Latest news about Balkrishna Paper Mills
Balkrishna Paper Mills
18.03
-0.32(-1.74%)
Company Performance:
View Company Insights1D-1.74%
1M+0.28%
6M+0.56%
1Y-18.01%
5Y+21.01%
More news about Balkrishna Paper Mills
19May 26
Balkrishna Paper Mills Promoter Declares No Encumbrance on Shareholding for FY26 Under SEBI Takeover Regulations
Anurag P. Poddar, promoter of Balkrishna Paper Mills Limited, has declared under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 that no encumbrance was created on the promoter group's shareholding during the financial year ended 31st March, 2026. The declaration covers 1,93,15,802 equity shares representing 59.95% of the company's total shareholding as on 31st March, 2026. The disclosure, dated 3rd April, 2026, was submitted to BSE Limited, the National Stock Exchange of India Limited, and the Audit Committee of Balkrishna Paper Mills Limited.
22Apr 26
Balkrishna Paper Mills Receives Return Letters from BSE and NSE on Share Capital Reduction Scheme
Balkrishna Paper Mills Limited received return letters from BSE and NSE dated April 13, 2026, regarding its proposed share capital reduction scheme. The exchanges returned the draft scheme citing non-applicability of Regulation 37 due to a December 13, 2024 amendment that exempts schemes involving writing off accumulated losses against share capital on a pro rata basis. The scheme remains subject to NCLT and shareholder approvals despite the exchange returns.
17Apr 26
Balkrishna Paper Mills confirms non-applicability of Large Corporate framework under SEBI regulations
Balkrishna Paper Mills Limited has disclosed to BSE and NSE that it does not qualify as a Large Corporate under SEBI's framework per the October 19, 2023 circular. The company reported outstanding long-term borrowing of Rs. 32.50 crores as of March 31, 2026, confirming it does not meet the Large Corporate applicability criteria. The disclosure was officially signed by Company Secretary Omparakash Singh and CFO Manish Malpani on April 17, 2026.
11Apr 26
Balkrishna Paper Mills Board Approves Real Estate Business Entry and Rs. 50 Crore Inter-Corporate Deposits
Balkrishna Paper Mills Ltd's board has approved strategic diversification into real estate development and allied activities, along with securing Rs. 50 crore inter-corporate deposits from two group companies - S P Finance and Trading Limited and Sanchna Trading and Finance Limited. The deposits, structured at up to 12% interest rate with one-year repayment terms, will fund working capital requirements, debt repayment, and the new real estate business venture.
14Mar 26
Balkrishna Paper Mills Announces Disposal of Ambivali Factory Machinery for Rs. 13.62 Crore
Balkrishna Paper Mills Limited announced disposal of Ambivali factory machineries for Rs. 13,61,80,000 plus GST to Symcom Exim Pvt Ltd. The company received Rs. 2,72,36,000 as 20% advance payment, with transaction completion expected by March 9, 2026. The disposed unit contributed 96.35% of company's revenue totaling Rs. 232.36 lakhs for FY2025, with necessary shareholder approvals obtained through postal ballot.
09Feb 26
Balkrishna Paper Mills Reports Q3FY26 Financial Results with Mixed Performance
Balkrishna Paper Mills Limited reported Q3FY26 results with revenue of ₹172.58 lakhs, up from ₹67.03 lakhs in Q3FY25, but continued losses from operations at ₹201.70 lakhs. Nine-month revenue reached ₹388.75 lakhs compared to ₹172.64 lakhs previously. The company showed improvement in discontinued operations losses and maintained its equity capital structure.
23Dec 25
Balkrishna Paper Mills Board Approves Share Capital Reduction Scheme
Balkrishna Paper Mills Limited's board has approved a scheme of reduction of share capital to address accumulated losses of ₹278.39 crores. The restructuring involves reducing equity share face value from ₹10 to ₹1 per share while maintaining the same number of shares, and cancelling the entire ₹110 crores preference share capital. The scheme requires multiple regulatory approvals including shareholder consent through postal ballot, stock exchange permissions, SEBI clearance, and National Company Law Tribunal approval.
15Nov 25
Balkrishna Paper Mills Reports Cybersecurity Incident, Operations Unaffected
Balkrishna Paper Mills experienced a cybersecurity incident impacting some IT assets. The company's technical team promptly responded, isolating affected assets. Operations remain unaffected, with business activities continuing normally. The incident is under examination, and appropriate actions are being taken. Omprakash Singh, Company Secretary and Compliance Officer, assured that necessary precautions and procedures were initiated.
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