Clarification letter for shareholding pattern of June 2025
Awaiting price reaction for this filing.
Ballarpur Industries has clarified its shareholding pattern for the quarter ended June 30, 2025, in response to a BSE query. The company confirmed that it underwent a Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, and the NCLT Mumbai approved the resolution plan of Finquest Financial Solutions Private Limited on March 31, 2023, making Finquest the current promoter. The erstwhile promoters and promoter group entities are no longer associated with the company and have been shown with nil shareholding. The company also clarified that discrepancies between its Shareholding Pattern (SHP) and System Driven Disclosures (SDD) arose because the SDD portal mapping under the issuer login is yet to be updated, which is being done. Finquest's entire shareholding is held in dematerialized form.
This is a procedural clarification with no new operational or financial impact for shareholders. It reinforces that the company continues under the new promoter (Finquest Financial Solutions) post the 2023 IBC resolution and that disclosure systems are being aligned. Investors should note the long-delayed normalisation of shareholding disclosures since the change of control.