Burnpur Cement Limited has informed the Exchange about change in Management
Awaiting price reaction for this filing.
UV Asset Reconstruction Company Limited (ARC) has taken over the management of Burnpur Cement under the SARFAESI Act 2002, a debt recovery mechanism that allows lenders to take control of a defaulting borrower. Following this takeover, UV ARC has re-appointed Mrs. Rashmi Goyal (DIN 11328450) as an Independent Director for a period of 5 years effective October 9, 2025. Mrs. Goyal was originally brought on as an additional director in October 2025 and is now being formally re-appointed. She is a practicing Chartered Accountant from Delhi with 13 years of experience in finance and taxation, and a former employee of PepsiCo India. This filing is procedural, confirming the new ARC-driven management structure at the company.
The re-appointment itself is procedural, but the underlying context is significant: control of Burnpur Cement has shifted to UV ARC, a sign of financial distress and lender takeover. For shareholders, this means the company is now run by an asset reconstruction entity rather than its original promoters, which typically raises concerns about future operations, recovery prospects, and equity value.