Balkrishna Paper Mills Limited Announces Quarterly Results Amid Negative Net Worth and Auditor Qualifications
Balkrishna Paper Mills Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved these results following a meeting held on August 12, 2026. These results are accompanied by a review report from Statutory Auditors, M/s D S M R & Co, Chartered Accountants.A critical aspect highlighted in the financial reporting is the company’s net worth, which stood at negative Rs. 17,723.83 Lakhs as of June 30, 2026. This negative figure relates to the discontinuance of the manufacturing activity of paper and paperboard located in Ambivali.
The independent auditors reviewed the financial statement and noted that the company's ability to continue as a going concern is dependent on generating expected cash flows sufficient to meet its obligations as they arise.
The review conducted by M/s D S M R & Co resulted in a qualified conclusion. The auditor stated that, based on their review, the accompanying statement had not disclosed required information or did not contain any material misstatement concerning the matter described, resulting in a qualified opinion. This review was performed according to Standard on Review Engagements (SRE) 2410 of the Institute of Chartered Accountants of India.
BALKRISHNA Stock Price Movement
On Wednesday, Balkrishna Paper Mills Limited shares edged higher by 1.49%, closing at ₹17.61. The stock completed trading with a volume of 10,286 shares as the company concluded its session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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