Ballarpur Industries Limited — Board Meeting, 26-05-2025: Outcome of Board Meeting

Ballarpur Industries has announced a board meeting on May 26, 2025, approving the audited standalone financial results for the quarter and year ended March 31, 2025, though the audit report carried a modified opinion. The Board deferred consolidated results for the recent quarters and fiscal year. It approved issuing 57 lakh unlisted preference shares worth ₹57 Cr to Finquest Financial Solutions. CFO Hardik B. Patel resigned immediately; Anil Mehta, a CA with 20+ years’ experience, takes over from May 27. Company Secretary Punit Bajaj also resigned, effective June 30.