Ballarpur Industries Limited — Important, 07-11-2024: Disclosure of material issue

Ballarpur Industries Limited has been fined a total of Rs. 2,61,000 by BSE and NSE for non-compliance with SEBI regulations. The company is currently undergoing a corporate insolvency resolution process, with powers of its Board suspended. A new Implementation and Monitoring Committee is overseeing the Resolution Plan. Additionally, the company seeks an exemption from compliance for the financial year 2023-24. The fines will not affect the company's financial or operational activities.