Burnpur Cement Limited (BURNPUR)
📢 Recent Corporate Announcements
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.
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)
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
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
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
Burnpur Cement has received approval from UV Asset Reconstruction Company Limited (UVARCL) for the redesignation of Mr. Pawan Pareek as Whole-time Director & CFO for a 2-year term effective May 18, 2026. The approval is made pursuant to SARFAESI Act provisions under the lender-driven change in management. The company remains non-operational with zero TTM revenue and a negative net worth of Rs -574 crore following the prior disposal of all manufacturing assets by lenders.
- Redesignation of Mr. Pawan Pareek from Executive Director & CFO to Whole-time Director & CFO.
- Appointment tenure approved for 2 years with retrospective effect from May 18, 2026.
- Approval granted by UV Asset Reconstruction Company Limited under SARFAESI Act Sections 9(1)(a), 15, and 16.
- Mr. Pareek possesses over 36 years of experience in commercial, administration, and accounts.
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.
- 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
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.
- 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.
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.
- 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
Burnpur Cement has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The filing confirms that the Registrar and Share Transfer Agent (RTA), Niche Technologies Private Limited, has processed and cancelled share certificates received for dematerialization. This is a standard administrative requirement for listed entities. The company currently reports zero revenue and a negative net worth of Rs 574 Cr following the sale of its assets by lenders.
- Compliance certificate issued for the quarter ended June 30, 2026
- RTA confirmed dematerialization requests were processed and certificates mutilated
- Company reports TTM revenue of Rs 0 Cr as all manufacturing assets were sold by lenders
- Net worth remains deeply negative at Rs -574 Cr with debt of Rs 563 Cr
Burnpur Cement Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. The closure is mandatory ahead of the declaration of the un-audited financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons and their immediate relatives to prevent insider trading. The window will remain closed until 48 hours after the financial results are officially submitted to the stock exchanges.
- Trading window closure effective from July 1, 2026.
- Closure relates to the un-audited financial results for the quarter ended June 30, 2026.
- Restriction applies to all Designated Persons and their immediate relatives.
- Trading window will reopen 48 hours after the results are disclosed to BSE and NSE.
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.
- 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.
Burnpur Cement Limited has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events under SEBI Regulation 30(5). The authorized personnel include the Chief Financial Officer, Shri Pawan Pareek, and the Company Secretary, Ms. Punam Kumari Sharma. This disclosure ensures transparency in how the company communicates significant developments to stock exchanges. This is a procedural update and does not impact the company's financial performance or operations.
- Shri Pawan Pareek (CFO) and Ms. Punam Kumari Sharma (CS) are the designated KMPs.
- The filing is in compliance with Regulation 30(5) of SEBI (LODR) Regulations, 2015.
- Contact details for both officials have been shared for investor and exchange communication.
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.
- 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
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.
- 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.
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
0%
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.
Geographic Concentration Risk
Historically concentrated in West Bengal and Jharkhand; future plans remain focused on these regions.
Third Party Dependencies
High dependency on UV Asset Reconstruction Company Limited (UVARCL) for management and policy decisions following asset enforcement.
Technology Obsolescence Risk
High risk as the company currently owns no modern manufacturing technology or equipment.
Credit & Counterparty Risk
Trade receivables are INR 0, indicating no current credit exposure to customers, but the company itself is in default to lenders.