Balkrishna Paper Mills FY26 net loss ₹651.63 lakh

Balkrishna Paper Mills has reported a net loss of ₹651.63 lakh for the financial year ended March 31, 2026, a sharp reversal from the net profit of ₹818.65 lakh recorded in the previous year. Revenue from operations for FY26 stood at ₹484.02 lakh, a significant increase from ₹241.16 lakh in FY25. The company's net worth remains negative at ₹17,544.16 lakh as of March 31, 2026, indicating material uncertainty about its ability to continue as a going concern.

Financial Performance

The audited financial results for the year ended March 31, 2026, reflect a challenging operational environment. Total income rose to ₹484.02 lakh from ₹241.16 lakh in the prior year, while total expenses increased to ₹1,172.60 lakh, driven by finance costs of ₹607.95 lakh. The net loss for the quarter ended March 31, 2026, was ₹275.74 lakh.

Parameter	Year Ended March 31, 2026 (Audited)	Year Ended March 31, 2025 (Audited)
Revenue from Operations	₹484.02 lakh	₹241.16 lakh
Total Income	₹484.02 lakh	₹241.16 lakh
Total Expenses	₹1,172.60 lakh	₹905.65 lakh
Net Profit/(Loss)	(₹651.63 lakh)	₹818.65 lakh
Basic EPS (Total)	(₹2.02)	₹2.63

Board Decisions and Appointments

The Board approved the re-appointment of M/s. K. M. Garg & Co., Chartered Accountants, as Internal Auditors for FY26-27. Shri Anuraag Poddar was re-appointed as Chairman and Managing Director for three years from February 11, 2027, to February 10, 2030, subject to shareholder approval. Shri Manish Malpani was re-appointed as Whole time Director & CFO for three years from December 9, 2026, to December 8, 2029. Prof. (Dr.) Mangesh D. Teli was re-appointed as a Non-Executive Independent Director for a second term of five years from December 9, 2026, to December 8, 2031, subject to shareholder approval.

Auditor's Report and Going Concern

Statutory auditors M/s D S M R & Co issued a qualified opinion, highlighting the negative net worth and the discontinuance of manufacturing activities at Ambivali. Management stated that the company is engaged in trading paper and paperboards and is confident in improving operations to generate future cash flows. The financial results were prepared on a going concern basis based on these assumptions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.27%	+2.23%	+1.35%	-10.38%	-10.21%	-29.74%

Anurag P. Poddar, promoter of balkrishna paper mills , has submitted a formal declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011, confirming that no encumbrance—direct or indirect—was created on the promoter group's shareholding during the financial year ended 31st March, 2026. The declaration, dated 3rd April, 2026, was addressed to BSE Limited, the National Stock Exchange of India Limited, and the Audit Committee of Balkrishna Paper Mills Limited.

Declaration Details

The declaration was made by Anurag P. Poddar on behalf of himself, the Promoter Group, and Persons Acting in Concert (PAC). It confirms that no encumbrance was created, either directly or indirectly, on the promoter shareholding during the financial year ended 31st March, 2026. The key details of the declaration are summarised below:

Parameter:	Details
Declarant:	Anurag P. Poddar
Declared On Behalf Of:	Promoter, Promoter Group, and Persons Acting in Concert (PAC)
Regulation:	Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011
Shares Covered:	1,93,15,802 Equity Shares
Promoter Shareholding (%):	59.95%
As On Date:	31st March, 2026
Declaration Date:	3rd April, 2026
Encumbrance Created:	None

Regulatory Compliance

The declaration is in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011, which mandates promoters and promoter groups to annually disclose whether any encumbrance has been created on their shareholding. The submission was made to both major stock exchanges—BSE Limited and the National Stock Exchange of India Limited—as well as to the Audit Committee of Balkrishna Paper Mills Limited, ensuring full regulatory transparency.

Summary

The promoter of Balkrishna Paper Mills Limited has confirmed that no encumbrance was created on 1,93,15,802 equity shares, constituting 59.95% of the company's shareholding, during the financial year ended 31st March, 2026. The declaration, submitted on 3rd April, 2026, fulfils the annual disclosure requirement under Regulation 31(4) of the SEBI Takeover Regulations and has been duly communicated to BSE Limited, the National Stock Exchange of India Limited, and the company's Audit Committee.