Ballarpur Industries Limited has informed the Exchange regarding Notice of 80TH Annual General Meeting to be held on May 11, 2026
Awaiting price reaction for this filing.
Ballarpur Industries Limited (BILT) has called its 80th AGM for May 11, 2026 via video conferencing. The company, a leading writing and printing paper manufacturer since 1945, continues to face severe financial distress despite emerging from CIRP in June 2023 when Finquest Financial Solutions acquired majority stake. For FY 2024-25, consolidated revenue was Rs. 18.61 crore but the company posted a net loss of Rs. 246.92 crore, though this is an improvement from the previous year's loss of Rs. 329.08 crore. Finance costs remain extremely high at Rs. 194.25 crore. The Shree Gopal unit in Haryana (capacity 85,000 MT) is the main operating asset with 324 employees. Auditors have issued disclaimer of opinion due to unaudited subsidiaries and non-compliance with listing regulations. The new management under Hardik Bharat Patel is working to revive operations.
Shareholders should note the company remains deeply loss-making with ongoing insolvency background. The AGM will cover standard business but no dividend is expected given continued losses. Investors should monitor operational revival progress and resolution of compliance issues.