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Latest filing: 2026-08-08 14:35
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13 announcements match the current filters (relevance ≥ 5).
80% Capital Reduction: Burnpur Cement to Resume Trading of 1.72 Cr Shares on August 11
Burnpur Cement has received trading approval from NSE and BSE for 1,72,24,873 equity shares following an 80% capital reduction mandated by an NCLT resolution plan. The share capital has been reduced from Rs 86.12 Cr to Rs 17.22 Cr, with five shares of Rs 2 each consolidated into one share of Rs 10. Trading is scheduled to resume on August 11, 2026, in the Trade-for-Trade (T Group) segment for the first 10 days. This restructuring follows the total sale of the company's manufacturing assets by lenders, which has resulted in zero revenue for the TTM period.
Confidence: HIGH
What changedThe company's equity base has been restructured on the stock exchanges, reflecting an 80% reduction in share count as per the NCLT-approved resolution plan.
Why it mattersThis is a procedural requirement to maintain listing status post-restructuring; however, the company remains in a critical financial state with a net worth of Rs -574 Cr and zero operational revenue.
Post-reduction shares: 1,72,24,873Capital reduction percentage: 80%New Paid-up Capital: Rs 17.22 CrTTM Revenue: Rs 0 CrNet Worth: Rs -574 Cr
📅 Short termExpect high volatility and low liquidity when trading resumes on August 11, 2026, due to the Trade-for-Trade restriction and the significant reduction in share count.
📈 Long termThe long-term outlook is highly uncertain and depends entirely on the company's ability to acquire new plants and restart production after its previous assets were sold by lenders.
⚠ Risk flags
- Zero operational revenue
- Negative net worth of Rs 574 Cr
- Total sale of manufacturing assets by lenders
- Extremely low promoter holding at 1.98%
Key Highlights
Total equity shares reduced by 80% from 8,61,24,363 to 1,72,24,873 shares
Paid-up share capital adjusted from Rs 86.12 Cr to Rs 17.22 Cr
Trading to resume on August 11, 2026, under the 'T' Group of securities
Scrip will remain in the Trade-for-Trade segment for 10 consecutive trading days
Resolution plan originally approved by NCLT on October 30, 2024
👀 What to Watch
Investors should monitor the company's progress in acquiring new manufacturing assets in Jharkhand and West Bengal, as current operations and revenue are at zero. The resumption of trading provides liquidity but does not address the fundamental lack of operational capacity (0 MTPA).
Burnpur Cement Q1 FY27: Zero Revenue; Auditor Flags 'Going Concern' Status
Burnpur Cement continues to report zero revenue for the quarter ended June 30, 2026, as operations have been entirely discontinued since November 2023. The statutory auditors have explicitly stated that the company is no longer a 'Going Concern' following the sale of all manufacturing assets by lenders. With a deeply negative net worth of Rs -574 Cr and debt of Rs 563 Cr, the company's survival is contingent on acquiring new plants. Currently, the company has no operational units and holds Rs 22.90 lakhs in idle cash that has been unused for over three years.
Confidence: HIGH
What changedThe auditor has formally acknowledged management's assessment that the company is no longer a 'Going Concern' and confirmed the total absence of operational units.
Why it mattersThe company is effectively a shell entity with no production capacity and significant liabilities; any future value depends entirely on a successful and yet-to-be-funded business revival strategy.
Revenue (Q1 FY27): Rs 0.0 CrNet Worth: Rs -574 CrTotal Debt: Rs 563 CrIdle Cash (Asansol): Rs 22.90 lakhsOperational Capacity: 0 MTPA
📅 Short termThe outlook remains bleak as the company confirms it has no operations and no immediate path to revenue generation.
📈 Long termThe long-term viability is highly speculative and depends on the company's ability to acquire new assets despite its severely distressed balance sheet.
⚠ Risk flags
- Going Concern doubt
- Negative Net Worth
- Zero Revenue
- High Debt
- Unquantified Tax Litigations
Key Highlights
Revenue remains at Rs 0.0 Cr for the quarter ended June 30, 2026, following total cessation of operations in November 2023.
