Burnpur Cement Limited (BSE: 532931; NSE: BURNPUR) reported a net loss of ₹7,922.98 lakh for the financial year ended March 31, 2026, widening significantly from the ₹4,245.70 lakh loss recorded in FY25.

The cement manufacturer generated zero revenue during the period as it has remained non-operational since November 2023, following the sale of its entire Patratu plant assets to Ultratech Cement Limited under the SARFAESI Act.

Financial Performance

Total expenses rose to ₹7,923.86 lakh in FY26 compared to ₹6,825.82 lakh in the previous year. This increase was driven primarily by higher finance costs and employee benefit expenses, while operating costs such as power and fuel remained at nil due to the cessation of production activities.

What the Numbers Show

Finance costs accounted for approximately 97% of total expenses in FY26, highlighting that the company's financial deterioration is driven almost entirely by debt servicing obligations rather than operational inefficiencies. With no revenue stream to offset these liabilities, the negative cash flow from operations stands at ₹5.72 lakh, further eroding the company's already negative equity position.

Balance Sheet & Governance

As on March 31, 2026, total borrowings stood at ₹56,297.45 lakh, an increase from ₹48,382.01 lakh in FY25. The majority of this debt is owed to UV Asset Reconstruction Company Limited (UVARCL), which holds 100% of the secured financial debt. Cash and cash equivalents decreased to ₹77.95 lakh from ₹86.99 lakh in the prior year.

The Board did not recommend any dividend for FY26. Trading in the company's shares remains suspended on both stock exchanges pending regulatory approvals for the capital reduction scheme approved by the NCLT.

Burnpur Cement Limited has secured final approval from its managing creditor, UV Asset Reconstruction Company Limited (ARC), for the redesignation of Mr. Pawan Pareek as Whole Time Director and Chief Financial Officer. The appointment is valid for a period of two years, commencing on May 18, 2026.

The decision follows a change in management structure orchestrated by UV ARC under Section 9(1)(a) read with Sections 15 and 16 of the SARFAESI Act, 2002. Mr. Pareek, who was originally appointed as Executive Director on October 1, 2019, and subsequently re-appointed as Executive Director on September 19, 2024, will now assume the dual role of Whole Time Director and CFO.

Regulatory Compliance and Approval

The company notified the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

UV ARC confirmed that the continuation of Mr. Pareek’s tenure aligns with RBI Master Directions and internal ARC policies. The ARC cited his qualifications, experience, and commitment to the company’s objectives as key factors in the decision. The confirmation letter was issued on August 17, 2026, by Gurpreet Kaur, Executive cum Whole Time Director of UV ARC.

Profile of Appointee

Mr. Pawan Pareek brings over 36 years of experience in commercial, administrative, and accounts management. He is a Commerce Graduate, aged about 56 years. His professional background includes:

• 14 years with Shri Badrinarayan Alloys & Steel Limited and group, serving as Accounts Manager and later Director.
• Two years as Commercial Manager with Shyam Metalicks Ltd.
• Extensive experience in liaising with various government bodies.

The company confirmed that Mr. Pareek has no disclosed relationships with other directors and is not debarred from holding office by any SEBI order or other authority.

The Board of Directors had initially redesignated Mr. Pareek during its meeting held on May 18, 2026, subject to the ARC’s final confirmation, which was issued on August 17, 2026.