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Burnpur Cement Limited (BURNPUR)

₹11.95 -2.77% last close, 23 Oct

📊 NSE: BURNPUR 🏢 Cement - North India 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Burnpur Cement's revenue was ₹0.0 Cr, and net profit ₹-21.0 Cr (against a profit a year earlier).

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹0.0	—	—
Operating profit	₹0.0	loss narrowed	loss narrowed
Net profit	₹-21.0	to loss	loss widened
EPS (₹)	-2.41	to loss	loss widened

Full quarterly financials → Results calendar →

BURNPUR exchange data

NSE end-of-day data for Fri, 23 Oct 2026

It closed at its lower price band (circuit) on 23 Oct, one of 8 band closes in about the last 20 sessions.

₹11.95NSE close · -2.77%

Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Burnpur Cement Submits Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 13 Oct 2026, 02:20 PM

Burnpur Cement Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar & Share Transfer Agent Niche Technologies Private Limited confirms that security certificates received for dematerialisation were processed and confirmed to the depositories. The RTA verified that physical certificates were mutilated, cancelled, and the depository was recorded as the registered owner. This filing is a standard quarterly administrative requirement and carries no operational or financial impact.

Compliance certificate filed pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Applies to the quarter ended September 30, 2026
Certificate issued by RTA Niche Technologies Private Limited dated October 6, 2026
Submitted to BSE and NSE on October 13, 2026

💡 No action is required as this is a recurring regulatory disclosure. Investors should look out for upcoming quarterly financial results for operational updates.

Burnpur Cement Closes Trading Window from October 1, 2026 for Q2 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Sep 2026, 01:45 PM

Burnpur Cement Limited has announced the closure of its trading window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed from October 1, 2026, for all designated persons and their immediate relatives. It will reopen 48 hours after the declaration of the un-audited financial results for the quarter ended September 30, 2026. This is a standard quarterly compliance update ahead of financial disclosures.

Trading window closes on October 1, 2026
Applies to all Designated Persons and their Immediate Relatives
Window will reopen 48 hours after the declaration of Q2 un-audited financial results
Relates to the financial quarter ending September 30, 2026

💡 Track the upcoming announcement date for the Q2 FY27 un-audited financial results to assess operational and financial performance.

Burnpur Cement AGM Approves FY26 Audited Accounts with 99.96% Majority

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Sep 2026, 05:24 PM

Burnpur Cement has announced the voting results for its 40th Annual General Meeting held on September 22, 2026. Shareholders approved the sole agenda item—the adoption of audited accounts for FY26 along with reports of Directors and Auditors—with 99.96% votes in favor. Out of 59,494 shareholders, 62 attended the meeting via video conferencing, and a total of 474,356 votes were cast (representing a 2.75% voter turnout on eligible shares). The filing reflects a purely procedural compliance process with no operational or financial restructuring announced.

Resolution to adopt FY26 Audited Accounts passed with 99.9574% votes in favor (474,154 votes)
Only 202 votes (0.0426%) were cast against the ordinary resolution
Overall voter turnout was low at 2.7539% of total outstanding eligible shares (474,356 votes cast)
62 shareholders attended the virtual AGM (2 promoters and 60 public shareholders) out of 59,494 total shareholders

💡 Track whether management announces any concrete steps to acquire manufacturing assets, as operations remain completely shut with zero revenue and a deeply negative net worth (-Rs 574 Cr).

Burnpur Cement Receives BSE Approval to Reclassify 5 Promoters to Public Category

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 17 Sep 2026, 12:48 PM

Burnpur Cement Limited has received approval/No Objection from BSE Limited on September 15, 2026, for the reclassification of 5 promoter group entities to the public category under Regulation 31A of SEBI LODR. The reclassified entities include Manoj Kumar Agarwal, Ram Prasad Agarwal, Ram Prasad Agarwal (HUF), Shakuntala Devi Agarwal, and Bharosa Distributors Pvt. Ltd. This follows the company's application submitted on August 5, 2026. Burnpur Cement remains under severe distress with zero operational revenue, Rs 563 crore in debt, and negative net worth of Rs -574 crore following the SARFAESI sale of all assets.

