Audited Financial Results as on 31st March 2026 Reappointment of Directors Refer attached file
BALKRISHNA · price
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Balkrishna Paper Mills Ltd reported audited financial results for FY 2025-26 with revenue of Rs. 473.22 lakhs, doubling from Rs. 232.36 lakhs in the previous year. However, the company posted a net loss of Rs. 688.58 lakhs from continuing operations. The company's net worth stands at a negative Rs. 17,544.16 lakhs, raising serious concerns about its financial health. The statutory auditor M/s D S M R & Co issued a qualified opinion citing material uncertainty about the company's ability to continue as a going concern. This is because the company discontinued its paper manufacturing operations at Ambivali in November 2024. The Board approved reappointment of three key directors: Shri Anuraag Poddar as Chairman & Managing Director, Shri Manish Malpani as Whole-time Director & CFO, and Prof. (Dr.) Mangesh D. Teli as Non-Executive Independent Director for second term, all subject to shareholder approval at the ensuing AGM.
The stock faces significant risk due to negative net worth and auditor's qualified opinion on going concern. Revenue growth is positive but massive losses and discontinued operations indicate underlying business challenges. Director reappointments provide continuity but do not address fundamental financial distress.