Burnpur Cement Limited has informed the Exchange about change in Management
Awaiting price reaction for this filing.
Burnpur Cement Limited reported its audited financial results for FY2026 ending March 31, 2026. The company incurred a massive loss of Rs 7,923.86 lakhs (approximately Rs 79.24 crore), primarily driven by interest costs of Rs 7,702.51 lakhs. The company has no operational revenue as all assets were sold to Ultratech Cement in November 2023 after continuous losses. The auditors issued an unmodified opinion but raised a going concern flag, noting the company has discontinued all operations since November 2023. Additionally, Mr. Pawan Pareek was redesignated from Executive Director & CFO to Whole-time Director & CFO for 2 years effective May 18, 2026. The company also reappointed M/s KRGB & Associates LLP as internal auditors for FY2026-27.
This is a highly distressed company with negative equity of Rs 57,362.46 lakhs and no operational business. Shareholders face extreme risk as the company is not a going concern and management is exploring merger or acquisition opportunities. The stock is likely to remain highly speculative with no operational recovery visible in the near term.