Balkrishna Paper Mills Reports Cybersecurity Incident, Operations Unaffected

Balkrishna Paper Mills has reported a cybersecurity incident that impacted some of its IT assets. The company, however, assures that its operations remain unaffected by this event.

Incident Details

According to an official statement released by the company:

• The cybersecurity incident affected some IT assets within the organization.
• The company's technical team promptly responded to the situation and isolated the impacted assets.
• The incident did not disrupt Balkrishna Paper Mills' ongoing operations.

Company's Response

Balkrishna Paper Mills has taken the following steps in response to the incident:

• The technical team initiated necessary precautions and procedures immediately upon discovery.
• The company is currently examining the matter in detail.
• Appropriate actions are being taken to address and resolve the security breach.

Management Statement

Omprakash Singh, Company Secretary and Compliance Officer of Balkrishna Paper Mills, stated, "We would like to assure you that the technical team of the Company responded promptly and initiated necessary precautions and procedures. The Company is examining the matter and appropriate actions are being taken to address the incident."

Impact on Business

Despite the cybersecurity incident, Balkrishna Paper Mills has confirmed that:

• There is no impact on the company's day-to-day operations.
• Business activities continue to function normally.

Investor Considerations

While the company maintains that operations are unaffected, investors and stakeholders should note:

• The full extent of the breach and its potential long-term implications are still under investigation.
• The company's proactive disclosure and swift response demonstrate a commitment to transparency and security.

Balkrishna Paper Mills continues to monitor the situation closely and has promised to provide updates as necessary. The company's management remains focused on maintaining normal business operations while addressing this cybersecurity challenge.

Investors and stakeholders are advised to stay tuned for any further announcements from the company regarding this incident and its resolution.