Balkrishna Paper Mills resubmits audit impact statement for FY25
Balkrishna Paper Mills Limited resubmitted its Statement on Impact of Audit Qualifications for FY25 to the NSE, revealing a negative net worth of Rs.16892.83 Lakhs. The auditor flagged a material uncertainty regarding the company's status as a going concern following the discontinuance of manufacturing at Ambivali. Adjusted financial figures were deemed unascertainable.
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Balkrishna Paper Mills Limited has resubmitted its Statement on Impact of Audit Qualifications for the quarter and year ended March 31, 2025, to the National Stock Exchange of India Limited. The filing confirms that the company's net worth stands at a negative of Rs.16892.83 Lakhs as of March 31, 2025, indicating a material uncertainty that may cast significant doubt on its ability to continue as a going concern. The resubmission was in response to an NSE query dated June 25, 2026, and a reminder dated June 28, 2026, regarding the financial results submitted on May 29, 2025.
The statement, signed by the Chairman & Managing Director, CFO, Audit Committee Chairman, and Statutory Auditor, notes that adjusted figures are unascertainable and therefore not provided. The auditor, D S M R & Co, drew attention to the discontinuance of the manufacturing activity of paper and paperboard situated at Ambivali. This situation, coupled with the negative net worth, forms the basis of the going concern qualification.
The company's ability to continue as a going concern is dependent on the generation of expected cash flows to meet its obligations as they arise. The financial statements were prepared on a going concern basis based on the reasons and assumptions stated in the notes to the financial results. The disclosure was submitted under Regulation 33 of the SEBI (LODR) (Amendment) Regulations, 2016.
Key Financial Disclosures
The following table outlines the particulars for which audited figures were reported, while adjusted figures remained unascertainable.
| Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (Unaudited figures after adjusting for qualifications) |
|---|---|---|
| Turnover / Total income | Unascertainable | |
| Total Expenditure | ||
| Net Profit/(Loss) | ||
| Earnings Per Share | ||
| Total Assets | ||
| Total Liabilities | ||
| Net Worth | ||
| Any other financial item(s) |
The document was signed by Shailendra Singh Rathore, Partner of D S M R & Co, on May 29, 2025. The company's signatories included Anurag P. Poddar, Chairman & Managing Director; Manish Omkarmal Malpani, CFO; and Dileep Himmatrao Shinde, Audit Committee Chairman. The resubmission was formally communicated by Omprakash Singh, Company Secretary and Compliance Officer, on June 29, 2026.
Historical Stock Returns for Balkrishna Paper Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.74% | -3.01% | +0.28% | +0.56% | -18.01% | +21.01% |
What specific turnaround strategies or capital infusion plans does management intend to implement to address the negative net worth of Rs. 16,892.83 Lakhs?
With the discontinuance of manufacturing at Ambivali, does the company plan to divest the related assets to generate immediate liquidity?
Given the auditor's inability to ascertain adjusted figures, what is the expected timeline for resolving the accounting uncertainties?
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