Balkrishna Paper Mills Limited
Incorporated in 1975, Balkrishna Paper Mills Ltd does manufacturing and marketing of Coated Duplex Board page
What Balkrishna files
- Others51
- Board Meeting15
- Important13
- Updates5
- Results4
- Credit Ratings1
Balkrishna Paper Mills reports FY26 loss of 6.89 Cr, with Q4 loss of 2.14 Cr. Net worth is -175.44 Cr. Auditors raise significant doubt on the company's ability to continue as a going concern, citing discontinued manufacturing. Sales from trading grew to 4.73 Cr vs 2.32 Cr in FY25.
Balkrishna Paper Mills' plan to reduce share capital by writing off accumulated losses was returned by BSE/NSE. Exchanges clarified their specific review isn't needed for this type of scheme, only disclosures. NCLT/shareholder approvals pending.
Balkrishna Paper Mills is selling machinery from its Ambivali factory for Rs. 13.62 Cr. This asset sale is a major operational shift, as the unit's revenue was 96.35% of the company's FY25 total. An advance of Rs. 2.72 Cr has been received.
The company's board has approved a capital reduction to offset ₹278.39 Cr accumulated losses. Equity face value reduces from ₹10 to ₹1. ₹1100 Cr preference shares are cancelled, converting to an unsecured, non-interest-bearing loan. This move aims to rationalize capital for new real estate ventures.
Balkrishna Paper Mills faced a cyber-security incident impacting some IT assets. Crucially, operations remain unaffected. The company's technical team responded promptly and is taking appropriate actions to address the situation.