Board Meeting Details
The Board of Directors meeting was held on August 10, 2026, commencing at 04:45 PM and concluding at 5:45 PM.
Key Board Decisions
- Approved Un-audited Standalone Financial Results for quarter ended June 30, 2026
- Approved Un-audited Consolidated Financial Results for quarter ended June 30, 2026
- Appointed M/s Bahadur Murao & Co., Cost Accountants (Firm Registration No. 000008) as Cost Auditors for financial year 2026-27
Standalone Financial Results (Amount in Lakhs)
Quarter Ended June 30, 2026:
- Total Revenue from Operations: ₹8,480.65
- Total Expenses: ₹11,543.23
- Loss before exceptional items and tax: ₹(3,062.58)
- Exceptional Items: None
- Loss before tax: ₹(3,062.58)
- Tax expense: None
- Net Loss after tax: ₹(3,062.58)
- Other Comprehensive Income: ₹(2.50)
- Total Comprehensive Income: ₹(3,065.08)
- Paid-up equity share capital: ₹5,500.00 (Face value ₹10 each)
- EPS Basic: ₹(5.57)
- EPS Diluted: ₹(5.57)
Comparative Figures:
- Previous Quarter (Mar 31, 2026): Net Loss ₹(3,756.76)
- Corresponding Quarter (Jun 30, 2025): Net Loss ₹(2,327.12)
Consolidated Financial Results (Amount in Lakhs)
Quarter Ended June 30, 2026:
- Total Revenue from Operations: ₹9,692.72
- Total Expenses: ₹16,198.96
- Loss before share in Profit & Loss of Associates & JVs: ₹(6,506.24)
- Share in Profit & Loss of Associates & JVs: ₹(1,567.00)
- Loss before exceptional items and tax: ₹(8,073.24)
- Exceptional Items: None
- Loss before tax: ₹(8,073.24)
- Tax expense: None
- Net Loss for the year: ₹(8,073.24)
- Other Comprehensive Income: ₹(1,890.50)
- Total Comprehensive Income: ₹(9,963.74)
- Net Profit attributable to Owners: ₹(8,051.13)
- Net Profit attributable to Non-Controlling Interest: ₹(22.11)
- Paid-up equity share capital: ₹5,500.00
- EPS Basic: ₹(14.64)
- EPS Diluted: ₹(14.64)
Comparative Figures:
- Previous Quarter (Mar 31, 2026): Net Loss ₹(7,347.41)
- Corresponding Quarter (Jun 30, 2025): Net Loss ₹(4,347.37)
Key Financial Ratios (Standalone)
- Debt equity ratio: 2.75 (Jun 30, 2026) vs 2.39 (Mar 31, 2026)
- Debt service coverage ratio: (0.05) (Jun 30, 2026) vs (0.81) (Mar 31, 2026)
- Interest service coverage ratio: (1.13) (Jun 30, 2026) vs (2.79) (Mar 31, 2026)
- Current ratio: 1.06 (Jun 30, 2026) vs 1.10 (Mar 31, 2026)
- Operating Margin: -17.18% (Jun 30, 2026) vs -61.93% (Mar 31, 2026)
- Net Profit Margin: -36.26% (Jun 30, 2026) vs -59.83% (Mar 31, 2026)
Auditor's Report Highlights
Qualified Conclusion:
Auditors issued qualified conclusion due to unresolved stock exchange fines. NSE and BSE have imposed fines for delays in compliance pertaining to various regulations. Company has filed Interlocutory Application before NCLT seeking extension/exemption for statutory filings up to March 31, 2026 and quarterly results up to March 31, 2024. No provision made in books as amount is not ascertainable.
Emphasis of Matter:
1. Two dividend warrant bank accounts with aggregate balances of ₹16.24 lakhs require transfer to IEPF as 7-year period elapsed
2. Non-current assets amounting to ₹44,372.11 lakhs classified as held for sale for over one year
Material Uncertainty - Going Concern:
Company maintains going concern basis based on: • Finquest Financial Solutions acquired 51% equity stake • Raised funds through NCDs and preference shares • Manufacturing facility commenced commercial production on December 1, 2025 • Monetization of non-essential assets planned
Subsidiary and Associate Issues
Consolidated results affected by incomplete financial data from:
- Avantha Agritech Limited - results not available
- Ballarpur Speciality Paper Holdings B.V. - unsigned figures used
- BILT General Trading FZE - results not provided since FY 2019-20
- Mirabelle Trading Pte Ltd - struck off by ACRA Singapore on May 31, 2026
- Ballarpur Paper Holdings B.V. - unsigned figures used
Corporate History
- NCLT initiated Corporate Insolvency Resolution Process (CIRP) on January 17, 2020
- Mr. Anuj Jain appointed as Resolution Professional on May 27, 2020
- NCLT approved resolution plan by Finquest Financial Solutions on March 31, 2023
- Resolution plan implementation commenced June 12, 2023
Trading Window Closure
Trading window was closed from July 1, 2026 till 48 hours after declaration of results for all Directors/KMPs/Designated Employees/Connected Persons.
Additional Information
- Company redeemed 23,257 nos. of 7% secured redeemable non-convertible debentures (face value ₹1,00,000 each) aggregating ₹23,257 lakhs during the quarter
- No deferred tax asset recognized due to uncertainty of future taxable profits
- Company operates in single business segment: manufacturing of Paper Products
#Tags: #BallarpurIndustries #Q1Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Negative