Clarification to email and letter received from Stock Exchanges for non submission of Consolidated Financial Statement for quarter ended June 30, 2025
Awaiting price reaction for this filing.
Ballarpur Industries has clarified to BSE/NSE why its consolidated financial results for the quarter ended June 30, 2025 were not filed on time. The company says the new management, which took over after the insolvency process, inherited only audited financials up to FY 2019. It has since worked hard to complete the audit of consolidated financials up to FY 2024 and standalone numbers up to FY 2025, but is struggling with delayed data from subsidiaries and records not handed over by the earlier resolution professional. The company is preparing the June 2025 consolidated results and will hold a board meeting soon to adopt them. It has also filed an application with the NCLT for an extension or exemption from these statutory filings.
For shareholders, this filing highlights ongoing compliance difficulties and unresolved legacy issues from the insolvency period, which may create uncertainty. Until consolidated financials are published, visibility into the company's true financial position remains limited.