The board has approved the commencement of real estate development and allied activities, which falls under the authorized business activities in sub-clause 3 of Clause III(A) of the company's Memorandum of Association. This strategic move represents a significant diversification from the company's traditional paper manufacturing operations.

Inter-Corporate Deposit Arrangements

The board has approved availing inter-corporate deposits (ICDs) from two related parties, subject to shareholder approval. These arrangements will provide the company with necessary funding for its operations and new business ventures.

Transaction Terms and Conditions

Both inter-corporate deposit arrangements share identical terms and conditions. The transactions are structured as arm's length deals within the ordinary course of business. Key features include:

• Interest Payment: Annual basis or at full repayment, whichever is earlier
• Prepayment: Subject to mutual consent of both parties
• Disbursement: Available in one or more tranches as required
• Extension: Repayment schedule can be extended by mutual agreement

Financial Context and Materiality

The company disclosed that it has incurred losses in the preceding three years and currently has negative net worth. The ICD amounts exceed 10% of annual turnover, classifying these as material related party transactions requiring shareholder approval.

Fund Utilization Strategy

The inter-corporate deposits will serve multiple purposes for Balkrishna Paper Mills:

• Meeting working capital requirements for daily business operations
• Debt repayment obligations
• Funding the newly approved real estate development business
• Supporting overall business expansion initiatives

The board meeting, which commenced at 6:25 PM and concluded at 7:00 PM, represents a pivotal moment in the company's strategic evolution as it ventures into real estate development while securing necessary funding through related party arrangements.

Balkrishna Paper Mills Limited has announced the disposal of machineries at its Ambivali factory in compliance with SEBI (LODR) Regulations, 2015. The company filed the disclosure on March 14, 2026, providing comprehensive details of the transaction to stock exchanges.

Transaction Overview

The machinery disposal represents a significant transaction for the company, with detailed financial implications outlined in the regulatory filing.

Financial Impact and Company Performance

The Ambivali factory operations contributed significantly to the company's overall performance during the year ended March 31, 2025. The unit generated substantial revenue representing a major portion of the company's total operations.

Transaction Details and Compliance

The disposal transaction has been structured to ensure full regulatory compliance and transparency. The company has confirmed that the buyer, Symcom Exim Pvt Ltd, has no relationship with the promoter group, directors, or key management personnel of Balkrishna Paper Mills Limited.

Key compliance aspects include:

• The transaction does not fall within related party transactions
• The sale is conducted on an arm's length basis
• The disposal is outside any scheme of arrangement
• Necessary shareholder approval obtained through postal ballot on February 13, 2025

Regulatory Framework

The announcement was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, following the guidelines specified in SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure was signed by Omprakash Singh, Company Secretary and Compliance Officer, ensuring proper authorization and documentation.

The transaction represents a strategic decision by the company to dispose of machinery assets at its Ambivali location, with the financial proceeds potentially supporting the company's operational requirements and strategic initiatives.