Intimation of appointment of Secretarial Auditor for term of 5 years subject to approval of Members in AGM
Awaiting price reaction for this filing.
Ballarpur Industries Ltd held a board meeting on February 13, 2026, where it approved delayed unaudited financial results for the quarter ended June 30, 2025, the quarter and half year ended September 30, 2025, and the quarter and nine months ended December 31, 2025, on both standalone and consolidated basis. The board also appointed Viral Sanghavi & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30), subject to shareholder approval at the upcoming AGM. Standalone numbers for Q3 FY26 show revenue of Rs 1,076.56 lakhs but a net loss of Rs 4,207.94 lakhs, with 9-month losses of Rs 9,709.99 lakhs; debt-equity ratio stood at 2.19 times. Auditors flagged going concern uncertainty but noted the company has started commercial production from December 1, 2025, under new management post-insolvency resolution.
Multiple quarters of results being cleared together signals prolonged governance and compliance delays, while persistent net losses and high debt-equity ratio (2.19x) remain key concerns. Restart of commercial production and new secretarial auditor appointment are positive steps, but shareholders may watch the NCLT ruling on penalty matters and asset sale progress closely.