Balkrishna Paper Mills Limited — Updates, 23-12-2025: Other Restructuring

The company's board has approved a capital reduction to offset ₹278.39 Cr accumulated losses. Equity face value reduces from ₹10 to ₹1. ₹1100 Cr preference shares are cancelled, converting to an unsecured, non-interest-bearing loan. This move aims to rationalize capital for new real estate ventures.