Business Responsibility and Sustainability Report
BENGALASM · price
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Awaiting price reaction for this filing.
Bengal & Assam Company Ltd (BACL) filed its 5th Business Responsibility and Sustainability Report with BSE for FY 2024-25, as required under SEBI LODR Regulation 34(2)(f). The company is a Core Investment Company (CIC-ND-SI) registered with RBI, holding strategic stakes in JK Tyre (47.60%), JK Lakshmi Cement (44.35%), JK Paper (47.00%), JK Agri Genetics (67.56%) and Umang Dairies (55.30%). It has only 5 permanent employees (all male), operates from 2 leased offices, and has no manufacturing or direct customer interface. Paid-up capital is Rs. 76.30 crore. Eleven shareholder complaints were received in FY24-25 (vs 3 in FY23-24), all but one resolved. A writ petition is pending before the Calcutta High Court challenging a Rs. 10.72 crore stamp duty order on shares issued under a 2019 scheme, with restraint on coercive action extended till December 12, 2025. CSR obligations are not applicable as income mainly comes from dividends of CSR-compliant group firms.
This is a routine annual compliance filing with no direct material impact on the stock. Worth keeping on watch: the ongoing Rs. 10.72 crore stamp duty dispute, though the court has shielded the company from coercive action till December 2025.