Shareholders meeting

September 01, 2026 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Department, Listing Department, 1st Floor, New Trading Ring, ‘Exchange Plaza’, C/1, Block G, Rotunda Building, P.J. Towers, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai 400 001 Mumbai 400 051 Code No. 500102 Symbol “BALLARPUR” Debt Security Code No. 975156 Subject: Notice of the 81st Annual General Meeting ('AGM') and Annual Report of the Company for the Financial Year 2025-26: Dear Sir/Madam, We forward herewith Annual Report and Notice of the 81st AGM of the Company scheduled to be held on Friday, September 25, 2026 at 11.30 A.M. (IST) respectively vide video conferencing mode which will deem to be held at the registered office of the Company situated at 602, Boston House, 6th Floor, Suren Road, Andheri East, Mumbai 400093. The said Notice forms part of the Integrated Annual Report of the Company for the financial year 2025-26. The Notice of the AGM forming part of the Integrated Annual Report is also available on the website of the Company at https://biltpaper.in/. Please take the same on record. For Ballarpur Industries Limited Hardik Bharat Patel Whole- Time Director DIN: 00590663 Place: Mumbai CIN: L21010MH1945PLC010337 Regd. Office.: 602, Boston House, 6th Floor, Suren Road, Andheri East, Mumbai-400053, Maharashtra, India Unit Add.: Shree Gopal Unit, Paper Mills Compound, Station Road, Yamuna Nagar-135001, Haryana, India Tel No. (RO): 022-4000 2600 | Tel No. (Unit): +91-7496991530 Email (RO): info@biltpaper.in| Email (Unit): info.sgu@biltpaper.in| Website: www.biltpaper.in ANNUAL REPORT 2025-26 Ballarpur Industries Limited A Finquest Group Company Homage to Sri Bharat Jayantilal Patel Ji Sri Bharat Jayantilal Patel Ji 1953-2021 An investor with an inspirational ideology and an industrialist with equal vision and empathy, you have transformed the lives of many. You were an outstanding leader with an unmatched business acumen, and your presence and guidance will be remembered as we continue to take your legacy forward. Table of Contents From the Chairman’s Desk 5 Management Discussion & Analysis 7 Board’s Report 12 Corporate Governance Report 31 Standalone Financial Statements 47 Consolidated Financial Statements 131 Notice of AGM 217 Corporate Information BOARD OF DIRECTORS: Mr. Hardik Bharat Patel – Chairman & Whole Time Director (DIN: 00590663) Mr. Alok Prakash - Whole-Time Director & CEO (DIN: 06913561) Mr. Parashiva Murthy B S – Non-Executive Director (DIN: 00011584) Mr. Kulandaipaian Thangaraju – Non-Executive Independent Director (DIN: 10721302) Mr. Panchapakesan Swaminathan – Non-Executive Independent Director (DIN: 00901560) Ms. Shweta Jain - Non-Executive Independent Director (DIN: 07872968) Key Managerial Personnel Mr Alok Prakash, Chief Executive Officer Mr Anil Manohar Lal Mehta, Chief Financial Officer Ms Surbhi Dinesh Chachada, Company Secretary STATUTORY AUDITORS M/s. Batliboi & Purohit, Chartered Accountants, Mumbai (Firm Registration No.101048W) SECRETARIAL AUDITORS M/s Viral Sanghavi & Associates, Practicing Company Secretaries, Jamnagar (FRN: 3130) COST AUDITORS Bahadur Murao & Co., Cost Accountants, New Delhi (Firm Registration No. 000008) INTERNAL AUDITOR M/s. Todarwal & Todarwal LLP, Chartered Accountant Mumbai (Firm Registration No. 111009W/W100231) REGISTERED OFFICE 602, 6th Floor, Boston House, Suren Road, Andheri East, Mumbai, Maharashtra-400093, India REGISTRAR & SHARE TRANSFER AGENTS M/s. RCMC Share Registry (P) Limited B-25/1, First Floor, Okhla Industrial Area, Phase II, New Delhi-110020 Phone 011 26387320 / 21 | Fax 011 26387322 Email: investor.services@rcmcdelhi.com From the Chairman’s Desk Dear Members, It is with a deep sense of responsibility and commitment that I address you as the Chairman of Ballarpur Industries Limited (“BILT”). The year under review represents an important phase in the Company’s journey of revival and renewal. Following the approval of the Resolution Plan by the Hon’ble National Company Law Tribunal (“NCLT”) and the induction of a new management and Board, BILT has embarked on a new chapter with a clear focus on restoring stability, rebuilding capabilities and creating a sustainable foundation for the future. The turnaround journey has undoubtedly been challenging. The years preceding the resolution were marked by significant operational and financial difficulties, which had a profound impact on the Company and its stakeholders. However, these challenges have also reinforced the need for a disciplined and focused approach towards rebuilding the organisation. The new Board, under my leadership, remains fully committed to steering BILT towards a path of stability, revival and sustainable growth. We recognise the responsibility entrusted to us by our stakeholders and are determined to honour this responsibility through prudent decision-making, effective governance and focused execution. Our immediate priority is to address the existing challenges and strengthen the foundations of the business. We are undertaking a comprehensive review of the Company’s operations, policies, processes and practices to ensure that they are aligned with the requirements of a renewed and future-ready organisation. Our efforts are directed towards bringing greater discipline, transparency and accountability across the organisation, while simultaneously enhancing operational efficiency and strengthening the overall governance framework. In continuation of the commitments made in the previous Annual Report, the Board has made significant progress towards institutionalising a framework of transparency and accountability across the organisation. We believe that strong governance and responsible management practices will remain central to restoring stakeholder confidence and supporting the long-term sustainability of the Company. The obligations stipulated under the approved Resolution Plan were duly complied with during the period from June 12, 2023, to June 11, 2026. This reflects a continued commitment towards the successful implementation of the Resolution Plan and the revival of the Company. With the induction of the new management team and experienced professionals, the Company resumed commercial production on December 01,2025. The resumption of commercial operations marks an important milestone in BILT’s turnaround journey and represents the beginning of a renewed phase for the Company. As we move forward, our strategy will focus on strengthening our core capabilities while exploring opportunities within the evolving paper industry landscape. We recognise that the industry continues to undergo significant changes, driven by evolving customer preferences, technological advancements, sustainability considerations and changing market dynamics. In this environment, our ability to adapt, innovate and operate efficiently will be critical to our long- term success. Our approach will therefore be centred on improving operational efficiency, strengthening our processes, leveraging technology and developing a capable and committed workforce. We will continue to invest in building the organisational capabilities necessary to support the Company’s revival and create a robust platform for sustainable growth. The road ahead will require patience, discipline and unwavering commitment. The challenges before us are significant, but so is our resolve to overcome them. The Board and the management team are working with a clear focus on addressing the current issues, strengthening the Company’s operational foundations and laying down a strategic roadmap for the future. We remain conscious that the revival of BILT is not merely about restoring operations; it is about rebuilding a strong, sustainable and resilient organisation capable of creating long-term value for all its stakeholders. I would like to express my sincere gratitude to our shareholders, employees, customers, partners and other stakeholders for their continu [Showing first 8,000 characters — download PDF for full document]