Board approves scheme to cut share capital against accumulated losses

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

BALKRISHNA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹18.40

prior close

₹18.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-0.2% vs market

Paper & Paper Products peers, median of 35sector-0.3%-0.5% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.5 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

+0.5

15m

+0.5

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.5-0.2-0.3-0.5

Next day

+1.8-1.1+2.8-0.8+2.6

+0.4-1.8+2.3-1.8+2.2

+0.7-1.9+2.6-1.9+2.6

+0.0-0.5+0.5-2.2+2.2

-2.0-0.3-1.7-1.3-0.6

-1.1+0.9-2.0-2.0+0.8

15d

-6.5-4.3-2.2-5.5-0.9

-8.7-9.3+0.6-10.2+1.5

-13.2-5.4-7.7-7.9-5.3

-13.6-13.7+0.1-19.6+6.0

UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Balkrishna Paper Mills board on Dec 23, 2025 approved a scheme of reduction of share capital. The company has accumulated losses of about Rs 278.39 crore as of Sept 30, 2025. Under the plan, equity face value will cut from Rs 10 to Re 1 per share, and 1.10 crore 6.5% non-cumulative preference shares of Rs 100 each held by related parties (about Rs 110 crore) will be cancelled. Securities premium of Rs 23.28 crore will be used first. Number of equity shares stays unchanged. Subject to NCLT, BSE, NSE, SEBI and shareholder approvals via postal ballot.

Likely market impact

Equity face value drops from Rs 10 to Re 1 but share count and ownership unchanged. Preference shares get cancelled. Signals balance sheet cleanup, not new cash inflow.