Integrated Filing — IndAS



General information about company
Scrip Code 500102
NSE Symbol BALLARPUR
MSEI Symbol NOTLISTED
ISIN INE294A01037
Name of company BALLARPUR INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Paper and Paper related Products
Start date and time of board meeting 26-May-2025   18:30:00
End date and time of board meeting 26-May-2025   22:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-13
Indicate Company website link for updated RPT policy of the Company https://biltpaper.in/policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NA



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 27392000 186108000
Other income 2143000 20205000
Total income 29535000 206313000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 921000 55428000
(d) Employee benefit expense 35950000 95136000
(e) Finance costs 105796000 428750000
(f) Depreciation, depletion and amortisation expense 23803000 103766000
(f) Other Expenses
1 Other Expenses 41400000 149930000
2 NA 0 0
3 NA 0 0
4 NA 0 0
5 NA 0 0
6 NA 0 0
7 NA 0 0
8 NA 0 0
9 NA 0 0
10 NA 0 0
Total other expenses 41400000 149930000
Total expenses 207870000 833010000
3 Total profit before exceptional items and tax -178335000 -626697000
4 Exceptional items -124473000 -40873000
5 Total profit before tax -302808000 -667570000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -302808000 -667570000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -302808000 -667570000
17 Other comprehensive income net of taxes -650000 -650000
18 Total Comprehensive Income for the period -303458000 -668220000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 550000000 550000000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 4065963000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -5.51 -12.14
Diluted earnings (loss) per share from continuing operations -5.51 -12.14
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -5.51 -12.14
Diluted earnings (loss) per share from continuing and discontinued operations -5.51 -12.14
24 Debt equity ratio 0.0149 0.0149
25 Debt service coverage ratio -0.0007 -0.0008
26 Interest service coverage ratio -0.0069 -0.0046
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 5831630000
Capital work-in-progress 834608000
Investment property 0
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 500000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 53849000
Total non-current financial assets 54349000
Deferred tax assets (net) 0
Other non-current assets 148922000
Total non-current assets 6869509000
2 Current assets
Inventories 110365000
Current financial asset
Current investments 0
Trade receivables, current 330000
Cash and cash equivalents 87358000
Bank balance other than cash and cash equivalents 2878000
Loans, current 0
Other current financial assets 348341000
Total current financial assets 438907000
Current tax assets (net) 0
Other current assets 148363000
Total current assets 697635000
3 Non-current assets classified as held for sale 4950902000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 12518046000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 550000000
Other equity 4065962000
Total equity attributable to owners of parent 4615962000
Non controlling interest
Total equity 4615962000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 5829790000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 416315000
Total non-current financial liabilities 6246105000
Provisions, non-current 54350000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 6300455000
Current liabilities
Current financial liabilities
Borrowings, current 1048244000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 559000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 32081000
Total Trade payable 32640000
Other current financial liabilities 283852000
Total current financial liabilities 1364736000
Other current liabilities 203082000
Provisions, current 33811000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1601629000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 7902084000
Total equity and liabilites 12518046000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Actuarial Gains/(Loss) on post - employment defined benefit plan -650000 -650000
Total Amount of items that will not be reclassified to profit and loss -650000 -650000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -650000 -650000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -667570000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 428750000
Adjustments for decrease (increase) in inventories 59684000
Adjustments for decrease (increase) in trade receivables, current 60000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -106406000
Adjustments for decrease (increase) in other non-current assets -55035000
Adjustments for other financial assets, non-current -40000
Adjustments for other financial assets, current 3702000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -67421000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -71802000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 0
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -116923000
Adjustments for provisions, non-current -4367000
Adjustments for other financial liabilities, current 26751000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 17127000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 134000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 244265000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 324225000
Net cash flows from (used in) operations -343345000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 1993000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -345338000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 550000
Purchase of property, plant and equipment 878884000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 83600000
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 23022000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 40500000
Net cash flows from (used in) investing activities -731212000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 994988000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 156533000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 838455000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -238095000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -238095000
Cash and cash equivalents cash flow statement at beginning of period 328331000
Cash and cash equivalents cash flow statement at end of period 90236000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 BATLIBOI & PUROHIT Yes 30-Apr-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 206313000 0
2 Total Expenditure 873883000 0
3 Net Profit/(Loss) -668220000 0
4 Earnings Per Share -12.14 0
5 Total Assets 12518046000 0
6 Total Liabilities 7902084000 0
7 Net Worth 4615963000 0


