Ballarpur Industries Limited — QIP/Rights/Pref., 26-05-2025: Allotment of Securities

Ballarpur Industries has announced a board meeting on the financial results for the quarter and half-year. The company raised ₹57 Cr by allotting 57 lakh unlisted non-cumulative redeemable preference shares at ₹100 each to Finquest Financial Solutions Pvt. Ltd. CFO Hardik B. Patel resigned, with Anil M. Mehta taking over from May 27, 2025. Company Secretary Punit A. Bajaj also resigned, effective June 30, 2025. Auditors issued a modified opinion on the standalone financials.