Ballarpur Industries Limited Conducts 79th Annual General Meeting on May 11, 2026
May 11, 2026
Ballarpur Industries Limited held its 79th AGM on May 11, 2026, via VC/OAVM, presided over by Chairman and Whole-Time Director Mr. Hardik Bharat Patel. The meeting transacted three ordinary resolutions, including adoption of audited financial statements for the financial year ended March 31, 2024, re-appointment of a Non-Executive Director, and rectification of Cost Auditor remuneration—all passed with requisite majority. The Chairman addressed members on the completion of the CIRP and implementation of the Resolution Plan approved by the Hon'ble NCLT, Mumbai Bench, vide order dated March 31, 2023. Voting results and the Scrutinizer's Report are to be published on the company's website and stock exchange platforms within statutory timelines.
Ballarpur Industries Limited convened its 79th Annual General Meeting (AGM) on Monday, May 11, 2026, through Video Conferencing / Other Audio-Visual Means (VC/OAVM), with the deemed venue being the company's registered office at 602, 6th Floor, Boston House, Suren Road, Andheri (East), Mumbai – 400093. The meeting was held in compliance with the applicable provisions of the Companies Act, 2013, and the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The AGM commenced at 1:05 P.M. (IST) and concluded at 1:26 P.M. (IST).
Meeting Attendance and Presiding Officer
Mr. Hardik Bharat Patel, Chairman and Whole-Time Director, presided over the meeting. The following directors and key executives were present at the AGM:
Board of Directors:
Mr. Hardik Bharat Patel – Chairman & Whole-Time Director
Mr. Parashiva Murthy B S – Non-Executive Director
Mr. Alok Prakash – Chief Executive Officer & Whole-Time Director
Mr. Kulandaipaian Thangaraju – Independent Director
Mr. P. Swaminathan – Independent Director
Ms. Shweta Jain – Independent Director
Key Executives and Auditors:
Mr. Anil Manoharlal Mehta – Chief Financial Officer
Ms. Surbhi Dinesh Chachada – Company Secretary and Compliance Officer
Mr. Parag Hangekar, Partner – M/s. Batliboi & Purohit, Chartered Accountants, Statutory Auditors
Mr. Viral Sanghavi – Practicing Company Secretary, Proprietor, M/s. Viral Sanghavi & Associates, Secretarial Auditor and Scrutinizer for e-voting
Chairman's Address and Company Developments
In his address, Mr. Hardik Bharat Patel welcomed members and briefed them on key developments at the company. He highlighted the completion of the Corporate Insolvency Resolution Process (CIRP) and the implementation of the approved Resolution Plan submitted by Finquest Financial Solutions Private Limited, as approved by the Hon'ble NCLT, Mumbai Bench, vide order dated March 31, 2023. The Chairman also informed members about the constitution and tenure of the Monitoring Committee, the takeover of the company by the Resolution Applicant, and the subsequent appointment of the new Board of Directors. He further apprised members of the efforts undertaken by the new management for revival of operations and preparation of pending financial statements. The Chairman noted that the Auditors' Report and Secretarial Audit Report contained certain observations and qualifications, which were duly explained in the Annual Report.
E-Voting Process
Ms. Surbhi Dinesh Chachada briefed members on the e-voting facility provided through the NSDL platform, pursuant to Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details of the e-voting process are outlined below:
Parameter: Details Cut-off Date: May 04, 2026 Remote E-Voting Start: 9:00 A.M. (IST), Wednesday, May 06, 2026 Remote E-Voting End: 5:00 P.M. (IST), Sunday, May 10, 2026 Scrutinizer: Mr. Viral Sanghavi, M/s. Viral Sanghavi & Associates E-Voting Platform: NSDL
Business Transacted
The following ordinary businesses, as set out in the AGM notice, were transacted at the meeting:
Resolution No.: Description 1. Ordinary Resolution for adoption of audited financial statements (including consolidated financial statements) for the financial year ended March 31, 2024, and the reports of the Board of Directors and auditors thereon 2. Ordinary Resolution for re-appointment of Mr. Parashiva Murthy B S (DIN: 00011584) as Non-Executive Non-Independent Director 3. Ordinary Resolution for rectification of remuneration of Cost Auditors
All three resolutions set out in the AGM notice were passed with the requisite majority through the remote e-voting and electronic voting system available during the meeting.
