Balkrishna Paper Mills Limited — Others, 14-01-2025: Shareholders meeting

Balkrishna Paper Mills Limited has announced a board meeting on January 2, 2025, to approve a Postal Ballot Notice, seeking shareholder consent for several significant resolutions through remote e-Voting. Key proposals include the sale of their Property, Plant, and Equipment (PPE) to alleviate financial losses and debt, as well as modifications of related party transactions with S P Finance and Trading Limited for availing Inter Corporate Deposits (ICDs) of up to ₹15 crore during FY 2024-25 and ₹25 crore for FY 2025-26. The board aims to address ongoing operational challenges, acknowledging a shift towards digital alternatives. This strategic decision may foster a positive outlook for investors by potentially stabilizing the company's finances while mitigating risks associated with ongoing losses.