Balrampur Chini Mills Approves ₹450 Crore Preferential Issue, ₹200 Crore NCDs, and Capex Revision
Balrampur Chini Mills will raise up to ₹450 crore via preferential issue and ₹200 crore through NCDs. The PLA project capex is revised to ₹3,080 crore from ₹2,850 crore. A new Gypsum Processing Plant will be set up at ₹160 crore. An EGM is scheduled for May 20, 2026.
The preferential issue and NCD issuance represent significant fundraising activities. The revision in capex for the PLA project and the establishment of a new processing plant are substantial corporate actions that will impact the company's financial structure and operational capacity.
The company is undertaking multiple fundraising initiatives and strategic investments in new projects, indicating growth and expansion plans.
Balrampur Chini Mills Limited announced that its Board of Directors, in a meeting held on April 23, 2026, approved a Preferential Issue of up to 93,16,771 equity shares at ₹483 per share, aggregating up to ₹450.00 crore. The issue is proposed to promoters, promoter group, and non-promoters.
Additionally, the Board approved the issuance of listed, secured, non-convertible debentures (NCDs) aggregating up to ₹200 crore on a private placement basis. The company also revised the capital expenditure for its Poly Lactic Acid (PLA) Project from ₹2,850 crore to ₹3,080 crore due to cost escalations.
Furthermore, the Board approved the establishment of a Gypsum Processing Plant at Kumbhi, Uttar Pradesh, with an estimated project cost of up to ₹160 crore. This project aims to process Lactogypsum, a by-product of PLA manufacturing, for value addition. The funding for this plant will be partially sourced from the proceeds of the Preferential Issue.
An Extra-Ordinary General Meeting (EGM) will be convened on Wednesday, May 20, 2026, to seek shareholder approval for these proposals. The board meeting commenced at 11:00 AM and concluded at 2:45 PM.
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Balrampur Chini Mills Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Balrampur Chini Mills Limited. Read the original for the full detail.