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Ballarpur Industries Announces Financial Approvals and Leadership Changes

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Ballarpur Industries Announces Financial Approvals and Leadership Changes

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An announcement from Ballarpur Industries Limited ( (IN:BALLARPUR) ) is now available.

Ballarpur Industries Limited announced several key outcomes from its recent Board of Directors meeting. The company approved the audited consolidated financial statements for the years ending March 31, 2021, 2022, and 2023, all of which received modified opinions from their auditors, M/s. Batliboi & Purohit. Additionally, the board approved the allotment of 23,00,000 unlisted non-cumulative redeemable preference shares to Finquest Financial Solutions Private Limited. The company also appointed M/s Todarwal & Todarwal LLP as internal auditors for the upcoming financial years and named Mr. Alok Prakash as the new Chief Executive Officer, effective immediately.

More about Ballarpur Industries Limited

Ballarpur Industries Limited operates in the paper manufacturing industry, focusing on the production of a variety of paper products. The company is part of the Finquest Group and is headquartered in Mumbai, India.

Current Market Cap: 1.15B INR

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

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