Balrampur Chini Mills Limited announced the publication of its newspaper advertisement regarding the 50th Annual General Meeting (AGM) of its members. The meeting is scheduled to be held on Wednesday, September 16, 2026, at 4:00 pm through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

The Board of Directors declared an interim dividend of 350%, amounting to ₹3.50 per equity share of face value ₹1 each, during its meeting on November 11, 2025. This dividend was paid to shareholders on record as of November 17, 2025. The Board did not propose any final dividend for the financial year ended March 31, 2026. Consequently, the interim dividend paid during the year shall be treated as the final dividend.

Key Corporate Actions

Shareholder Participation and Voting

Members will have the opportunity to cast their votes remotely via an e-voting system provided by KFin Technologies Limited. The facility for electronic voting will also be available during the AGM. Members attending the AGM through VC/OAVM who have not already voted remotely can exercise their voting rights during the meeting. Login credentials for e-voting and VC participation will be sent via email. Members without registered email addresses can generate credentials following instructions in the AGM notice.

Special Window for Physical Share Transfers

Pursuant to a SEBI circular dated January 30, 2026, a special window has been opened for the transfer and dematerialisation of physical securities sold or purchased prior to April 1, 2019. This window also allows for the re-lodgement of transfer deeds that were previously rejected or returned due to deficiencies. The facility is available from February 5, 2026, until February 4, 2027. Securities re-lodged during this period will be issued only in demat mode.

What the Numbers Show

The decision to treat the interim dividend as the final dividend indicates that the company’s total payout for FY26 is capped at ₹3.50 per share. With no additional final dividend proposed, shareholders should note that the total return from dividends for the fiscal year remains fixed at this level, reflecting the Board’s capital allocation strategy for the period ending March 31, 2026.

Balrampur Chini Mills reported a consolidated net profit of ₹44.15 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 10.4% decline from ₹49.23 crore in the corresponding period of the previous year. The dip in profitability was primarily driven by seasonal compression in sugar margins during the non-crushing season and increased operational expenses linked to the ramp-up of its Poly Lactic Acid (PLA) project. Despite the profit contraction, revenue from operations grew by 6.13% to ₹1,636.79 crore, supported by higher realizations in the sugar segment and increased volumes in the distillery business.

The Board of Directors, meeting on August 11, 2026, approved the unaudited financial results and appointed Ms. Vartika Shukla (DIN: 08777885) as an Additional Director in the category of Non-Executive Independent Director. Her appointment is effective from August 11, 2026, for a term of five consecutive years until August 10, 2031, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The Board also approved the revised notice for the 50th AGM, scheduled for September 16, 2026, to be conducted via Video Conferencing or Other Audio-Visual Means.

Financial Performance Highlights

The standalone net profit for the quarter stood at ₹38.59 crore, down from ₹43.09 crore in Q1FY26. EBITDA decreased to ₹113.92 crore from ₹134.25 crore year-on-year, resulting in an EBITDA margin contraction to 6.96% from 8.70%. The revenue growth was broad-based, with the distillery segment contributing ₹53.96 crore, up from ₹46.15 crore in Q1FY26. The sugar segment generated ₹122.53 crore in revenue, though its pre-tax profit fell to ₹38.76 crore from ₹48.07 crore due to inventory adjustments and cost pressures.

The consolidated financial results include the company’s proportionate share in the net profit after tax, other comprehensive income, and total comprehensive income of its associate, Auxilo Finserve Private Limited. Additionally, the regional filing notes that the consolidated results also incorporate Visual Percept Solar Project Private Limited. Sugar being a seasonal industry, performance varies significantly from quarter to quarter, meaning quarterly results are not representative of annual performance.

Corporate Developments and Capital Raise

Ms. Vartika Shukla brings over 38 years of experience in engineering consultancy and project management, having previously served as Chairman and Managing Director of Engineers India Limited (EIL). She holds a B.Tech in Chemical Engineering from IIT Kanpur and a Certificate Programme in Management from IIM Lucknow. Her appointment follows recommendations from the Nomination and Remuneration Committee.

During the quarter, Balrampur Chini Mills issued and allotted 9,316,771 equity shares on a preferential basis at ₹483 per share, raising ₹45,000.00 lakh. Of this amount, ₹17,074.00 lakh was utilized towards the objects of the issue, while the balance of ₹27,926.00 lakh was temporarily invested in bank deposits and money market mutual funds. Additionally, the company completed the allotment of 199,907 equity shares arising from the exercise of Employee Stock Appreciation Rights (ESARs) on July 29, 2026.

What the Numbers Show

The divergence between stable revenue growth (+6.13%) and declining profitability highlights the seasonal nature of the sugar business, where margins typically compress during off-seasons. While higher sugar realizations provided some relief, the lack of price increases for ethanol under Juice & B-heavy routes compressed distillery margins. The significant rise in other expenses (₹115.11 crore vs ₹91.55 crore) was driven by fair value losses on forward contracts (₹6.99 crore) and interest rate swaps (₹4.57 crore). Meanwhile, the associate company, Auxilo Finserve Private Limited, contributed a share of profit of ₹6.49 crore to the consolidated bottom line.