Balkrishna Paper Mills 2026 AGM Notice and Annual Report

Meeting Date: Friday, September 18, 2026 at 3:00 PM (IST)
Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
Cut-off Date: Friday, September 11, 2026 for determining members eligible to vote
E-voting Period: September 15, 2026 (9:00 AM) to September 17, 2026 (5:00 PM)

1. Adoption of Audited Financial Statements for FY 2025-26 and Reports of Board of Directors and Auditors

2. Appointment of Shri Anuraag Poddar (DIN: 00599143) who retires by rotation

3. Re-appointment of Shri Anuraag Poddar as Chairman and Managing Director (Special Resolution)

Term: February 11, 2027 to February 10, 2030 (3 years)
Salary: ₹3,45,000 per month (Basic: ₹1,75,000; HRA: ₹1,00,000; Special Allowance: ₹70,000)
Commission: As decided by Board subject to statutory limits
Perquisites: Medical reimbursement, LTA, club membership, personal accident insurance, PF, gratuity, leave encashment, car with driver, communication facilities
Minimum remuneration payable in absence/inadequacy of profits as per Schedule V limits

4. Re-appointment of Shri Manish Malpani as Whole Time Director & CFO (Special Resolution)

Term: December 9, 2026 to December 8, 2029 (3 years)
Salary: ₹2,53,244 per month (Basic: ₹1,42,110; HRA: ₹71,055; Special Allowance: ₹40,079)
No commission payable
Perquisites: Conveyance reimbursement ₹20,000/month, PF, gratuity, leave encashment, bonus & ex-gratia
Minimum remuneration payable in absence/inadequacy of profits as per Schedule V limits

5. Re-appointment of Prof. (Dr.) Mangesh D. Teli as Independent Director (Special Resolution)

Term: December 9, 2026 to December 8, 2031 (5 years)
Will attain age 75 on July 10, 2027; requires special approval for continuation beyond 75
Entitled to sitting fees and reimbursement of expenses

Net Turnover & Other Income: ₹484.02 lakhs (Previous year: ₹241.16 lakhs)
Loss before Tax (Continuing Operations): ₹688.58 lakhs (Previous year: ₹664.49 lakhs loss)
Profit from Discontinued Operations: ₹36.95 lakhs (Previous year: ₹1,483.14 lakhs profit)
Net Loss for the Year: ₹651.63 lakhs (Previous year: ₹818.65 lakhs profit)
Total Comprehensive Income: ₹(651.36) lakhs (Previous year: ₹818.67 lakhs)
No dividend recommended for the financial year

Discontinued manufacturing of 'Paper and Paper Board' at Ambivali factory effective November 13, 2024
Currently engaged in trading activities in plastic and packaging materials
Signed MoU with Symcom Exim Pvt Ltd for sale of machinery for ₹13,61,80,000 + GST
Received advance of ₹2,72,36,000 (20% of sale consideration) on March 12, 2026
Board approved commencement of real estate development business as authorized under MOA
Net worth stands at negative ₹17,544.16 lakhs as at March 31, 2026

Authorized Share Capital: ₹168 crore (5.8 crore equity shares of ₹10 each + 1.1 crore preference shares of ₹100 each)
Paid-up Equity Share Capital: ₹32.22 crore
Paid-up Preference Share Capital: ₹110 crore
Board approved Scheme of Reduction of Share Capital subject to member and NCLT approval

AGM conducted through VC/OAVM facility in compliance with MCA and SEBI circulars
No proxy facility available; body corporates can appoint authorized representatives
Members can join AGM 15 minutes before scheduled time on first-come-first-served basis (excluding large shareholders, promoters, institutional investors, directors, KMPs, etc.)
Facility available for 1000 members
Detailed e-voting instructions provided for NSDL and CDSL demat account holders
Scrutinizer: Shri Prasen Naithani, Practicing Company Secretary
Results to be displayed on company website and NSDL website within 48 hours of AGM conclusion