tiprankstipranks
Trending News
More News >

Ballarpur Industries Announces Financial Approvals and Leadership Changes

Story Highlights
  • Ballarpur Industries approved audited financial statements for 2021-2023 with modified opinions.
  • The company allotted 2.3 million preference shares and appointed a new CEO.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Ballarpur Industries Limited ( (IN:BALLARPUR) ) has provided an announcement.

Ballarpur Industries Limited announced the approval of its audited consolidated financial statements for the years ending March 31, 2021, 2022, and 2023, all of which received modified opinions from its auditors. Additionally, the company has allotted 2,300,000 unlisted non-cumulative redeemable preference shares to Finquest Financial Solutions Private Limited, aggregating to INR 23 crore. The Board also appointed Mr. Alok Prakash as the new Chief Executive Officer, effective April 16, 2025, and appointed M/s Todarwal & Todarwal LLP as internal auditors for the upcoming financial years.

More about Ballarpur Industries Limited

Ballarpur Industries Limited is a company involved in the paper industry, primarily focusing on the production and distribution of paper products. It is part of the Finquest Group and operates out of its registered office in Mumbai, India.

Current Market Cap: 1.15B INR

For an in-depth examination of BALLARPUR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App