Ballarpur Q2 FY26 results: loss widens, auditor flags going concern

Ballarpur's board approved Q2 and H1 FY26 standalone results (ended Sep 30, 2025). Standalone net loss widened to Rs 31.75 cr (Q2) and Rs 55.02 cr (H1) from Rs 16.23 cr and Rs 28.14 cr a year ago. Revenue from operations fell sharply to Rs 3.51 cr in H1 FY26 from Rs 14.86 cr in H1 FY25. Auditor issued a qualified opinion citing unprovided NSE and BSE penalties for delayed filings and flagged material going-concern uncertainty. Company is reviving via NCDs and trial production at factory. New independent director and secretarial auditor appointed.