Ballarpur Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/06/2025 ,inter alia, to consider and approve Board meeting intimation ....
Awaiting price reaction for this filing.
Ballarpur Industries has called a board meeting on June 17, 2025 to approve its unaudited consolidated financial results for Q1, Q2, and Q3 of FY2024 (quarters ended June 30, September 30, and December 31, 2023) as well as audited consolidated financial results for Q4 and full year ended March 31, 2024. The company is significantly behind schedule — these results relate to periods ending more than a year ago, with the announcement only now being made in June 2025. The filing also notes that equity shares remain suspended from trading on the stock exchanges since June 23, 2023 due to the extinguishment and write-down of paid-up equity share capital under a Resolution Plan approved by the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016.
The stock has been suspended from trading since June 2023 due to the insolvency-driven capital reduction, so retail shareholders currently cannot transact. The delayed announcement of over a year-old results highlights ongoing resolution-related operational challenges and signals that the company remains under IBC restructuring rather than operating as a normal going concern.