Ballarpur Industries Limited — Board Meeting, 13-02-2025: Outcome of Board Meeting

The Board of Directors has approved the issuance of 1,08,00,000 (1.08 crore) non-cumulative redeemable preference shares at INR 100 each, aggregating to INR 108 crore, to Finquest Financial Solutions Private Limited. These funds will be utilized for loan prepayments, working capital, and other corporate purposes. The board also approved the financial results for the quarter and half-year ended December 31, 2024, and appointed new cost and secretarial auditors for multiple financial years. The meeting concluded after addressing these significant agenda items.