Barak Valley Cements Limited — Important, 15-04-2026: Disclosure of material issue

BVCL has converted an outstanding loan of **₹4.10 Cr** to its wholly-owned subsidiary, Meghalaya Minerals and Mines Limited (MMML), into 7,06,500 equity shares at ₹58 per share. This formalizes BVCL's 100% control over MMML, a mineral mining company.

**The Issue:** BVCL reported an "inadvertent procedural delay" in disclosing this share acquisition.

**Possible Impact:** The company clarifies that this delay has **no impact on the financial position or shareholder value** of BVCL. The conversion strengthens MMML's balance sheet by replacing debt with equity.

**Company's Response:** BVCL confirmed the conversion of the loan to equity shares, reinforcing its full ownership of MMML.

**MMML's Financials (FY25):** Asset size of **₹15.42 Cr** and turnover of **₹4.69 Cr**. Note: MMML's turnover has declined over the past three years (FY24: **₹6.28 Cr**, FY23: **₹17.60 Cr**).