Notice of 39th Annual General Meeting of the Company scheduled to be held on Friday,5th September 2025.
Awaiting price reaction for this filing.
Burnpur Cement has called its 39th AGM for Friday, September 5, 2025 at 12:30 PM, to be held via video conferencing. Key agenda items include adopting FY25 audited accounts, filling the casual vacancy in the statutory auditor seat caused by the resignation of M/s Agarwal HP & Associates (effective May 27, 2025, due to health reasons), and appointing M/s Bhagi Bhardwaj Gaur & Co. as statutory auditor for a five-year term at Rs. 2.50 lakh per annum plus taxes. Members will also be asked to approve the appointment of M/s M & A Associates as secretarial auditor for five years (FY26–FY30) at Rs. 25,000/year and ratify the Rs. 20,000 remuneration of cost auditor M/s Som Das & Associates. Cut-off date for e-voting is August 29, 2025, with remote e-voting open from September 2–4, 2025. The attached financial highlights show a deeply distressed picture: net sales collapsed to effectively zero in FY25 from Rs. 134.37 crore in FY24, the company posted a loss after tax of Rs. 42.46 crore (improving from Rs. 99.11 crore), finance costs remained high at Rs. 66.12 crore, and no dividend has been recommended.
The AGM is largely procedural, but the underlying financials are alarming — zero revenue, continued losses, and the company remains an NPA classified since 2016 with debt assigned to UV Asset Reconstruction Company. Shareholders should note the mid-term auditor change and the lack of any operational revenue, which signals ongoing stress rather than recovery.