Balkrishna Paper Mills Limited — Board Meeting, 11-02-2025: Outcome of Board Meeting

The Board of Directors has approved the unaudited financial results for the quarter ending December 31, 2024, with the company reporting a negative net worth of ₹175.86 crore, raising significant concerns about its ability to continue as a going concern. Shri Rakesh N. Garodia and Smt. Meghna S. Shah have completed their terms as Independent Directors and ceased to be directors effective February 11, 2025. Furthermore, Smt. Saumya Bagrodia and Shri Ashok N. Garodia have been appointed as additional Directors, subject to member approval, for terms of five years each. The Board has also undergone a reconstitution of its key committees.