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13th-May-2019 13:43Source: BSE

Balkrishna Paper Mills - Outcome of Board Meeting

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in their meeting held on 13th May, 2019, have inter alia approved the following in accordance with the applicable provisions of the Companies Act, 2013 and Listing Regulations, subject to approval of the Members either by way of Postal Ballot or at General Meeting:
1. Increase in Authorised Share Capital from Rs.36 Crores to Rs.118 Crores.
2. Issuance of Non-Cumulative Redeemable Preference Shares upto Rs.60 Crores in one or more tranches.
3. Issuance of Non-convertible Debentures upto Rs.25 Crores in one or more tranches.
Board of Directors has interalia also approved the Audited Financial Results of the Company for the quarter and year ended March 31, 2019. Enclosed following:
1. Audited Financial Results for the quarter and year ended March 31, 2019,
2. Audit Report i
Letter with enclosures is attached.

Board Meeting (Balkrishna )

Meeting Date



Quarterly Results

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