Ballarpur Industries Limited has informed the Exchange regarding 'Disclosure under reg 30'.
Awaiting price reaction for this filing.
Ballarpur Industries received communications from BSE and NSE on July 14, 2025, flagging non-compliance with Regulation 33 of SEBI Listing Regulations for late submission of financial results for the quarter and year ended March 31, 2025. BSE has levied a fine of Rs. 1,53,400 (Rs. 1,30,000 basic + 18% GST), calculated at Rs. 5,000 per day, and the fine continues to accrue daily until compliance. The company attributes the delay to unavailability of financial data from subsidiary companies and non-handover of records by the resolution professional, noting that only audited financials up to FY 2019 and unaudited consolidated up to FY 2021 were handed over to the new board. The company has filed an Interlocutory Application before NCLT Mumbai seeking extension or exemption from the filing requirement and is awaiting relief. BSE has warned that a second consecutive year of non-compliance could lead to transfer of the stock to the Z group and suspension of equity trading.
Shareholders face the risk of the stock being shifted to the Z group and having its trading suspended if the company does not file the pending consolidated results soon or secure relief from NCLT. Daily fines of Rs. 5,000 will keep piling up until compliance, adding to the financial strain on an already insolvency-recovered company.