Auditors have confirmed the company is not a 'Going Concern' as all movable and immovable assets at Patratu have been sold.
Cash in hand of Rs 22.90 lakhs at the Asansol unit has remained idle and unused for more than 3 years.
The company faces a massive financial deficit with a negative net worth of Rs -574 Cr against total debt of Rs 563 Cr.
Installed manufacturing capacity stands at 0 MTPA as of the reporting date.
👀 What to Watch
Investors should monitor for any concrete regulatory filings regarding the acquisition of new cement plants, as the company currently lacks any operational assets to generate revenue.
Burnpur Cement Q1 FY27: Management confirms company is no longer a 'Going Concern'
Burnpur Cement's Q1 FY27 results confirm that the company has entirely discontinued operations since November 2023. Management has explicitly stated that the company is not a 'Going Concern' following the sale of all movable and immovable assets at its Patratu unit. The company reported zero revenue for the quarter, continuing a trend seen over the last several quarters, while carrying a massive debt of ₹563 Cr against a negative net worth of ₹-574 Cr. Auditors also flagged ₹22.90 lakhs in idle cash at the Asansol unit that has remained untouched for over three years.
Confidence: HIGH
What changedThe company has formally acknowledged in its financial results that it is no longer a 'Going Concern' and has no operational units.
Why it mattersThis confirms the total cessation of business activity and the depletion of all manufacturing assets, leaving the company as a debt-laden shell with unquantified tax litigations.
Idle Cash (Asansol): ₹22.90 lakhsTotal Debt: ₹563 CrNet Worth: ₹-574 CrRevenue (Q1 FY27): ₹0 CrTTM PAT: ₹-79 Cr
📅 Short termNegative sentiment is expected to persist as the auditor's report highlights the lack of operations and 'Going Concern' status.
📈 Long termThe company's survival is structurally compromised; any recovery depends entirely on a successful acquisition of new manufacturing facilities, which is currently speculative.
⚠ Risk flags
- Going concern risk
- Negative net worth
- Zero revenue operations
- Unquantified tax litigations
- High debt levels
Key Highlights
Operations discontinued in entirety since November 2023 due to continuous losses
Management and auditors confirm the company is not a 'Going Concern' as of June 30, 2026
Zero operational units remaining after the sale of all Patratu assets by lenders under SARFAESI
₹22.90 lakhs in cash at the Asansol unit has been lying idle for more than 3 years
Company remains burdened with ₹563 Cr in debt and a negative net worth of ₹-574 Cr
👀 What to Watch
Investors should exercise extreme caution as the company has no operational assets or revenue; watch for any concrete updates on the management's plan to acquire new plants in Jharkhand or West Bengal, though funding such acquisitions appears difficult given the current balance sheet.
Burnpur Cement Clarifies FY26 Results; Reports ₹79.24 Cr Net Loss and Ceased Operations
Burnpur Cement Limited provided clarifications to the Exchange regarding missing balancing figure notes and XBRL ratio discrepancies in its FY26 financial results. The company reported a net loss of ₹7,923.86 lakhs for the year ended March 31, 2026, largely driven by interest expenses of ₹7,702.51 lakhs. Critically, the auditors and management have confirmed that the company is no longer a 'Going Concern' as all operations were discontinued in November 2023. The company has sold its Patratu unit assets and currently possesses no operational units.
Key Highlights
Net loss widened to ₹7,923.86 lakhs in FY26 from ₹6,660.72 lakhs in FY25.
Interest expenditure of ₹7,702.51 lakhs remains a massive financial burden despite discontinued operations.
Management officially declared the company is not a 'Going Concern' following the total cessation of operations in Nov 2023.
All movable and immovable assets at the Patratu unit have been sold, leaving the company with no active production facilities.
Auditors flagged ₹22.90 lakhs in cash at the Asansol unit that has remained idle for over three years.
