Balrampur Chini Mills board approves Rs. 450 crore preferential issue, PLA capex hike
Balrampur Chini Mills · Agricultural Food & other Products
Key highlights
- Board approved a preferential issue of up to 93,16,771 equity shares at Rs. 483 each, up to Rs. 450 Crore, to 11 investors; subject to shareholder approval at EGM on 20th May 2026.
- PLA Project (80,000 TPA) capex revised to Rs. 3,080 crores from Rs. 2,850 crores, including cost escalations of Rs. 230 crores; funded by preferential equity, debt and internal accruals.
- Board approved a Lactogypsum plant at Kumbhi, UP, up to Rs. 160 crores, 76 lakh gypsum boards per annum; commercial production expected by December 2027 or around, subject to approvals.
Why it's rated notable: the amount is 47% of annual revenue (20% or more for adverse news)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement Under Regulation 30-Updates
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Balrampur Chini Mills
- Dividend / buyback / bonusMajor developmentBalrampur Chini Mills Limited announces Q2 & H1 FY27 financial results and interim dividend
- Fundraise / allotmentNotable· Adverse for the businessBalrampur Chini Mills appoints Ms. Vartika Shukla as Independent Director; Q1 results
- Fundraise / allotmentNotableBalrampur Chini Mills receives in-principle approval for preferential share issue
- Board / shareholder meeting outcomeNotableBalrampur Chini Mills EGM passes preferential equity issue resolution on May 20, 2026
- Financial resultsMajor development· Adverse for the businessBalrampur Chini Mills approves FY 2025-26 audited results and re-appoints two directors
Other fundraise / allotment filings this fortnight
- IIFL Finance Limited announces preferential issue of shares and amendments on Nov 10, 2026
- IIFL Finance to raise ₹6,414 crore in primary equity infusion led by Blackstone
- Bajaj Finserv subscribes to 5,74,25,740 Bajaj Finance warrants at ₹1,010 each
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
Potential multibaggers · Q2 FY27
Potential multibaggers in Agricultural Food & other Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.