Shareholder Queries and Closure
Ms. Surbhi Dinesh Chachada informed members that the company had provided shareholders the opportunity to submit queries via email ahead of the AGM. As the registered speaker shareholder did not join the meeting, members were requested to send their queries to sectdiv@biltpaper.in . The Chairman concluded the meeting by thanking members for their continued cooperation and support, and expressing gratitude to all stakeholders, employees, government authorities, and regulatory bodies. The voting results along with the Scrutinizer's Report are to be placed on the company's website and on the websites of BSE Limited, National Stock Exchange of India Limited, and NSDL, within the statutory time limits.
Ballarpur Industries Limited has formally published newspaper advertisements announcing its upcoming Annual General Meetings, marking a significant corporate governance milestone for the paper manufacturing company.
AGM Schedule and Format
The company will conduct its 79th and 80th Annual General Meeting for Financial Years 2023-24 and 2024-25 respectively on Monday, May 11, 2026. Both meetings will be held through Video Conferencing (VC) and Other Audio Visual Means (OAVM), with the registered office serving as the deemed venue.
Meeting Details: Information 79th AGM Time: 1:00 P.M. (IST) 80th AGM Time: 2:00 P.M. (IST) Date: Monday, May 11, 2026 Format: Video Conferencing/OAVM Deemed Venue: Registered Office
Electronic Distribution and Compliance
In compliance with Companies Act, 2013 and various MCA circulars, the company dispatched AGM notices along with Annual Reports for 2023-24 and 2024-25 electronically on April 15, 2026. The documents were sent to members whose email addresses were registered with the company or Depository Participants.
The AGM notice and Annual Reports are also available on multiple platforms:
Company website: https://biltpaper.in
NSE website: www.nseindia.com
BSE website: www.bseindia.com
NSDL website: www.evoting.nsdli.com
E-Voting Arrangements
Ballarpur Industries has engaged National Securities Depository Limited (NSDL) to provide comprehensive e-voting facilities. The company offers both remote e-voting and e-voting during the AGM sessions.
E-Voting Schedule: Details Remote E-Voting Start: Wednesday, May 06, 2026 (09:00 a.m. IST) Remote E-Voting End: Sunday, May 10, 2026 (05:00 p.m. IST) Cut-off Date: Monday, May 04, 2026
Shareholder Participation Guidelines
Members attending the AGM through VC/OAVM who have not cast their votes through remote e-voting will be able to exercise voting rights during the meeting. However, shareholders who have already voted remotely may attend the AGM but cannot vote again.
For new shareholders who acquired shares after the AGM notice dispatch but hold shares as of the cut-off date, the company has provided specific instructions to obtain USER ID and Password by contacting evoting@nsdli.co.in or sectcdv@biltpaper.in .
Regulatory Compliance
The AGM arrangements comply with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to various MCA and SEBI circulars issued in response to operational requirements.
The newspaper advertisement was published in Financial Express (English - All India edition) and Mumbai Lakshdeep (Marathi - Mumbai Edition) on Thursday, April 16, 2026, ensuring wide accessibility for shareholders across different linguistic preferences.
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Meeting Attendance and Presiding Officer
Mr. Hardik Bharat Patel, Chairman and Whole-Time Director, presided over the meeting. The following directors and key executives were present at the AGM:
Board of Directors:
Mr. Hardik Bharat Patel – Chairman & Whole-Time Director
Mr. Parashiva Murthy B S – Non-Executive Director
Mr. Alok Prakash – Chief Executive Officer & Whole-Time Director
Mr. Kulandaipaian Thangaraju – Independent Director
Mr. P. Swaminathan – Independent Director
Ms. Shweta Jain – Independent Director
Key Executives and Auditors:
Mr. Anil Manoharlal Mehta – Chief Financial Officer
Ms. Surbhi Dinesh Chachada – Company Secretary and Compliance Officer
Mr. Parag Hangekar, Partner – M/s. Batliboi & Purohit, Chartered Accountants, Statutory Auditors
Mr. Viral Sanghavi – Practicing Company Secretary, Proprietor, M/s. Viral Sanghavi & Associates, Secretarial Auditor and Scrutinizer for e-voting
Chairman's Address and Company Developments
In his address, Mr. Hardik Bharat Patel welcomed members and briefed them on key developments at the company. He highlighted the completion of the Corporate Insolvency Resolution Process (CIRP) and the implementation of the approved Resolution Plan submitted by Finquest Financial Solutions Private Limited, as approved by the Hon'ble NCLT, Mumbai Bench, vide order dated March 31, 2023. The Chairman also informed members about the constitution and tenure of the Monitoring Committee, the takeover of the company by the Resolution Applicant, and the subsequent appointment of the new Board of Directors. He further apprised members of the efforts undertaken by the new management for revival of operations and preparation of pending financial statements. The Chairman noted that the Auditors' Report and Secretarial Audit Report contained certain observations and qualifications, which were duly explained in the Annual Report.