Approval granted by BSE vide letter dated 15-09-2026
Application for reclassification was originally filed on 05-08-2026
5 promoter/promoter group persons/entities reclassified to the public category
Company currently holds 0 MTPA operational capacity and TTM revenue of Rs 0 Cr

💡 Track subsequent shareholding pattern filings to observe the updated promoter holding structure, which stood at just 1.98% prior to the change.

BSE Approves Reclassification of 2 Promoters to Public Category

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 17 Sep 2026, 12:46 PM

Burnpur Cement Limited has received approval from BSE Limited on September 15, 2026, for the reclassification of two promoters, Rakhi Parikh and Shehul Sandip Parikh, from the Promoter category to the Public category under Regulation 31A. The approval follows the company's application originally submitted on January 24, 2026. This administrative change occurs against a backdrop where Burnpur Cement has zero operational revenue, a negative net worth of Rs -574 Cr, and total debt of Rs 563 Cr following the disposal of its manufacturing assets.

BSE issued approval/No Objection letter no. LIST/COMP/KR/202/2026-27 dated September 15, 2026
Approval granted under Regulation 31A of SEBI LODR following an application dated January 24, 2026
Two promoter entities reclassified to Public category: Rakhi Parikh and Shehul Sandip Parikh
Company reported a delay exceeding 24 hours in submitting the intimation due to oversight

💡 Monitor upcoming shareholding pattern filings to observe the updated public vs promoter split, though operational revival or asset acquisition updates remain the primary factors for solvency.

BSE and NSE Impose Fine of ₹15.46 Lakh Each on Burnpur Cement for LODR Non-Compliance

🔴 NEGATIVE ⭐ 4/10

REGULATORY 📅 16 Sep 2026, 06:01 PM

Burnpur Cement Limited has received notices from both BSE and NSE imposing a fine of ₹15,45,800 (including GST) each, totaling ~₹30.92 lakh. The penalties were levied for non-compliance with Regulation 31A(3)(a) of the SEBI LODR Regulations regarding reclassification of promoters. The notices were received on September 15, 2026. The company stated it is under ARC management with zero revenue and no operational assets, and plans to seek a waiver of the penalty from the exchanges.

Fine of ₹15,45,800/- including GST imposed by NSE
Fine of ₹15,45,800/- including GST imposed by BSE (totaling ~₹30.92 lakh)
Penalty imposed for non-compliance with Regulation 31A(3)(a) of SEBI LODR Regulations
Company received the notices via email on September 15, 2026
Operations remain completely halted with Nil revenue generated in FY25 and FY26

💡 Track whether stock exchanges accept the company's request for a penalty waiver or proceed with enforcement actions.

Burnpur Cement Receives NSE Approval for Promoter Reclassification of 2 Individuals

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 16 Sep 2026, 04:26 PM

Burnpur Cement has received a no-objection approval letter from the National Stock Exchange (NSE) dated September 15, 2026, for the reclassification of two promoters, Rakhi Parikh and Shehul Sandip Parikh, to the 'Public' category. The reclassification follows an application originally submitted on January 24, 2026. This administrative change occurs as Burnpur Cement operates with zero revenue, zero capacity, and a promoter holding of just 1.98%.

NSE issued No-Objection letter NSE/LIST/COMP/BURNPUR/553/2026-2027 dated September 15, 2026
Application for reclassification was filed by the company on January 24, 2026
Reclassifies 2 promoters, Rakhi Parikh and Shehul Sandip Parikh, to the Public category
Company currently operates with 0 MTPA capacity and reported TTM net loss of Rs -79 Cr

💡 Monitor upcoming shareholding pattern filings to observe the updated public vs. promoter holding breakdown and track any operational revival plans.

Burnpur Cement Receives NSE Approval for Promoter Reclassification

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 16 Sep 2026, 04:23 PM

Burnpur Cement has received a No Objection Letter from the National Stock Exchange of India (NSE) dated September 15, 2026, approving the reclassification of two promoters, Rakhi Parikh and Shehul Sandip Parikh, from the 'Promoter' category to the 'Public' category. The reclassification was requested under Regulation 31A of SEBI LODR pursuant to the company's application dated January 24, 2026. The company currently has zero operational revenue and a total promoter holding of just 1.98%. This administrative shift reflects ongoing structural exits amid severe distress where previous manufacturing assets were liquidated by lenders.

