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.Integrated Filing Finance is attached.
BALKRISHNA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Balkrishna Paper Mills reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results, showing revenue from operations of Rs. 111.59 lakhs, down sharply from Rs. 167.02 lakhs in the same quarter last year. The company posted a net loss of Rs. 176.33 lakhs, wider than the Rs. 75.29 lakhs loss in Q1 FY25 (restated). Total expenses of Rs. 252.39 lakhs far exceeded total income of Rs. 113.09 lakhs. The results pertain only to continuing operations, as the Board had decided in November 2024 to discontinue paper manufacturing at the Ambivali plant. Separately, the Board approved adoption of a new Memorandum of Association, subject to shareholder approval at the upcoming AGM.
This is a deeply negative filing. The company has a negative net worth of Rs. 17,069.16 lakhs, and the statutory auditor has issued a qualified conclusion flagging material uncertainty about the company's ability to continue as a going concern. With manufacturing wound down and only a small trading business generating Rs. 111.59 lakhs in quarterly revenue, the stock carries significant solvency risk for shareholders.