Burnpur Cement Limited has secured 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.

Profile of Appointee

Mr. Pawan Pareek brings over 36 years of experience in commercial, administrative, and accounts management. 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.

Burnpur Cement Limited equity shares will resume trading on the National Stock Exchange of India Limited and BSE Limited starting August 11, 2026, following the implementation of an 80% reduction in share capital. The listing approval covers 17,224,873 equity shares of ₹10 each, reflecting the final structure after consolidation under a resolution plan approved by the Hon'ble National Company Law Tribunal (NCLT) on October 30, 2024. This development marks a critical step in the company's corporate restructuring, allowing shareholders to trade their holdings in the post-reduction capital structure.

The company received formal trading approvals from both exchanges on August 7, 2026. The National Stock Exchange of India Limited issued notice number NSE/LIST/C/2026/0876, while BSE Limited issued notice number 20260807-26. These approvals were granted pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed these developments through its Company Secretary and Compliance Officer, Punam Kumari Sharma, intimating the exchanges to disseminate the information to market participants.

The capital reduction scheme significantly alters the company's equity base. The entire issued and paid-up equity share capital was reduced by 80% on a proportionate basis. Initially, the paid-up value of each equity share was reduced from ₹10 to ₹2. Subsequently, five equity shares of ₹2 each were consolidated into one equity share of ₹10 each, fully paid-up. Consequently, the issued, subscribed, and paid-up share capital decreased from ₹86,12,43,630 comprising 8,61,24,363 equity shares of ₹10 each to ₹17,22,48,730 comprising 1,72,24,873 equity shares of ₹10 each.

Trading conditions for the resumption include specific regulatory safeguards. The scrip will be placed in the Trade-for-Trade segment for 10 trading days, as per SEBI circulars CIR/MRD/DP/02/2012 dated January 20, 2012, and SEBI/HO/MRD-TPD1/CIR/P/2023/55 dated April 11, 2023. Additionally, the security will participate in the special pre-open session for IPO and other categories of scrips, in accordance with SEBI circulars CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012. Market participants are advised to exercise caution, as equity shares allotted in dematerialized mode have been credited under a temporary ISIN pending activation of the new ISIN INE817H01022.

The record date for giving effect to the reduction of share capital was fixed as January 30, 2025, as per Exchange Notice No. 20250124-47 dated January 24, 2025. The distinctive numbers for the new shares range from 1 to 17,224,873. There is no lock-in period applicable to these securities. The company has requested all stakeholders to note the new symbol and series details for future correspondence and compliance filings via the NSE Electronic Application Processing System (NEAPS).