Ballarpur Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Awaiting price reaction for this filing.
Ballarpur Industries has informed the stock exchanges that its trading window will remain closed from July 1, 2025 until 48 hours after the declaration of its audited financial results for the quarter ending June 30, 2025. The restriction applies to Directors, Designated Persons and their immediate relatives, as per the company's insider trading code. Earlier non-trading window closures for all quarters from June 1, 2020 to March 31, 2025 also remain in force until the respective results are declared. The filing also reiterates that trading in the company's equity shares remains suspended on both NSE and BSE since June 23, 2023, the record date for extinguishing and writing down the existing paid-up equity capital under the company's Resolution Plan approved by the NCLT Mumbai Bench under the Insolvency and Bankruptcy Code.
This is a routine compliance filing ahead of quarterly results and does not indicate any new business development. Shareholders should note that the stock has been suspended from trading since June 2023 due to the IBC resolution process, which involves extinguishment of existing equity capital, meaning existing equity shareholders have effectively lost their holdings.