Burnpur Cement Ltd Approves Q1 Unaudited Results, Announces AGM Amid Going Concern Assessment
Burnpur Cement Limited has approved its un-audited stand-alone financial results for the first quarter ended June 30, 2026. The company also scheduled its fortieth Annual General Meeting (AGM) and detailed operational updates following the Board meeting held on July 30, 2026.The management of Burnpur Cement Limited confirmed that it is not reasonably likely to meet its obligations in the normal course of business over the next twelve months, noting that the company currently lacks a functional production unit. Despite this status, the company's management stated that it remains hopeful by exploring opportunities for mergers, acquisitions, or other strategic transactions to establish itself as a going concern.
Q1 Financial Performance Overview
The un-audited financial results reflect significant losses during the quarter. The complete figures and performance across various periods are detailed below:| Particulars | Quarter ended 30.06.2026 (Unaudited) | Quarter ended 31.03.2026 (Audited) | Quarter ended 30.06.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total income from operation | - | - | - | - |
| Total Income | - | - | - | - |
| Total expenses | 2074.12 | 1896.26 | 7923.86 | |
| Profit/(Loss) before exceptional items and Tax | (2156.61) | (2074.12) | (1896.26) | (7923.86) |
| Total Tax expense | (0.21) | -0.22 | -0.88 | |
| Profit/(Loss) for the period from continuing operations | (2156.61) | (2073.91) | (1896.04) | (7922.98) |
The management reported that the loss incurred during the quarter ended June 30, 2026, amounted to Rs. 2156.61 lakhs. A major contributor to this loss was the Finance cost, which stood at Rs. 2114.90 Lakh. The company is primarily involved in manufacturing and sale of Cement, and it has no separate reportable segments as per Ind AS 108.
Operational Status and Key Developments
The operational status of Burnpur Cement Limited was reviewed, noting that the entire immovable and movable assets of the company situated at Patratu were sold to M/s Ultratech Cement Limited by an auction process in November 2023.The management noted that the financial results have been assessed against the ability to continue as a going concern, given the lack of a functional production unit. In addition to these operational challenges, the company is involved in several ongoing direct and indirect tax litigations, whose impact is not ascertainable at present. The review also highlighted that there are cash holdings amounting to Rs. 22.90 lakhs pertaining to Asansol Unit, which has been lying as Cash in Hand for more than three years.
Annual General Meeting Details
The fortieth Annual General Meeting of the company has been scheduled for Tuesday, September 22, 2026, at 2:00 p.m., conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM).Key dates and appointments related to the AGM include:
- Record Date: September 15, 2026.
- Members Register Closure: The register of members will be closed for the period from September 16, 2026, to September 22, 2026.
- E-voting Agent: National Securities Depository Limited (NSDL) has been appointed as the e-voting agency.
- Scrutinizer: Ms. Nupur Mimani, Practicing Company Secretary, has been appointed to carry out the e-voting process.
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