Ballarpur Industries Limited has informed the Exchange regarding Appointment of Mr Alok Prakash as Executive Director of the company w.e.f. August 07, 2025.
Awaiting price reaction for this filing.
Ballarpur Industries held a board meeting on August 7, 2025, approving three key items. First, unaudited standalone results for Q1 FY26 (quarter ended June 30, 2025) showing revenue from operations of Rs 182.91 lakhs, down sharply from Rs 1,041 lakhs in the same quarter last year, and a net loss of Rs 2,327.12 lakhs, with EPS of Rs (4.23). Second, allotment of the third and final tranche of 28 lakh 0.01% unlisted non-cumulative redeemable preference shares of Rs 100 each, aggregating Rs 28 crore, to Finquest Financial Solutions Private Limited (the resolution applicant). Third, the appointment of Mr. Alok Prakash, the existing CEO, as Whole Time Director effective August 7, 2025. Mr. Prakash holds a Ph.D. and has over 28 years of experience in the paper and textile industry, previously managing Rs 2,750 crore turnover as Chief Sales Officer at Century Pulp & Paper (B.K. Birla Group).
For shareholders, the results confirm the company is still loss-making and revenue has collapsed, with the auditor flagging a material going concern uncertainty and qualified opinion on unpaid penalties. However, the fresh Rs 28 crore infusion from the resolution applicant and a strengthened leadership team signal continued revival efforts, though the stock remains a high-risk bet until manufacturing restarts and revenue recovers.