👀 What to Watch
Investors should be extremely cautious as the company has no operational business and is not a going concern. The lack of assets and mounting losses indicate a high risk of total capital loss for equity shareholders.
Burnpur Cement FY26 Net Loss Widens to ₹79.21 Cr; Auditor Flags "Going Concern" Risk
Burnpur Cement reported a significant widening of its annual net loss to ₹7,921.62 lakhs for the financial year ended March 31, 2026, compared to a loss of ₹4,242.92 lakhs in the previous year. The company's operations have been entirely discontinued since November 2023, and all movable and immovable assets at its Patratu unit have been sold. Statutory auditors have highlighted that the company is no longer a "Going Concern," with management acknowledging this status. Additionally, the company is facing several indirect tax litigations and holds idle cash of ₹22.90 lakhs that has been unused for over three years.
Key Highlights
Annual net loss widened significantly to ₹7,921.62 lakhs in FY26 from ₹4,242.92 lakhs in FY25
The company has discontinued all operations since November 2023 and sold its Patratu unit assets
Auditors and management have confirmed the company is no longer a "Going Concern"
Full-year EPS deteriorated to -₹45.99 from -₹24.63 in the previous fiscal year
Mr. Pawan Pareek redesignated as Whole-time Director & CFO for a two-year term
👀 What to Watch
Investors should exercise extreme caution as the company has ceased operations and is no longer a going concern. The widening losses and asset sales suggest a lack of viable future business prospects.
Burnpur Cement FY26 Net Loss Widens to ₹79.22 Cr; Company Not a Going Concern
Burnpur Cement reported a significantly widened net loss of ₹79.22 crore for the financial year ended March 31, 2026, compared to a loss of ₹42.43 crore in the previous year. The statutory auditors have issued a critical 'Emphasis of Matter' stating that the company is no longer a 'Going Concern' as all operations were discontinued in November 2023. The company has sold its entire asset base at the Patratu unit and currently possesses no operational units. Furthermore, the company is embroiled in several indirect tax litigations with unascertainable financial impacts.
Key Highlights
Net loss for FY26 widened to ₹7,921.62 lakhs from ₹4,242.92 lakhs in the previous fiscal year.
Management and auditors confirmed the company is not a 'Going Concern' after operations ceased in Nov 2023.
Basic EPS deteriorated to -45.99 for FY26 compared to -24.63 in FY25.
The company has sold all movable and immovable assets at its Patratu unit and has no remaining operational units.
Auditors flagged ₹22.90 lakhs in idle cash at the Asansol unit that has remained unused for over three years.
👀 What to Watch
Investors should exercise extreme caution as the company has officially ceased operations and is no longer a going concern. The lack of operational assets and mounting losses indicate a high risk of total capital loss.
Burnpur Cement FY26 Net Loss Widens to ₹79.22 Cr; Auditors Flag Going Concern Issues
Burnpur Cement reported a significant widening of net losses to ₹7,921.62 lakhs for FY26, compared to a loss of ₹4,242.92 lakhs in FY25. The company has effectively ceased all operations since November 2023, and the statutory auditors have explicitly stated that the company is no longer a 'Going Concern.' Total income for the full year was negligible at just ₹0.88 lakhs, while expenses remained high at ₹7,923.86 lakhs. Amidst this distress, the board redesignated Mr. Pawan Pareek as Whole-time Director and CFO for a two-year term.
Key Highlights
Net loss for FY26 widened significantly to ₹79.22 crore from ₹42.43 crore in FY25.
Statutory auditors and management confirmed the company is not a 'Going Concern' with operations discontinued since Nov 2023.
Total income for FY26 plummeted to a mere ₹0.88 lakhs against total expenses of ₹79.24 crore.
The company has sold its entire moveable and immoveable assets at the Patratu unit and has no operational units remaining.
Mr. Pawan Pareek has been redesignated as Whole-time Director and CFO for a period of 2 years effective May 18, 2026.
