Ballarpur Industries Limited — QIP/Rights/Pref., 07-08-2025: Allotment of Securities

Ballarpur Industries' Board approved the allotment of 28 lakh (2.8 million) 0.01% unlisted non-cumulative redeemable preference shares at INR 100 each, raising INR 28 Cr. These shares were issued to Finquest Financial Solutions Private Limited. This final tranche, combined with prior issuances of INR 23 Cr and INR 57 Cr, brings the total preference share capital raised to INR 108 Cr. This fund infusion is key for the company's revival plan, aiming to settle dues and support future capital expenditures, signaling a strong intent to restart operations.