Ballarpur Industries Limited — QIP/Rights/Pref., 13-02-2025: Issue of Securities

The Board of Directors has approved the issuance of 1,08,00,000 (1.08 crore) unlisted non-cumulative redeemable preference shares at INR 100 each, aggregating INR 108 crore, to Finquest Financial Solutions Private Limited. This funding will be utilized for the repayment of existing borrowings, working capital needs, capital expenditure, and general corporate purposes. Additionally, the Board has approved the financial results for the third quarter and nine months ended December 31, 2024. Two appointments were made: M/s. Bahadur Murao & Co. as Cost Auditors for multiple financial years and M/s. Viral Sanghavi & Associates as Secretarial Auditors for three financial years.