👀 What to Watch
Investors should exercise extreme caution as the company has no active operations and has admitted it is not a going concern. The risk of total capital loss is high given the mounting losses and lack of revenue-generating assets.
Burnpur Cement FY26 Net Loss Widens to ₹79.22 Cr; Company Declared Not a Going Concern
Burnpur Cement reported a severe net loss of ₹7,921.62 Lakhs for FY26, nearly doubling the ₹4,242.92 Lakhs loss from the previous year. The company recorded zero revenue from operations for the entire fiscal year, following the total discontinuation of operations in November 2023. Most critically, the statutory auditors have confirmed that the company is no longer a 'Going Concern' after selling its operational assets at Patratu. The company also faces several ongoing indirect tax litigations with unascertainable financial impacts.
Key Highlights
Net loss for FY26 widened significantly to ₹7,921.62 Lakhs from ₹4,242.92 Lakhs in FY25.
Revenue from operations remained at zero for the entire financial year 2025-26.
Auditors explicitly stated the company is not a 'Going Concern' and has no operational units remaining.
Loss per share (EPS) for the year deteriorated to -₹45.99 from -₹24.63 in the previous year.
Idle cash of ₹22.90 Lakhs has remained unused at the Asansol unit for over three years.
👀 What to Watch
Investors should be extremely wary as the company has ceased all operations and is no longer a going concern, posing a high risk of total capital loss. The lack of revenue and ongoing legal liabilities make this stock highly speculative and fundamentally distressed.
Burnpur Cement FY26 Net Loss Widens to ₹79.22 Cr; Operations Discontinued
Burnpur Cement reported a significant widening of net losses to ₹79.22 crore for the financial year ended March 31, 2026, compared to a loss of ₹42.43 crore in the previous year. The company has officially discontinued all operations as of November 2023 and has sold its entire movable and immovable assets at the Patratu unit. Auditors have raised severe concerns regarding the company's ability to continue as a going concern, noting that there are no operational units left. Additionally, the company faces several indirect tax litigations with unascertainable impacts.
Key Highlights
Net loss for FY26 widened to ₹7,921.62 lakhs from ₹4,242.92 lakhs in FY25
Operations completely discontinued since November 2023 with no operational units remaining
Auditors issued an Emphasis of Matter stating the company is no longer a Going Concern
Annual Loss Per Share (EPS) deteriorated to -45.99 from -24.63 year-on-year
Cash in hand of ₹22.90 lakhs at the Asansol unit has remained idle for over 3 years
👀 What to Watch
Investors should exercise extreme caution as the company has ceased operations and is no longer a going concern. The lack of revenue and ongoing legal liabilities make this a high-risk situation with little fundamental value.
NCLT Dismisses ₹2.25 Crore Insolvency Application Against Burnpur Cement Limited
The National Company Law Tribunal (NCLT) Kolkata Bench has dismissed an insolvency application filed by Mittal Polysacks Private Limited against Burnpur Cement. The operational creditor had alleged a default of ₹2.25 crore, including a principal of ₹1.25 crore and interest of ₹1.00 crore. The court ruled in favor of the company, citing a lack of primary evidence for goods delivery and noting that the claims originated from transactions under previous management. This decision allows Burnpur Cement to continue its operations as a going concern without the threat of insolvency proceedings.
Key Highlights
NCLT dismissed the Section 9 IBC application filed by Mittal Polysacks Private Limited on April 20, 2026.
The alleged debt involved a principal sum of ₹1.25 crore for polypropylene cement bags supplied in 2016.
The court noted the absence of essential documents such as transport receipts, lorry challans, or gate entry records to prove delivery.
Current management under UV Asset Reconstruction Company had previously reversed these entries due to suspected irregularities by former promoters.
The ruling confirms Burnpur Cement is not subject to insolvency and maintains its status as a going concern.
👀 What to Watch
Investors should see this as a significant legal relief that removes the immediate threat of insolvency and liquidation. While positive, one should continue to monitor the company's financial health and operational recovery under the ARC management.