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) As per attached Statement of Impact along with Financial Results
Textual Information(2) Not Quantified by the Auditors
Textual Information(3) NA
Textual Information(4) The delay in the submission of financials was not due to any intentional non-compliance on the part of the Company. The availability of certain crucial documents was a challenge, and despite our best efforts to expedite the process, the finalization of financials was delayed. We have filed an Interlocatory Application (IA) before Hon. National Company Law Tribunal (NCLT), Mumbai Bench for providing extension/ exemption for statutory filings which includes financial statement for FY24-25. The aforesaid IA is pending with NCLT, and the Company is quite optimistic to get the relief. Consequent to receiving the affirmation from NCLT the company shall further seek the waiver of the aforesaid penalty from NSE which the company anticipates waiver from the respective Stock Exchange. The imposition of this fine under the current scenario appears to be disproportionate, considering the unique complications and the challenges posed due to non- availability of data from the Erstwhile Promoters / Resolution Professional. Charging such a significant penalty under these circumstances would be unfair to the Company, as the delays were purely procedural and unintended. In light of this, we are hopeful that the NSE will favourably consider our waiver request, and thus, no provision has been made for the penalty in our books. We firmly believe that the Company has acted in good faith, and with due diligence, and the imposition of this penalty is not reflective of any negligence or disregard for compliance on our part.
Textual Information(5) No further comments


Signatories detail
Name of CEO / Managing director Hardik Bharat Patel
Name of CFO Hardik Bharat Patel
Name of audit committee chairman Panchapakesan Swaminathan
Name of statutory auditor Batliboi & Purohit
Name of other signatory, if any, with designation Parag Hangekar, Partner
Place Mumbai
Date 26-May-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Ballarpur Industries Limited Finquest Financial Solutions Pvt. Ltd. Holding Company Any other transaction Loan Taken Pursuant to the Resolution Plan approved by NCLT 780000000 0 780000000
2 Ballarpur Industries Limited Finquest Financial Solutions Pvt. Ltd. Holding Company Interest paid Pursuant to the Resolution Plan approved by NCLT 7291000 0 0
3 Ballarpur Industries Limited Finquest Financial Solutions Pvt. Ltd. Holding Company Any other transaction Redeemption of 7% Listed NCDs Pursuant to the Resolution Plan approved by NCLT 9000000 109100000 100100000
4 Ballarpur Industries Limited Finquest Financial Solutions Pvt. Ltd. Holding Company Any other transaction Interest Payable Pursuant to the Resolution Plan approved by NCLT 0 2369000 9358000
5 Ballarpur Industries Limited Finquest Financial Solutions Pvt. Ltd. Holding Company Any other transaction Outstanding Balance of CRPS Pursuant to the Resolution Plan approved by NCLT 0 23833000 24963000
6 Ballarpur Industries Limited Finquest Financial Solutions Pvt. Ltd. Holding Company Any other transaction Amortization cost of CRPS Pursuant to the Resolution Plan approved by NCLT 110000 0 0
7 Ballarpur Industries Limited Finquest Financial Solutions Pvt. Ltd. Holding Company Any other transaction Outstanding Balance of Unsecured 0% NCDs Pursuant to the Resolution Plan approved by NCLT 0 761303000 0
8 Ballarpur Industries Limited Hardik Bharat Patel Whole Time Director and Chief Financial Officer Any other transaction Loan Taken Pursuant to the Resolution Plan approved by NCLT 424000000 0 0
9 Ballarpur Industries Limited Hardik Bharat Patel Whole Time Director and Chief Financial Officer Any other transaction Loan Repaid Pursuant to the Resolution Plan approved by NCLT 657200000 0 0
10 Ballarpur Industries Limited Hardik Bharat Patel Whole Time Director and Chief Financial Officer Any other transaction Outstanding Balance of Loan Pursuant to the Resolution Plan approved by NCLT 0 325200000 92000000
11 Ballarpur Industries Limited Hardik Bharat Patel Whole Time Director and Chief Financial Officer Any other transaction Outstanding Balance of NCDs Pursuant to the Resolution Plan approved by NCLT 0 637289000 637289000
12 Ballarpur Industries Limited Hardik Bharat Patel Whole Time Director and Chief Financial Officer Any other transaction Amortization of Premium on 0% NCDs Pursuant to the Resolution Plan approved by NCLT 30365000 0 0
13 Ballarpur Industries Limited Panchapakesan Swaminathan Independent Director Any other transaction Sitting Fees Approved by audit committee 185000 0 0
14 Ballarpur Industries Limited Kulandaipaian Thangaraju Independent Director Any other transaction Sitting Fees Approved by audit committee 150000 0 0
15 Ballarpur Industries Limited Parashiva Murthy B S Director Any other transaction Sitting Fees Approved by audit committee 110000 0 0
16 Ballarpur Industries Limited Y. Keshava Reddy Whole Time Director Any other transaction Remuneration Payable Approved by audit committee 175000 0 0
17 Ballarpur Industries Limited Y. Keshava Reddy Whole Time Director Any other transaction Remuneration Approved by audit committee 1050000 0 0
18 Ballarpur Industries Limited Punit Bajaj Company Secretary Any other transaction Remuneration Approved by audit committee 900000 0 0
19 Ballarpur Industries Limited Punit Bajaj Company Secretary Any other transaction Remuneration Payable Approved by audit committee 150000 0 0
Total value of transaction during the reporting period 1910686000