NSE issued No Objection letter ref NSE/LIST/COMP/BURNPUR/553/2026-2027 dated September 15, 2026
Approval covers reclassification of 2 promoters: Rakhi Parikh and Shehul Sandip Parikh
Application for reclassification was initially submitted on January 24, 2026
Reclassification processed under Regulation 31A of SEBI LODR Regulations, 2015

💡 Track subsequent shareholding pattern filings to observe updated public float and monitor whether the company secures new operational assets to resolve its zero-revenue status.

BSE Approves Reclassification of Suchitra Agarwal from Promoter to Public Category

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 12 Sep 2026, 12:39 PM

Burnpur Cement has received approval via a No Objection order dated September 11, 2026, from BSE Limited for the reclassification of Mrs. Suchitra Agarwal from the Promoter category to the Public category. This follows the company's application submitted on August 5, 2026. The company currently has an extremely low promoter holding of 1.98% as of June 2026, zero operational revenue, and negative net worth of Rs -574 Cr following asset sales under the SARFAESI Act. This reclassification is an administrative regulatory adjustment and does not bring any operational revival or capital infusion.

BSE issued 'No Objection' order dated September 11, 2026
Approval pertains to application submitted on August 5, 2026
Suchitra Agarwal reclassified from Promoter to Public category
Company currently operates at 0% capacity utilization with TTM revenue of Rs 0 Cr

💡 Track subsequent shareholding pattern filings to observe the updated promoter group holding percentage following this reclassification.

NSE Approves Reclassification of Suchitra Agarwal to Public Category; SOP Fine Leviable on Burnpur

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 11 Sep 2026, 04:12 PM

Burnpur Cement has received an order dated September 10, 2026, from the National Stock Exchange conveying 'No Objection' to reclassify promoter Suchitra Agarwal to the public category. The move follows Calcutta High Court directions after the company's board previously rejected her application in November 2025. Burnpur Cement remains under ARC management (UVARCL) following debt defaults and total asset disposals under the SARFAESI Act, with TTM revenue currently at Rs 0 Cr. Additionally, NSE noted that a Standard Operating Procedure (SOP) fine is leviable on the company for procedural listing delays.

NSE approved reclassification of Mrs. Suchitra Agarwal (previously holding 50,000 shares) from promoter to public category.
Company management has been controlled by UVARCL since February 2023 under SARFAESI Act after UVARCL invoked pledges over 25.31% of company equity.
NSE determined an SOP fine is leviable against Burnpur Cement for missing the 5-day filing deadline after the November 11, 2025 board decision.

💡 Track whether ARC management initiates any plant acquisitions to revive operations, and watch for financial impact from exchange SOP penalties.

Burnpur Cement Schedules 40th AGM for September 22, 2026; Dispatches FY26 Annual Report Links

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Aug 2026, 02:42 PM

Burnpur Cement Limited has issued an intimation regarding the dispatch of letters to shareholders without registered email IDs, providing web links to access the FY2025-26 Annual Report and the Notice of the 40th Annual General Meeting (AGM). The AGM is scheduled to be held virtually on September 22, 2026, at 2:00 PM IST. The notice also reminds shareholders holding physical securities to update mandatory KYC details in accordance with SEBI circulars.

40th Annual General Meeting scheduled for September 22, 2026, at 2:00 PM via Video Conferencing.
Web link issued for accessing the FY 2025-26 Annual Report pursuant to SEBI Listing Regulation 36(1)(b).
Shareholders holding physical shares reminded to update KYC and nomination details under SEBI circular dated May 7, 2024.

💡 Track the proceedings and management commentary at the upcoming AGM on September 22, 2026, regarding any updates on plant acquisition plans or business revival.