E-Voting Process
Ms. Surbhi Dinesh Chachada briefed members on the e-voting facility provided through the NSDL platform, pursuant to Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details of the e-voting process are outlined below:
Parameter: Details Cut-off Date: May 04, 2026 Remote E-Voting Start: 9:00 A.M. (IST), Wednesday, May 06, 2026 Remote E-Voting End: 5:00 P.M. (IST), Sunday, May 10, 2026 Scrutinizer: Mr. Viral Sanghavi, M/s. Viral Sanghavi & Associates E-Voting Platform: NSDL
Business Transacted
The following ordinary businesses, as set out in the AGM notice, were transacted at the meeting:
Resolution No.: Description 1. Ordinary Resolution for adoption of audited financial statements (including consolidated financial statements) for the financial year ended March 31, 2024, and the reports of the Board of Directors and auditors thereon 2. Ordinary Resolution for re-appointment of Mr. Parashiva Murthy B S (DIN: 00011584) as Non-Executive Non-Independent Director 3. Ordinary Resolution for rectification of remuneration of Cost Auditors
All three resolutions set out in the AGM notice were passed with the requisite majority through the remote e-voting and electronic voting system available during the meeting.
Shareholder Queries and Closure
Ms. Surbhi Dinesh Chachada informed members that the company had provided shareholders the opportunity to submit queries via email ahead of the AGM. As the registered speaker shareholder did not join the meeting, members were requested to send their queries to sectdiv@biltpaper.in . The Chairman concluded the meeting by thanking members for their continued cooperation and support, and expressing gratitude to all stakeholders, employees, government authorities, and regulatory bodies. The voting results along with the Scrutinizer's Report are to be placed on the company's website and on the websites of BSE Limited, National Stock Exchange of India Limited, and NSDL, within the statutory time limits.
Ballarpur Industries Limited has formally published newspaper advertisements announcing its upcoming Annual General Meetings, marking a significant corporate governance milestone for the paper manufacturing company.
AGM Schedule and Format
The company will conduct its 79th and 80th Annual General Meeting for Financial Years 2023-24 and 2024-25 respectively on Monday, May 11, 2026. Both meetings will be held through Video Conferencing (VC) and Other Audio Visual Means (OAVM), with the registered office serving as the deemed venue.
Meeting Details: Information 79th AGM Time: 1:00 P.M. (IST) 80th AGM Time: 2:00 P.M. (IST) Date: Monday, May 11, 2026 Format: Video Conferencing/OAVM Deemed Venue: Registered Office
Electronic Distribution and Compliance
In compliance with Companies Act, 2013 and various MCA circulars, the company dispatched AGM notices along with Annual Reports for 2023-24 and 2024-25 electronically on April 15, 2026. The documents were sent to members whose email addresses were registered with the company or Depository Participants.
The AGM notice and Annual Reports are also available on multiple platforms:
Company website: https://biltpaper.in
NSE website: www.nseindia.com
BSE website: www.bseindia.com
NSDL website: www.evoting.nsdli.com
E-Voting Arrangements
Ballarpur Industries has engaged National Securities Depository Limited (NSDL) to provide comprehensive e-voting facilities. The company offers both remote e-voting and e-voting during the AGM sessions.
E-Voting Schedule: Details Remote E-Voting Start: Wednesday, May 06, 2026 (09:00 a.m. IST) Remote E-Voting End: Sunday, May 10, 2026 (05:00 p.m. IST) Cut-off Date: Monday, May 04, 2026
Shareholder Participation Guidelines
Members attending the AGM through VC/OAVM who have not cast their votes through remote e-voting will be able to exercise voting rights during the meeting. However, shareholders who have already voted remotely may attend the AGM but cannot vote again.
For new shareholders who acquired shares after the AGM notice dispatch but hold shares as of the cut-off date, the company has provided specific instructions to obtain USER ID and Password by contacting evoting@nsdli.co.in or sectcdv@biltpaper.in .
Regulatory Compliance
The AGM arrangements comply with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to various MCA and SEBI circulars issued in response to operational requirements.
The newspaper advertisement was published in Financial Express (English - All India edition) and Mumbai Lakshdeep (Marathi - Mumbai Edition) on Thursday, April 16, 2026, ensuring wide accessibility for shareholders across different linguistic preferences.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.
Disclaimer:
The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.
We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.