Disclosure of material issue

BURNPUR CEMENT LIMITED Registered Office: 7/1 Anandilal Poddar Sarani (Russel Street) 5th Floor, Flat No.: 5B, Kanchana Building, Kolkata-700071 Phone: 033-4003 0212 CIN: L27104WB1986PLC040831 Website: www.burnpurcement.com E-mail: cs@burnpurcement.com Dated: 11th September, 2026 To To National Stock Exchange of India BSE Limited Limited 1st Floor, New Trading Ring Rotunda Exchange Plaza, Plot No. C/1, G-Block Building Bandra-Kurla Complex, Bandra (E) P. J. Towers, Dalal Street Fort Mumbai – 400051 Mumbai- 400001 NSE Symbol – BURNPUR BSE Scrip Code – 532931 Dear Sir/Madam, Ref: Regulation 30 read with Regulation 31A (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sub: Intimation of receipt of Order/decision from NSE for Reclassification of Mrs. Suchitra Agarwal from Promoter Category to Public Category. Pursuant to Regulation 30 and 31A (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and our application dated 05-08-2026, it is hereby informed that the Company has received an order from National Stock Exchange (NSE) vide its letter dated 10-09-2026, in connection with the proposed Reclassification of Mrs. Suchitra Agarwal from “Promoter” category to the “Public Category. Pursuant to the aforesaid order, the NSE has conveyed its “No Objection” to the proposed reclassification of Mrs. Suchitra Agarwal from the “Promoter” category to the “Public” category. The Order of NSE dated 10-09-2026 is enclosed herewith. We kindly request you to take the above on record. Thanking You Yours Faithfully, For Burnpur Cement Limited Punam Kumari Sharma Company Secretary & Compliance Officer Encl: As Above Ref: NSE/BURNPUR/553 Date: September 10, 2026 1. Mrs. Suchitra Agarwal Atmosphere, E-127, 26th Floor, 1001/A, E.M. Bypass, Kolkata-700046 2. The Company Secretary Burnpur Cement Limited (‘the Listed Entity’) 7/1, Anandilal Poddar Sarani (Russel Street), 5th Floor, Flat No- 5B, Kanchana Building, Kolkata- 700071. Subject: Order in the matter of Reclassification of Mrs. Suchitra Agarwal from Promoter to Public Category pursuant to order dated June 12, 2026 passed by Hon’ble Calcutta High Court The Hon’ble Calcutta High Court vide its order dated June 12, 2026 in Writ Petition No. 3454 of 2026 (“Order”), directed various parties including National Stock Exchange of India Limited (“NSE”/ “We”/ “Exchange”), to consider the representation made by Mrs. Suchitra Agarwal in respect of her re-classification request from “promoter” to “public” in the listed entity. In compliance with the Order, NSE has considered the representation dated February 02, 2026, made by Mrs. Suchitra Agarwal and passes following order: I. BACKGROUND 1. The management of the listed entity has been taken over by an Asset Reconstruction Company (“ARC”) i.e. UV Asset Reconstruction Limited (UVARCL) in February 2023 under Section 9(1)(a) and 15 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (“SARFAESI ACT”), upon default by the listed entity in repayment of credit facilities which were secured inter alia by a pledge over certain shareholdings in the listed entity held by its Promoters/Promoter groups. 2. The trading of the securities of the listed entity was suspended since January 2025 on account of Capital Reduction pursuant to approval / sanction of the Scheme of Reduction of Share Capital of the Listed Entity under Section 66 of the Companies Act, 2013 read with the rules made thereunder by the Hon'ble National Company Law Tribunal, Kolkata Bench via order no. C.P. NO. 1065/KB/2020 dated October 30, 2024. Trading in the scrip recommenced w.e.f. August 11, 2026. 3. Mrs. Suchitra Agarwal made a request for Reclassification from Promoter to Public Category to the Listed Entity on September 20, 2025. 4. The Board of Directors (“Board”) of the Listed Entity at its board meeting held on November 11, 2025, rejected the reclassification request received from Mrs. Suchitra Agarwal. The reason for rejection as provided by the Listed Entity is as below - This Document is Digitally Signed Signed by: Ajit Dattaram Mahadik Date: Thu, Sep 10, 2026 18:52:00 IST Location: NSE Non-Confidential “The Company had submitted an intimation on 21-09-2025 and 22-09-2025 for receipt of requests for reclassification stating that the request would be considered in next Board meeting. The Board meeting held on 11th November 2025 i.e. within 2 months from the date of receipt of requests for reclassification in compliance with regulation 31A(3) of the SEBI (LODR) Regulation 2015, the requests received from various promoters including Mrs. Suchitra Agarwal, were placed before the Board, the management carefully reviewed the factual matrix and after due consideration and analysis the Board was of the view that its not appropriate to consider the promoters request for reclassification from ‘Promoters category’ into public category on the grounds that the Management of the Company (Burnpur Cement Limited) has been taken over by an ARC Company i.e. UV Asset Reconstruction Limited (UVARCL) under Section 9(1)(a) and 15 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (“SARFAESI ACT”) upon default by Burnpur Cement Limited (BCL) in repayment of Credit Facilities which were secured inter alia by a pledge over certain shareholdings in BCL held by its promoters. In course of enforcement, UVARCL invoked the pledge over shares of BCL held by promoters, thereby acquiring 25.31% of BCL’s shares. Consequent to such invocation, the pledged shares are currently held in the Demat account of UVARCL. On account of the said invocation of pledge and the takeover of the management by UVARCL under SARFESAI Act, certain promoters presently hold ‘nil’ shareholding and have ceased to exercise any control or management in the affairs of the Company. Although the Promoters currently does not manage the Company, the transfer of Management back to the Promoters is anticipated once certain conditions under ARC arrangements are satisfied, the present change in management is transient in nature and only up to the time that the management under the SARFAESI Act, subsist with the nominees of the secured creditors and as per the provisions of the SARFAESI Act ( read with the applicable RBI regulations), the management shall be restored back to the borrower as per section 15(4) of the SARFAESI Act, if the management were to revert to the Promoters, then the promoter might still be deemed to be exercising control, which is inconsistent with the Regulatory requirements for re-classification. The Board believes that allowing re-classification now- while the management remains under the ARC and the Promoter may regain control in near future-could conflict with regulation 31A and other applicable provisions.” The same was disclosed by the Listed Entity in its disclosure for the outcome of Board meeting dated November 11, 2025. 5. As per Regulation 31A of the SEBI LODR Regulations, 2015, a listed entity is required to submit an application seeking no-objection from the recognized stock exchange in respect of a reclassification request, together with the views of its board, within five days from the date on which such request is considered by the Board. 6. However, in the present case, the listed entity did not submit any application for Reclassification to NSE following the Board's rejection within the timelines prescribed under Regulation 31A(3)(a)(iii) of the SEBI LODR Regulations, 2015. 7. Mrs. Suchitra Agarwal has approached Hon’ble Calcutta High Court (“High Court”) representing the consideration of her Reclassification application. This Document is Digitally Signed Signed by: Ajit Dattaram Mahadik Date: Thu, Sep 10, 2026 18:52:00 IST Location: NSE Non-Confidential 8. The High Court vide its order dated June 12, 2026, directed the Exchanges along with other Respondents to consi [Showing first 8,000 characters — download PDF for full document]