Burnpur Cement Schedules 40th AGM for September 22, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Aug 2026, 03:03 PM

Burnpur Cement Limited has issued notice for its 40th Annual General Meeting (AGM) to be held via Video Conferencing on September 22, 2026. The cut-off date for remote e-voting eligibility is set for September 15, 2026, with the e-voting window active from September 19 to September 21, 2026. The primary agenda item includes the adoption of the audited financial accounts for the financial year ended March 31, 2026. Share transfer books and the register of members will remain closed from September 16 to September 22, 2026.

40th Annual General Meeting scheduled for September 22, 2026 at 2:00 PM IST via VC/OAVM
Cut-off date for remote e-voting eligibility is Tuesday, September 15, 2026
Remote e-voting period runs from September 19, 2026 (9:00 AM IST) to September 21, 2026 (5:00 PM IST)
Book closure period set from September 16, 2026 to September 22, 2026 (both days inclusive)

💡 Eligible shareholders can register for e-voting prior to the September 15, 2026 cut-off date. Watch for AGM proceedings and any management commentary regarding future revival or asset acquisition plans.

Burnpur Cement Clarifies Price Movement; Notes Resumption of Trading on Aug 11, 2026

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 27 Aug 2026, 03:15 PM

Burnpur Cement Limited responded to an NSE surveillance query regarding recent price movement in its scrip. The company stated that the movement is entirely market-driven and that it has not withheld any material information under Regulation 30 of SEBI LODR. Burnpur Cement highlighted that trading in its equity shares had resumed on 11.08.2026 after approximately 1.5 years of suspension due to capital reduction procedural requirements, leading to increased trading activity and volatility.

NSE issued surveillance query letter NSE/CM/Surveillance/17410 dated August 26, 2026 regarding price movement
Trading in equity shares resumed on 11.08.2026 after approximately 1.5 years of suspension
Company confirms no undisclosed material event or information pending disclosure under Regulation 30

💡 Track subsequent quarterly financial performances and operational updates to evaluate underlying business fundamentals following the capital reduction.

Burnpur Cement Re-designates Pawan Pareek as Whole-time Director & CFO for 2 Years

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 17 Aug 2026, 06:12 PM

Burnpur Cement Limited has announced that UV Asset Reconstruction Company Limited (ARC), managing the company under SARFAESI Act provisions, approved the redesignation of Mr. Pawan Pareek as Whole-time Director and CFO. The tenure is fixed for a period of 2 years effective retroactively from May 18, 2026. The company currently has zero operational capacity, ₹0 TTM revenue, and a deeply negative net worth of ₹-574 Cr following the disposal of its production assets by lenders.

Mr. Pawan Pareek redesignated as Whole-time Director & CFO for a 2-year term effective May 18, 2026
Approval granted by UV Asset Reconstruction Company Limited under Section 9(1)(a) of SARFAESI Act
Mr. Pareek brings 36+ years of commercial and accounts experience to the board
Company remains non-operational with ₹0 TTM revenue and ₹563 Cr outstanding debt

💡 Monitor whether the ARC-led management presents any concrete resolution or asset acquisition plans to revive manufacturing operations.

Pawan Pareek Approved as Whole Time Director & CFO for 2-Year Term by UVARCL

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 17 Aug 2026, 06:09 PM

Burnpur Cement Limited announced that UV Asset Reconstruction Company Limited (UVARCL) has approved the re-appointment and redesignation of Mr. Pawan Pareek as Whole Time Director & CFO for a 2-year tenure effective May 18, 2026. The approval was granted pursuant to SARFAESI Act provisions governing ARC control. The company continues to operate with zero operational revenue, a negative net worth of Rs -574 Cr, and total debt of Rs 563 Cr following the prior sale of its manufacturing assets.

UVARCL approved redesignation of Mr. Pawan Pareek as Whole time Director & CFO
Tenure fixed for 2 years effective May 18, 2026
Change enacted under Section 9(1)(a) read with Sections 15 and 16 of the SARFAESI Act 2002
Appointee brings over 36 years of experience in commercial, administration, and accounts

💡 Track company filings for tangible progress on asset acquisitions or revival plans under ARC management, given the lack of current production assets.

View All BURNPUR Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company reported 0% revenue for the quarter ended September 30, 2025, as all revenue-generating assets and plants were sold. Historically, the company operated in a single segment (Cement).

