Balrampur Chini Mills Limited and the Lucknow Cantonment Board formally launched the Bioyug Green Command 2026 on June 5, 2026, in Lucknow. The initiative aims to advance India's bioplastics ecosystem and demonstrate the role of sustainable materials in reducing plastic waste. The event marked the rollout of a collaboration between Balrampur Bioyug and the Lucknow Cantonment Board, following the signing of a landmark MoU and BCML's first institutional order for compostable PLA-based products earlier this year.

The launch took place in the presence of Shri Rajnath Singh, Hon'ble Defence Minister of India, who served as the Chief Guest. The programme included an exhibition showcasing the bioplastics value chain, keynote addresses, and the felicitation of meritorious ITI girl students. This recognition was part of the "Building Skills. Transforming Futures – Balrampur Bioyug Bioplastic 3D Printing Project," a women-focused initiative in Lakhimpur Kheri, Uttar Pradesh, led by the Balrampur Foundation in collaboration with Balrampur Bioyug and ITI Mohammadi.

Mr. Vivek Saraogi, Chairman & Managing Director of Balrampur Chini Mills Limited, emphasized that the transition to sustainable alternatives is an opportunity to build new industries and strengthen domestic manufacturing. Ms. Avantika Saraogi, Executive Director, highlighted that biomaterials empower farmers and strengthen an Atmanirbhar Bharat, noting that future materials will be cultivated through agriculture rather than mined.

The event featured two panel discussions: "Mandate to Market: Unlocking the Bioplastics Value Chain in Uttar Pradesh" and "From Mess to Mission: Bioplastics for Defence." These sessions explored policy support, manufacturing capabilities, and the role of sustainable materials in defence establishments. Over 2,000 stakeholders from government, industry, academia, and civil society participated in the dialogue.

Balrampur Chini Mills Limited is one of the largest integrated sugar companies in India, with ten sugar factories across Uttar Pradesh. The company has an aggregate crushing capacity of 80,000 TCD, distillery operations of 1050 KLPD, and power cogeneration capacity of 175.7 MW. BCML is currently setting up India's first Poly Lactic Acid (PLA) plant with a capacity of 80000 TPA.

Balrampur Chini Mills Limited has secured in-principle approval from the National Stock Exchange of India Limited and BSE Limited to issue up to 93,16,771 equity shares on a preferential basis. The shares, with a face value of Re. 1 each, will be issued at a price of ₹483 per share, comprising a premium of ₹482 per share. This issuance follows the company's Extra-Ordinary General Meeting (EGM) held on 20th May, 2026, where shareholders approved raising an aggregate amount of ₹450 Crores from promoters, the promoter group, and marquee investors.

Exchange Approvals and Conditions

The approvals were conveyed via letters from NSE (reference no. NSE/LIST/54897) and BSE (reference no. LOD/PREF/DA/FIP/292/2026-27) on 27th May, 2026. The grants are subject to the company fulfilling specific conditions, including filing a listing application immediately after allotment and obtaining all statutory approvals from authorities such as SEBI, RBI, and MCA. The exchanges have also mandated compliance with all applicable guidelines and the payment of applicable fees.

Monitoring and Compliance Directives

Both exchanges have advised the company to strengthen internal controls to monitor trades executed by proposed allottees. To avoid non-compliances with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the company must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell any shares until the allotment date. The responsibility for verifying this compliance rests solely with the issuer company. Any non-compliance observed post-allotment could impact the listing of the shares.

Shareholder Approval Details

The preferential allotment resolution was passed with 99.97% of votes in favour during the EGM. A total of 339 members participated, including remote e-voting. The breakdown of votes showed strong support across categories, with the Promoter and Promoter Group casting 100% of their votes in favour.

The company is required to make a formal application for listing within twenty days from the date of allotment, as per SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.