Balkrishna Paper Mills Announces Scheme of Share Capital Reduction, Receives Exchange Confirmation
Balkrishna Paper Mills Limited (BPML) has provided an update regarding its proposed Scheme of Reduction of Share Capital, confirming key procedural milestones related to the corporate restructuring.The company previously informed stakeholders of the decision taken by the Board of Directors approving the proposed scheme. This approval was given on December 23, 2025, concerning the scheme under Section 66 read with Section 52 of the Companies Act, 2013, and other applicable rules.
BPML confirmed that the company has received letters from both the BSE Limited and the National Stock Exchange of India Limited, dated April 3, 2026.
The company reiterated that the Scheme remains strictly subject to various statutory and regulatory approvals. These approvals include, but are not limited to, clearances from the National Company Law Tribunal and the necessary approvals from the Company's Shareholders.
BALKRISHNA Stock Price Movement
On Friday, Balkrishna Paper Mills Limited shares edged higher, finishing the session at ₹17.81 after gaining 6.02% from its previous close. The stock saw solid investor interest, trading on a total volume of 41,559 shares.Source:
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