SUBMISSION OF 39TH ANNUAL REPORT OF THE COMPANY FOR THE FINANCIAL YEAR 2024-25.
Awaiting price reaction for this filing.
Burnpur Cement Ltd has filed its 39th Annual Report for FY 2024-25 along with the AGM notice. The 39th AGM is scheduled for September 5, 2025 at 12:30 PM via video conferencing. Key financial highlights show Sales of effectively Rs 0 (vs Rs 13,436.62 lakhs in FY 2023-24), Total Income of Rs 165.09 lakhs (vs Rs 13,461.66 lakhs), and a Loss After Tax of Rs 4,245.70 lakhs (vs Rs 9,911.22 lakhs loss in the previous year). Finance costs remain heavy at Rs 6,612 lakhs. The company has been classified as NPA since December 2016, with around 76% of its secured debt assigned to UV Asset Reconstruction Company Limited. No dividend has been recommended due to continued losses. Statutory auditor M/s Agarwal HP & Associates resigned in May 2025 citing health reasons and has been replaced by M/s Bhagi Bhardwaj Gaur & Co. for a five-year term, subject to shareholder approval.
Shareholders face a deeply distressed company with virtually no operating revenue and continued losses, though the loss narrowed year-on-year. The long-standing NPA status and presence of an asset reconstruction company as a major stakeholder indicate serious going-concern issues, while the auditor change adds to governance uncertainty. Investors should treat this stock as high-risk.