Ballarpur Industries Limited has scheduled its 81st Annual General Meeting for September 25, 2026, at 11:30 A.M. through video conferencing, marking a key milestone in its post-insolvency revival.

AGM and Key Business Items

The AGM will be held virtually, with the registered office at 602, Boston House, 6th Floor, Suren Road, Andheri East, Mumbai, deemed as the venue. The book closure period runs from September 18, 2026 to September 25, 2026, both days inclusive. Shareholders on record as of September 18, 2026 will be eligible to vote.

The following items are proposed for consideration at the AGM:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026
• Re-appointment of Mr. Parashiva Murthy B S (DIN: 00011584) as Non-Executive Director, retiring by rotation
• Approval of sale/disposal of non-core assets including land parcels in Telangana, Odisha, Gujarat, and Haryana
• Approval of material related party transactions with Mr. Hardik Bharat Patel up to ₹200 crore
• Approval of material related party transactions with Finquest Financial Solutions Private Limited up to ₹50 crore
• Ratification of remuneration of ₹11,000 to M/s Bahadur Murao & Co., Cost Auditors, for FY 2026-27

Operational Revival and Financial Performance

The company resumed commercial production on December 1, 2025, following the successful implementation of the resolution plan approved by the Hon'ble National Company Law Tribunal (NCLT), Mumbai, on March 31, 2023. Finquest Financial Solutions Private Limited acquired majority shareholding on June 12, 2023.

The consolidated financial performance for the financial year ended March 31, 2026 is summarised below:

On a standalone basis (Rs. in Lakh), revenue from operations rose to 7,697.08 in FY 2026 from 1,857.96 in FY 2025. The standalone loss after tax stood at (13,446.75) lakh in FY 2026 compared to (6,675.70) lakh in FY 2025. No dividend has been recommended for the financial year ended March 31, 2026.

Key Financial Ratios

Significant changes in key financial ratios for FY 2025-26 compared to FY 2024-25 are noted below:

The company commenced commercial production from December 1, 2025, and higher operating costs during the initial phase of operations contributed to significant fluctuations in these ratios.

Board Composition and Corporate Governance

As on March 31, 2026, the Board comprised Mr. Hardik Bharat Patel as Chairman & Whole Time Director, Mr. Alok Prakash as Whole Time Director & CEO, Mr. Parashiva Murthy B S as Non-Executive Director, and three Non-Executive Independent Directors including Ms. Shweta Jain. The Board met seven times during FY 2025-26.

The statutory auditors M/s Batliboi & Purohit, Chartered Accountants (Firm Registration No. 101048W), issued a qualified opinion on the standalone financial statements and a disclaimer of opinion on the consolidated financial statements for the year ended March 31, 2026. The secretarial audit report by M/s Viral Sanghavi & Associates did not contain any qualification, reservation or adverse remark.

Workforce and Human Resources

The company had 794 employees as on March 31, 2026, all deployed at the Shree Gopal Unit in Yamunanagar, Haryana. The breakdown is as follows:

The median remuneration of employees reduced by 21.61% in FY 2025-26 compared to FY 2024-25. No increase in remuneration was made to directors, the CFO, or the company secretary for FY 2025-26.

Ballarpur Industries Limited has corrected the face value of the Non-Convertible Debentures (NCDs) approved by its board on July 14, 2026. The company clarified that the face value is ₹1 lakh per NCD, not ₹1 crore as previously stated, while the total issue size remains ₹100 crore. The issuance of 10,000 listed, rated, unsecured NCDs on a private placement basis was approved during the meeting held on July 14, 2026.

Revised NCD Issue Details

The corrigendum rectifies the specific details regarding the instrument's structure. The aggregate issue size of ₹100 crore is unchanged, but it will now be achieved through a higher volume of smaller denomination debentures. The debentures will be issued in one or more tranches and listed on BSE Limited and/or National Stock Exchange of India Limited.

Regulatory Context

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The correction addresses an inadvertent error in the prior intimation dated July 9, 2026, and the subsequent disclosure on July 14, 2026. Hardik Bharat Patel, Chairman & Whole Time Director, signed the regulatory filing confirming the revised figures.