Balkrishna Paper Mills Limited (BPML) has announced the sale of machinery at its Ambivali factory for a total consideration of ₹13,61,80,000 plus applicable GST. The company has already received ₹2,72,36,000 as a 20% advance payment on 12 March 2026.
The agreement for the sale was signed on 9 March 2026, with the completion of the transaction expected by 8 September 2026. The buyer, Symcom Exim Pvt Ltd, is not related to BPML’s promoter group, directors, or key managerial personnel, and the transaction does not qualify as a related party transaction.
The machinery in question contributed ₹232.36 lakh to BPML’s revenue for the financial year ending 31 March 2025, representing 96.35% of the company’s total revenue. The net worth of the company as of the same date stood at a negative ₹16,892.83 lakh.
This disposal is outside the Scheme of Arrangement, and BPML has secured the necessary shareholder approval via a postal ballot conducted on 13 February 2025.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
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