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Ballarpur Industries Announces Financial Approvals and Leadership Changes

Story Highlights
  • Ballarpur Industries approved audited financials for 2021-2023 with modified opinions.
  • The company appointed a new CEO and issued preference shares to Finquest Financial Solutions.
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Ballarpur Industries Announces Financial Approvals and Leadership Changes

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The latest update is out from Ballarpur Industries Limited ( (IN:BALLARPUR) ).

Ballarpur Industries Limited has announced several key decisions following a Board of Directors meeting. The company approved audited financial statements for the years ending March 31, 2021, 2022, and 2023, all of which received modified opinions from the statutory auditors. Additionally, the company has allotted 23 lakh unlisted non-cumulative redeemable preference shares to Finquest Financial Solutions Private Limited, 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 April 16, 2025. These decisions are likely to impact the company’s financial structuring and leadership dynamics.

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 based in Mumbai, India.

Current Market Cap: 1.15B INR

Find detailed analytics on BALLARPUR stock on TipRanks’ Stock Analysis page.

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