Balkrishna Paper Mills Approves FY26 Audited Results, Reappoints Key Management
Balkrishna Paper Mills reported audited financial results for FY26. Revenue from operations was ₹473.22 lakhs for the year, with a net loss of ₹688.58 lakhs. Key management reappointments include Anuraag Poddar as CMD (Feb 2027-Feb 2030), Manish Malpani as WTD & CFO (Dec 2026-Dec 2029), and Prof. Mangesh D. Teli as Independent Director (Dec 2026-Dec 2031). Auditors raised concerns about the company's going concern ability.
The qualified audit opinion regarding the company's going concern status and the substantial net loss are critical factors that will significantly impact investor confidence and the company's future operations.
The company reported a significant net loss for the year and quarter, and the auditor's report raised concerns about the company's ability to continue as a going concern due to its negative net worth and discontinued operations.
Balkrishna Paper Mills Limited announced the outcome of its Board Meeting held on May 22, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026. The company reported a revenue from operations of ₹88.96 lakhs for the quarter and ₹473.22 lakhs for the year ended March 31, 2026. The net loss for the quarter was ₹214.19 lakhs, and for the year, it was ₹688.58 lakhs.
Additionally, the Board approved the re-appointment of M/s. K. M. Garg & Co. as Internal Auditors for FY 2026-27. Shri Anuraag Poddar was re-appointed as Chairman and Managing Director for a period of three years from February 11, 2027, to February 10, 2030. Shri Manish Malpani was re-appointed as Whole Time Director & CFO for three years from December 9, 2026, to December 8, 2029. Prof. (Dr.) Mangesh D. Teli was re-appointed as a Non-Executive Independent Director for a second term of five years from December 9, 2026, to December 8, 2031.
The auditors' report highlighted a material uncertainty regarding the company's ability to continue as a going concern due to its negative net worth of ₹17,544.16 lakhs as of March 31, 2026, and the discontinuation of its manufacturing activity at Ambivali. The company's ability to continue as a going concern is dependent on future cash flow generation.
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