Balrampur Chini Mills Ltd Announces Q2 Results and Appoints New Independent Director

Balrampur Chini Mills Ltd Announces Q2 Results and Appoints New Independent Director​

Balrampur Chini Mills Limited (BCML) announced the outcome of its Board Meeting held on August 11, 2026, detailing the Unaudited Financial Results for the quarter ended June 30, 2026, and confirming the appointment of Ms. Vartika Shukla as an Additional Director.

The company's board reviewed and approved both the Standalone and Consolidated financial results for the recently concluded quarter. Simultaneously, BCML confirmed that Ms. Vartika Shukla has been appointed as a Non-Executive Independent Director. This position is effective from August 11, 2026, and was set for a term of five consecutive years, expiring on August 10, 2031.

Ms. Shukla's appointment was made following the recommendation of the Nomination and Remuneration Committee. The company confirmed that Ms. Shukla is not debarred from holding office by any statutory authority, nor is she related to any current directors of the company.

Financial Highlights for Qended 30-06-2026​

The Unaudited Standalone Financial Results showed strong performance across several metrics. Revenue from operations stood at 163679.30 lakh during the three months ended June 30, 2026, compared to 154227.45 lakh in the preceding quarter ending March 31, 2026. Total income reached 165170.30 lakh.

The company recorded total expenses of 159965.98 lakh for the period. With a Profit Before Tax (PBT) of 5204.32 lakh, the Profit for the Period, after tax and other comprehensive income adjustments, was recorded at 3858.63 lakh.

A summary of the Unaudited Standalone Financial Results compared to previous periods is provided below:

Corporate Governance and Capital Structure Updates​

The company's capital structure saw significant changes during the quarter ended June 30, 2026. The Company issued and allotted 9316771 equity shares of par value of ₹1/- each on a preferential basis for cash. This issuance was made at an issue price of ₹483/- per share, which included a securities premium of ₹482/- per share, aggregating to 45000.00 lakhs upon receipt of requisite approvals.

Consequently, the issued, subscribed and paid-up equity share capital increased to 211267207 equity shares as at June 30, 2026.

In terms of employee stock plans, during the quarter ended June 30, 2026:

• 12777 Employee Stock Appreciation Rights (ESARs) were granted under the "BCML ESAR 2023" plan.
• 63473 ESARs were cancelled.
• 89991 ESARs were exercised.

As of June 30, 2026, there were 2710841 outstanding ESARs. An amount of 0.26 lakhs was recognized as share application money pending allotment from the exercise of these rights. Additionally, 1118513 Restricted Stock Units (RSUs) remained outstanding as at June 30, 2026.

Regarding fund utilization, the company utilized 17074.00 lakhs towards the objects of the issue for the stock issuance. The remaining balance of issue proceeds, amounting to 27926.00 lakhs, has been temporarily invested in bank deposits and money market mutual funds pending final utilization.

Consolidated Results and Future Meetings​

The Unaudited Consolidated Financial Results also reviewed the performance of its Associate Company, Auxilo Finserve Private Limited (AFPL). The company's share of net profit after tax for AFPL stood at 556.01 lakhs, with a total comprehensive income of 514.31 lakhs for the quarter ended June 30, 2026.

In other corporate developments, BCML released a revised notice for its 50th Annual General Meeting (AGM). The AGM is scheduled for Wednesday, September 16, 2026, and will be held via Video Conferencing or Audio-Visual Means.

BALRAMCHIN Stock Price Movement​

Shares of Balrampur Chini Mills Limited today slipped by 4.62% to settle at ₹625, finishing lower from the previous close. The equity saw a trading volume of 643,917 shares during the session.