Balkrishna Paper Mills Ltd — Capital/Financing Update 2024

Mar 11, 2024

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Ref : OPS : BPML : RI : 2023-24 March 11,2024

To,

Listing Operations Department, BSE Limited, P.J. Towers, Dalal Street, Mumbai – 400 001. BSE Scrip Code: 539251

Listing Department, National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai-400051. NSE Trading Symbol: BALKRISHNA

ISIN: INE875R01011

Sub : Regulation 30 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "SEBI Listing Regulations")

__________

Dear Sir / Madam,

This is in furtherance to our intimation on the Outcome of the meeting of the Board of Directors of the Company held on 16[th] September, 2023 where the issue of fully paid- up Equity Shares of the Company was approved by way of a rights issue for an amount of not exceeding Rs. 47.00 Crores (Rupees Forty Seven Crores) in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws.

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Record date for the purpose of determining the shareholders who shall be eligible to apply for the Rights Issue, would be Friday, March 15, 2024 , as decided by the Rights Issue Committee in its meeting held today, i.e., Monday, March 11, 2024.

The Rights Issue Committee also approved the following schedule for the Rights Issue:

Symbol /	Type of	Particulars	Details
Scrip Code	security
NSE Trading Symbol: BALKRISHNA BSE Scrip Code: 539251	Equity	Rights Equity Shares to be Issued	Fully paid up 2,14,79,688 Equity Shares of face value of Rs. 10/- each
		Type of securities proposed to be Issued	Fully paid-up Equity Shares of face value of Rs. 10/- each(“Rights EquityShares")
		Type of Issuance	Rights Issue of fully paid-upEquityShares
		Issue Price	Rs. 21/-per Rights EquityShare
		Issue Size	Rs. 4510.73 Lakhs
		Ratio	2 (Two) Equity Shares for every 1 (One) Equity Share held bythe Shareholders as on record date.
		Record Date	Friday, March 15, 2024for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue

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Symbol /	Type of	Particulars	Details
Scrip Code	security
			(“Eligible EquityShareholders").
		Right Issue Period	Rights Issue Opening Date: April 02, 2024 Last Date of Market Renunciations: April 08, 2024 Rights Issue Closing Date: April 15, 2024 _Eligible Equity Shareholders are requested to ensure_ that renunciation through off-market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the Renouncee(s) on or prior to the Issue Closing Date. **Our Board or a duly authorized committee thereof will have the right to extend the Issue period as it may determine from time to time but not exceeding 30 (thirty) days from the Issue Opening Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date.
		Terms of Payment	Full amount of Rs. 21/- per Equity Share is payable on application.

The detailed terms of the Rights Issue including the procedure for applying in the Rights Issue and fractional entitlements will be specified in the Letter of Offer which will be filed by the Company with National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) for record purpose only.

This intimation is issued in terms of Regulation 30 and 42 of SEBI Listing Regulations.

The Meeting concluded at 6.30 P.M.

Kindly take it on your records and display the same on the website of your Stock Exchange.

Thanking you,

Yours faithfully,

For Balkrishna Paper Mills Limited

OMPRAKASH SINGH Digitally signed by OMPRAKASH SINGH Date: 2024.03.11 18:38:17 +05'30'

(Omprakash Singh Company Secretary & Compliance Officer

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