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Balkrishna Paper Mills Limited has received an administrative warning from SEBI regarding non-compliance with key regulations concerning related party transactions (RPTs). The company’s annual consolidated turnover for FY 22-23 was Rs 109.45 crore, while RPTs with Poddar Bio Diesel Private Limited amounted to Rs 23 crore during the half-year ending September 2023, significantly exceeding the materiality threshold. Although the company obtained post facto shareholder approval for these transactions in April 2024, failure to secure prior approval led to a violation of Regulation 23(4). SEBI has emphasized the seriousness of this issue and expects strict adherence to regulations going forward. The Board of Directors reviewed the matter and has called for adherence to compliance protocols. Fortunately, this warning is not expected to impact the company’s financial, operational, or other activities. Investors are advised to monitor the situation closely for any further developments.