Ballarpur Industries Limited — Board Meeting, 17-06-2025: Outcome of Board Meeting

Ballarpur Industries has announced a board meeting on June 17, 2025, approving consolidated financial results for Q1, H1, 9M of FY24, and audited full year FY24. The company reported a full year consolidated net loss of ₹338.57 Cr with basic EPS at (₹10.86). Revenues stood at ₹155.39 Cr for FY24, down from ₹202.95 Cr in FY23. The company continues to face operational challenges with various subsidiaries lacking audited financials, impacting full consolidation. Post-resolution plan, share capital was restructured to ₹55 Cr (face value ₹10). Management raised funds via Non-Convertible Debentures and plans asset sales to generate cash flow. Despite material uncertainties, the company assumes going concern status.