Balkrishna Paper Mills Limited has informed the Exchange about General Updates;Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III of the said Regulations, we hereby inform you that the Company is disposing of machineries situated at our factory at Ambivali. Letter is attached.The further details of same as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are attached and marked as Annexure-1 to this letter.You are requested to take the above on your records.
BALKRISHNA · price
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Balkrishna Paper Mills is selling the machinery at its Ambivali factory to Symcom Exim Pvt Ltd for a total consideration of about Rs. 13.62 crore plus GST. An advance of Rs. 2.72 crore (20%) has already been received on March 12, 2026, with the deal signed on March 9, 2026 and expected to complete by September 8, 2026. The Ambivali unit contributed 96.35% of the company's revenue (Rs. 232.36 lakhs) in FY25, meaning the company is selling off its core operating asset. The company already has a negative net worth of Rs. (16,892.83) lakhs as of March 31, 2025. Shareholder approval for the disposal was obtained via postal ballot on February 13, 2025, and the buyer is unrelated to the promoter group, with the deal done at arm's length.
This is a major restructuring move — the company is selling off nearly all of its revenue-generating machinery, effectively winding down its core operations. The cash inflow of ~Rs. 13.6 crore is modest relative to the negative net worth, so this signals a significant shift in business activity rather than a value-accretive deal. Shareholders should expect a sharp drop in future revenue from operations and view this as a turnaround or exit-type event.