Burnpur Cement Limited has informed the Exchange regarding Outcome of Board Meeting held on May 18, 2026.
Awaiting price reaction for this filing.
Burnpur Cement Limited reported an audited net loss of Rs 2,074.12 lakhs for Q4 FY26 and Rs 7,921.62 lakhs for the full year ended March 31, 2026, compared to a loss of Rs 4,242.92 lakhs in FY25. The company has zero revenue because its entire operational assets at Patratu were sold to Ultratech Cement in November 2023 following action by UV Asset Reconstruction Company under SARFAESI Act. The auditor's report carries an unmodified opinion but includes an Emphasis of Matter paragraph raising significant doubts about the company's ability to continue as a going concern, as the company has no operational production units. The balance sheet shows deeply negative equity of Rs 57,362.46 lakhs with borrowings of Rs 56,257.45 lakhs. The board also approved redesignation of Mr. Pawan Pareek as Whole-time Director & CFO and reappointed KRGB & Associates LLP as internal auditors for FY27.
The company is technically insolvent with negative equity and no operational revenue. The auditor's going concern warning signals extreme financial distress. Shareholders face significant risk as the company seeks merger or acquisition opportunities to survive.