Ballarpur Industries Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
Ballarpur Industries Limited held its Board Meeting on May 22, 2026, approving audited standalone financial results for Q4 and FY ended March 31, 2026, showing a net loss of Rs 13,466.75 lakhs (down from Rs 6,675.70 lakhs loss in previous year). The statutory auditors Batliboi & Purohit issued qualified opinions on both standalone and consolidated financial statements. A new internal auditor, M/s. Todarwal & Todarwal LLP, was appointed for FY 2026-2027. The auditors highlighted material uncertainty regarding going concern, though management stated commercial production resumed from December 1, 2025 following resolution plan implementation by Finquest Financial Solutions Private Limited. Non-current assets of Rs 44,372.11 lakhs remain classified as held for sale.
The company continues to face significant financial distress with mounting losses and qualified audit opinions, which signals elevated risk for investors. The ongoing insolvency resolution process and asset sales indicate restructuring is still in progress.