Balkrishna Paper Mills Ltd

⚖️ Balkrishna Paper Mills: NCLT admits share capital reduction petition; next hearing 21st January 2027

- NCLT admitted share capital reduction petition; next hearing 21st January 2027

- Equity share capital: Rs. 32,21,95,320 to Rs. 3,22,19,532

- 3,22,19,532 equity shares; face value Rs. 10 to Rs. 1 each

- Proposed: accumulated losses Rs. 52,28,37,029 adjusted first from Securities Premium Reserve Rs. 23,28,61,241

- Accumulated losses as at 30th September 2025: Rs. 2,78,39,19,643

- After adjustments, accumulated losses as at 30th September 2025: Rs. 2,26,10,82,614

- Preference share capital of Rs. 1,10,00,00,000 to be reduced

- Preference consideration unpaid until funds available; treated as unsecured non-interest bearing loan

- Special resolutions passed via postal ballot: equity 02.07.2026, preference 19.06.2026

- NCLT order interim and procedural; not a material development in itself