Notice of 76th Annual General Meeting
Awaiting price reaction for this filing.
Ballarpur Industries Ltd (BILT) has notified BSE and NSE about its 76th Annual General Meeting scheduled for Monday, November 3, 2025, at 2:00 PM via video conferencing. Along with the AGM notice, the company is filing its delayed Annual Report for FY 2020-21, more than four years after the financial year ended. This delay stems from the company's Corporate Insolvency Resolution Process (CIRP), which began in January 2020 when Finquest Financial Solutions Private Limited (FFSPL) moved NCLT. The NCLT approved FFSPL's resolution plan on March 31, 2023, and FFSPL took over the company on June 12, 2023, acquiring majority shareholding and installing a new board. For FY 2020-21, the company reported a consolidated loss after tax of Rs 1,390 crore on revenue from operations of Rs 2,055 crore, with a standalone loss of Rs 574.75 crore. The accounts carry significant audit qualifications and 'inherent limitations' since the new board had no access to records from that period. The Shree Gopal unit (Haryana) continues operations, while the Kamalapuram unit (Telangana) has been shut since 2014, and Sabah Forest Industries (Malaysia) is in liquidation.
This is primarily a compliance and housekeeping filing as the new management catches up on years of delayed statutory filings under the IBC resolution plan. Shareholders will be asked to approve long-pending FY 2020-21 accounts at the upcoming AGM. No material new business decision or capital action is involved, so immediate stock price reaction is unlikely, but it marks continued progress toward restoring BILT to active compliant status with the Registrar of Companies.