Ballarpur Industries Limited — QIP/Rights/Pref., 16-04-2025: Allotment of Securities

Ballarpur Industries Limited has announced a board meeting to approve the audited financial results for the quarters and half-year ending March 31, 2023, along with those for the years ending March 31, 2021, and March 31, 2022, both reported with modified audit opinions. Additionally, the company has allotted the first tranche of 23,00,000 unlisted, non-cumulative redeemable preference shares at an issue price of INR 100 each, aggregating to INR 23 Crore, to Finquest Financial Solutions Pvt. Ltd. A new Chief Executive Officer, Mr. Alok Prakash, has also been appointed effective immediately.