Burnpur Cement Reports Zero Revenue and Rs 20.13 Cr Net Loss in Q3 FY26; Not a Going Concern
Burnpur Cement reported zero revenue for the quarter ended December 31, 2025, as the company has no functional production units following the sale of its Patratu assets to UltraTech Cement. The company posted a net loss of Rs 20.13 crore, which was almost entirely driven by finance costs of Rs 19.61 crore. Crucially, both the management and statutory auditors have explicitly stated that the company is no longer a 'going concern.' The company is currently exploring potential mergers or strategic transactions to revive its status, but it currently lacks any operational income.
Key Highlights
Reported zero revenue from operations for the quarter ended December 31, 2025.
Net loss for the quarter stood at Rs 20.13 crore, primarily due to finance costs of Rs 19.61 crore.
Auditors highlighted that the company is not a 'Going Concern' as it has no functional production units.
Share capital was reduced from Rs 86.12 crore to Rs 17.22 crore following an NCLT order effective January 2025.
Idle cash of Rs 22.90 lakhs has remained unused at the Asansol unit for more than three years.
👀 What to Watch
Investors should exercise extreme caution as the company has no operations and is officially classified as not a going concern. The lack of revenue and heavy finance costs make this a high-risk situation with little immediate fundamental value.
Burnpur Cement Reports Zero Revenue and Rs 20.13 Cr Net Loss in Q3 FY26; Not a Going Concern
Burnpur Cement reported zero revenue from operations for the quarter ended December 31, 2025, as the company currently has no functional production units. The net loss for the quarter widened to Rs 20.13 crore, primarily driven by high finance costs of Rs 19.61 crore. Both management and statutory auditors have explicitly stated that the company is no longer a "going concern" following the sale of its Patratu assets to UltraTech Cement. Furthermore, the company has implemented a significant capital reduction, decreasing its paid-up equity share capital from Rs 86.12 crore to Rs 17.22 crore.
Key Highlights
Revenue from operations remained at zero for Q3 FY26 due to the lack of operational units.
Net loss for the quarter stood at Rs 20.13 crore, compared to a loss of Rs 17.39 crore in the previous year's corresponding quarter.
Finance costs of Rs 19.61 crore accounted for nearly 97% of the total quarterly expenses.
Auditors issued an 'Emphasis of Matter' stating the company is not a going concern and has discontinued operations entirely.
Paid-up equity share capital was reduced by 80% to Rs 17.22 crore following an NCLT order dated October 30, 2024.
👀 What to Watch
Investors should exercise extreme caution as the company has no active business operations, zero revenue, and has lost its 'going concern' status. The stock represents a high-risk situation with significant uncertainty regarding any future recovery or strategic merger.
Burnpur Cement Reports Zero Revenue and Rs 20.13 Cr Net Loss in Q3 FY26; Not a Going Concern
Burnpur Cement reported zero revenue for the quarter ended December 31, 2025, as its primary operational assets were sold to UltraTech Cement in late 2023. The company posted a net loss of Rs 20.13 crore for the quarter, largely due to finance costs amounting to Rs 19.61 crore. Both management and statutory auditors have explicitly stated that the company is no longer a 'Going Concern' as it lacks any functional production units. Additionally, the company's equity capital has been significantly reduced from Rs 86.12 crore to Rs 17.22 crore following an NCLT order.
Key Highlights
Revenue from operations remained at zero for the quarter ended December 31, 2025.
Net loss widened to Rs 20.13 crore in Q3 FY26 compared to a loss of Rs 17.39 crore in Q3 FY25.
Finance costs of Rs 19.61 crore represent nearly the entire expenditure for the quarter.
Statutory auditors issued an 'Emphasis of Matter' stating the company is not a 'Going Concern'.
Paid-up equity share capital was reduced to Rs 17.22 crore from Rs 86.12 crore following NCLT and ROC registration.
👀 What to Watch
Investors should exercise extreme caution as the company has no operational business and is not a going concern. The significant debt and lack of production units make this a high-risk situation with potential for total capital loss.
