Burnpur Cement Limited has informed the Exchange regarding Change in Director(s) of the company.
Awaiting price reaction for this filing.
Burnpur Cement Limited reported a massive loss of Rs 2,074.12 lakhs for Q4 FY2026 and Rs 7,923.86 lakhs for the full year, with zero operational revenue as all assets were sold to UltraTech Cement in November 2023. The company's auditor raised a 'going concern' doubt as operations have been completely discontinued. Mr. Pawan Pareek was redesignated from Executive Director & CFO to Whole-time Director & CFO for 2 years effective 18 May 2026. Internal auditors M/s KRGB & Associates LLP were reappointed for FY 2026-27. The company has negative equity of Rs 57,362.46 lakhs and borrowings of Rs 56,257.45 lakhs, with management exploring potential mergers or acquisitions.
The stock remains under extreme stress due to ceased operations, massive accumulated losses, and negative net worth. The redesignation of Mr. Pawan Pareek is an internal reshuffle with no immediate shareholder impact. The ongoing going concern uncertainty makes this a high-risk investment.