Geographic Revenue Split

Not disclosed in available documents as the company currently has no operational revenue; however, future expansion is targeted at Jharkhand and West Bengal.

Profitability Margins

Net profit margin for FY 2023-24 was -0.74%, representing a negative change of 53% compared to -0.48% in the previous financial year. The decline is attributed to finance costs of INR 73.04 Cr and a loss on asset sales of INR 26.13 Cr.

EBITDA Margin

EBIT was negative INR 28.12 Cr for FY 2023-24, primarily due to a loss of INR 26.13 Cr from the sale of entire movable and immovable assets. Return on capital employed was -0.066 times, a negative change of 2012% from -0.003 times YoY.

Capital Expenditure

The company sold its entire property, plant, and equipment, which stood at a book value of INR 0.15 Cr as of September 30, 2025, down from INR 0.17 Cr in March 2025. No specific INR value for planned CAPEX is disclosed, though revival plans are mentioned.

Credit Rating & Borrowing

Total borrowings stood at INR 522.13 Cr as of September 30, 2025, an increase of 7.9% from INR 483.82 Cr as of March 31, 2025. Finance costs charged on a cumulative basis for FY 2023-24 were INR 73.04 Cr.

⚙️ Operational Drivers

Raw Materials

Limestone and clinker (standard for cement), but currently represent 0% of costs as manufacturing has ceased following the sale of all plants.

Import Sources

Not disclosed in available documents as operations are currently suspended.

Capacity Expansion

Current installed capacity is 0 MTPA as all plants have been sold. The company is exploring avenues to acquire new plants in Jharkhand, West Bengal, and Asansol to revive production.

Raw Material Costs

Raw material costs are currently 0% of revenue due to the cessation of manufacturing operations.

Manufacturing Efficiency

Capacity utilization is 0% as of September 30, 2025, due to the sale of all production facilities.

Logistics & Distribution

Distribution costs are 0% of revenue as there are no products to distribute.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company intends to achieve growth by acquiring new cement plants in Jharkhand, West Bengal, and Asansol. This strategy aims to revive production after the total sale of previous assets by lenders (UVARCL) under the SARFAESI Act.

Products & Services

Cement bags (historically), though no products are currently being manufactured or sold.

Brand Portfolio

Burnpur Cement.

Market Expansion

Targeting the states of Jharkhand and West Bengal for new plant locations to re-enter the regional cement market.

Market Share & Ranking

Not disclosed; currently negligible due to lack of production.

Strategic Alliances

The company is under the influence of UV Asset Reconstruction Company Limited (UVARCL), which exercised powers under the SARFAESI Act to sell company assets.

🌍 External Factors

Industry Trends

The Indian cement industry is expected to grow due to its role in building 'New India.' Demand is projected to outpace capacity additions, providing an opportunity for revival if the company can secure new assets.

Competitive Landscape

The industry is highly competitive with significant capacity additions announced by major players, making re-entry challenging for a company with a negative net worth.

Competitive Moat

The company currently lacks a sustainable moat as it has no operational assets; any future moat would depend on cost leadership or regional brand strength in West Bengal/Jharkhand.

Macro Economic Sensitivity

Highly sensitive to infrastructure spending and construction demand in Eastern India, which is projected to grow faster than announced capacity additions.

Consumer Behavior

Shift toward branded cement and infrastructure-grade products in the Eastern Indian market.

⚖️ Regulatory & Governance

Industry Regulations

The company is subject to the SARFAESI Act, 2002, under which lenders have seized and sold assets. It also faces regulatory oversight regarding director appointments and age limits.

Taxation Policy Impact

The company has deferred tax assets of INR 0.036 Cr (INR 3.64 Lakhs) as of September 30, 2025.

Legal Contingencies

The company is filing an appeal before the Securities Appellate Tribunal (SAT) against fines levied by NSE and BSE for non-compliance with Regulation 17(1A) of SEBI LODR regarding the continuation of a director (Mrs. Poonam Srivastava) beyond 75 years of age without a special resolution.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the ability of the company to acquire new plants and restart operations given a negative equity of INR 532.77 Cr. Potential impact is a 100% risk of business failure.