Ballarpur Industries reported consolidated FY25 loss of ₹246.92 crore following NCLT-approved resolution plan implementation with Finquest Financial Solutions.
Auditors issued disclaimer opinion on consolidated accounts due to unavailable subsidiary financials and qualified opinion on standalone statements over stock exchange penalties.
Company underwent significant capital restructuring with equity reduction from ₹25,871 lakhs to ₹5,500 lakhs and Finquest acquiring 51% stake through resolution plan.
Material uncertainty exists regarding going concern status across multiple subsidiaries despite management's revival plans and asset sales initiatives.