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Incorporated in 1999, Barak Valley Cements Ltd manufactures and sells Cement mainly in north eastern states of India
BVCL's board approved a revised, final notice for its upcoming virtual 27th Annual General Meeting (AGM). The previous notice was not circulated, ensuring shareholders receive the accurate, updated details for the meeting.
Barak Valley Cements' Board approved Q1 results. Consolidated net profit surged to 3.06 Cr (from 1.32 Cr YoY) on 60.09 Cr revenue. Standalone net profit also rose to 3.02 Cr. MD Kamakhya Chamaria and Director Nishant Garodia were re-appointed, pending shareholder nod.
WVCL incurred total fines of ₹180,000 from stock exchanges for compliance lapses, including a delay in annual report submission and committee reconstitution issues. The company has rectified these past non-compliances and is enhancing internal controls.
Barak Valley Cements confirmed it is not classified as a large corporate. This exempts the company from certain enhanced disclosure requirements related to debt securities issuance.
BVCL has announced a board meeting to approve the financial results for the third quarter and year. The trading window remains closed for designated persons.