Balrampur Chini Mills proposes ₹450 crore preferential issue of 93.17 lakh shares at ₹483 per share to fund expansion projects.
EGM scheduled for May 20, 2026 to seek shareholder approval for the preferential allotment to promoters and institutional investors.
Proceeds will fund PLA project expansion (₹230 cr), gypsum plant (₹110 cr), and general corporate purposes (₹110 cr).
India Ratings appointed as monitoring agency for fund utilization as issue size exceeds ₹100 crore requirement.