Balkrishna Paper Mills Limited has informed the Exchange regarding Board meeting held on August 13, 2025:We wish to inform you that the Board of Directors of the Company in their meeting held on the 13th August, 2025, have interalia approved the following:1. Un-audited Financial Results of the Company for the quarter ended 30th June, 2025. Pursuant to the Regulation 33 of SEBI (LODR) Regulations, 2015, we are enclosing herewith duly signed results for the quarter ended 30th June, 2025, alongwith Independent Auditors Report issued by Statutory Auditors, M/s D S M R & Co, Chartered Accountants (Firm Registration No.128085W) and Statement on Impact of Audit Qualifications (for Limited Review report with modified opinion) submitted along-with Unaudited Financial Result for quarter ended as on 30th June, 2025.2. Adoption of New Memorandum of Association. In Line with the requirement of Companies Act, 2013, Board of Directors approved adoption of new set of Memorandum of Association of the Company including insertion of new sub-clauses under The Objects to be perused by the Company on its incorporation are: and Matters which are necessary for furtherance of the Objects , subject to approval of Members in ensuing Annual General Meeting.The Meeting of the Board of Directors commenced at 3.30 P.M. and concluded at 6.00 P.M.Kindly take the above on record and acknowledge.
BALKRISHNA · price
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Awaiting price reaction for this filing.
Balkrishna Paper Mills reported Q1 FY26 (quarter ended June 30, 2025) unaudited results, with revenue from continuing operations falling to ₹111.59 lakhs from ₹167.02 lakhs a year ago, a drop of roughly one-third. The company posted a loss after tax of about ₹51.46 lakhs for the quarter, though losses narrowed compared to the prior-year period. The Board also approved a new Memorandum of Association for shareholder approval. Critically, the statutory auditor M/s DSMR & Co issued a qualified conclusion, flagging that the company's net worth is deeply negative at ₹(17,069.16) lakhs as of June 30, 2025. Combined with the earlier decision to discontinue paper manufacturing at Ambivali, this creates a material uncertainty about the company's ability to continue as a going concern. The company, however, maintains it can improve sales and generate future cash flows to sustain operations.
This is a significant red flag for shareholders — negative net worth, a qualified audit opinion, and an explicit going concern warning suggest serious financial distress. The stock may face sharp negative reaction and investors should weigh the risk of further dilution or restructuring. The new MOA adoption appears routine and is subject to AGM approval.