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

Ballarpur Industries approved the audited standalone financial results for the quarter and year ended March 31, 2025, with a modified audit opinion. Consolidated results approval has been deferred. The company allotted 57 lakh preference shares worth INR 57 Cr to Finquest Financial Solutions in the second tranche. CFO Hardik B. Patel resigned immediately, replaced by Chartered Accountant Anil M. Mehta from May 27. Company Secretary Punit A. Bajaj will step down by June 30. Key leadership changes alongside fresh capital infusion signal strategic shifts ahead.