Ballarpur Industries Limited has informed the Exchange about General Updates
Awaiting price reaction for this filing.
Ballarpur Industries Limited (BILT) has submitted its 80th AGM notice and Integrated Annual Report for FY 2024-25. The company, which went through Corporate Insolvency Resolution Process (CIRP) initiated in January 2020, is now under new management after Finquest Financial Solutions Private Limited (FFSPL) acquired majority stake following NCLT approval of its resolution plan on March 31, 2023. Consolidated revenue from operations doubled to Rs 18.61 crore (from Rs 9.18 crore), while consolidated net loss reduced to Rs 246.92 crore from Rs 329.08 crore in the prior year. The company operates its specialty paper business from the Shree Gopal unit in Haryana with 85,000 MT annual capacity. Auditors have issued disclaimer of opinion on consolidated financial statements and qualifications on standalone financials due to delayed statutory filings. The AGM is scheduled for May 11, 2026 via video conferencing mode.
The company continues to be financially stressed with significant losses, though operational revenue is improving post-restructuring. Shareholders should note ongoing auditor concerns, unaudited material subsidiaries, and pending NCLT relief on exchange penalties for compliance delays. The restructuring remains a work in progress under the new board.