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.

Ballarpur Industries Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 22, 2026. The company's statutory auditors, M/s. Batliboi & Purohit, issued a qualified opinion on the standalone financial statements and a disclaimer of opinion on the consolidated financial statements.

Standalone Financial Performance

For the financial year ended March 31, 2026, Ballarpur Industries reported a total income of ₹7,792.98 lakh, a decrease from ₹8,330.10 lakh in the previous year. The company’s total expenses for the year stood at ₹23,014.35 lakh, leading to a net loss of ₹13,466.75 lakh. In the previous year, the company had recorded a net loss of ₹6,675.70 lakh.

For the quarter ended March 31, 2026, the total income was ₹6,316.91 lakh, while total expenses amounted to ₹11,828.29 lakh, resulting in a net loss of ₹3,756.76 lakh for the quarter.

Audit Qualifications and Going Concern

The auditors issued a qualified opinion on the standalone financial results. The qualification arises because the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) have imposed fines on the company for delays in compliance with various regulations. The company has filed an Interlocutory Application before the National Company Law Tribunal (NCLT) seeking an exemption for these filings and has not made provisions for the potential penalties, stating that the loss and reserves are consequently understated and overstated respectively.

Despite the losses, the financial statements have been prepared on a going concern basis. The management believes that the new management, which took over control, has infused substantial funds to settle dues and revive operations. Commercial production from the factory reportedly started in December 2025.

Consolidated Results and Auditor’s Disclaimer

The auditors issued a disclaimer of opinion on the consolidated financial results. This was due to the inability to obtain sufficient appropriate audit evidence regarding certain subsidiaries and associates, including Avantha Agritech Limited and Mirabelle Trading Pte. Ltd., whose financial statements were not available. Additionally, the consolidated results include the group's share of profit from an associate based on provisional statements.

The consolidated financial results for the year ended March 31, 2026, reported a total income of ₹1,29,501.61 lakh and a net loss of ₹1,28,943.70 lakh for the year.

Other Board Decisions

Alongside the financial results, the Board appointed M/s. Todarwal & Todarwal LLP as the Internal Auditor of the company for the financial year 2026-2027. The company also disclosed that it had redeemed 4,468 secured redeemable non-convertible debentures aggregating to ₹4,468 lakh during the quarter ended March 31, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE294A01037/0fa316ec665340ec.pdf