Balkrishna Paper Mills Limited — Others, 14-02-2025: Shareholders meeting

Balkrishna Paper Mills Limited's Board has approved key resolutions via postal ballot, focusing on the sale of its entire Property, Plant, and Equipment (PPE), and modifications to related party transactions with S P Finance and Trading Limited. Shareholders overwhelmingly supported the sale, with 99.97% in favor, allowing the Board to facilitate the transaction at market value. The approved modifications increased inter-corporate deposits from S P Finance from ₹5 crore to ₹15 crore and permitted new transactions up to ₹25 crore for FY 2025-26. This strategic move may enhance liquidity, potentially leading to a positive outlook among investors.