We wish to inform you that the Company has received Order dated 14th October, 2026 of NCLT admitting petition of Reduction of Share Capital of the Company. Copy of said Order is attached.

Ref: BPML: SEC & LEGAL: SRSC: 2026-27 Date: October 16, 2026 BSE Limited Listing Department P.J. Tower, Dalal Street, Mumbai – 400 001. Script Code:539251 ISIN: INE875R01011 Dear Sir/ Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) We wish to inform you that the Balkrishna Paper Mills Limited (“Company”) has received the order of the Hon’ble National Company Law Tribunal (“Tribunal”) in respect of the hearing held on 14th October, 2026. As per the order uploaded on the NCLT website, the petition has been admitted, and the Company has been directed to comply with the necessary directions given in order by the Hon’ble Tribunal. A copy of the said order is enclosed herewith for your reference. You are requested to take the above on record. Thanking you, Yours faithfully, For Balkrishna Paper Mills Limited (Omprakash Singh) Company Secretary and Compliance Officer Membership No.: FCS 4304 Encl: As above Registered Office: A/7, Trade World, Kamala City , Senapati Bapat Marg, Lower Parel, Mumbai, India – 400013 Tel: +91 22 6833 0651|Email: opsingh@bpml.in | www.bpml.in | CIN: L21098MH2013PLC244963 IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI COURT - IV C.P./214(MB)2026 Under Section 66 read with Section 52 of the Companies Act, 2013 read with NCLT (Procedure for Reduction of Share Capital of Company) Rules, 2016; In the matter of Reduction of Share Capital Balkrishna Paper Mills Limited (The Petitioner Company) Balkrishna Paper Mills Limited [CIN: L21098MH2013PLC244963] ….. Petitioner Company Pronounced: 14.10.2026 Coram: SHRI ANIL RAJ CHELLAN SHRI K. R. SAJI KUMAR HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL) Appearances: For the Applicant Company : Adv. Hemant Sethi, Ld. Counsel for the Petitioner Company. Page 1 of 8 IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI COURT - IV C.P./214(MB)2026 ORDER 1. Heard the Ld. Counsel for the Applicant. 2. Ld. Counsel for the Applicant Company submits that the Applicant Company is primarily engaged in the business of manufacturing and selling of Paper and Paper Boards and Trading of plastic & packaging materials. 3. The equity shares of the Applicant Company are listed with BSE and NSE. 4. Ld. Counsel for the Applicant further submits that as per the Articles of Association of the Applicant Company, the Applicant Company is authorised to reduce the share capital of the company in the manner provided in section 66 of the Companies Act, 2013. Article 57 is reproduced hereinbelow for ease of reference: "The Company may, by resolution as prescribed by the Act, reduce in any manner and in accordance with the provisions of the Act and the Rules, a) its share capital; and/or b) any capital redemption reserve account; and/or c) any securities premium account; and/or d) any other reserve in the nature of share capital.” 5. Ld. Counsel for the Applicant Company submits that this Application is for confirmation of a Special Resolution passed on 02.07.2026 through Postal Ballot by the Equity Shareholders and on 19.06.2026 for Preference Shareholders; the same is attached with the present Company Scheme Petition and the reduction of the Petitioner Company shall be carried out as: i. adjustment of accumulated losses to the tune of Rs. 52,28,37,029/- (Rupees Fifty-Two Crores Twenty-Eight Lakhs Thirty-Seven Thousand Twenty-Nine) first from Securities Premium Reserve amounting to Rs. 23,28,61,241/- (Rupees Twenty-Three Crores Twenty-Eight Lakhs Sixty- One Thousand Two Hundred and Forty-One) and the remaining balance by reducing the issued, subscribed and paid-up equity share capital of the Company from Rs. 32,21,95,320/- (Rupees Thirty-Two Crore Twenty-One Lakh Ninety-Five Thousand Three Hundred and Twenty) Page 2 of 8 IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI COURT - IV C.P./214(MB)2026 divided into 3,22,19,532 (Three Crore Twenty-Two Lakh Nineteen Thousand Five Hundred and Thirty-Two) Equity Shares with face value of Rs. 10/- each (Rupees Ten) to Rs. 3,22,19,532/- (Rupees Three Crore Twenty-Two Lakh Nineteen Thousand Five Hundred and Thirty-Two) divided into 3,22,19,532 (Three Crore Twenty-Two Lakh Nineteen Thousand Five Hundred Thirty-Two) Equity Shares with face value of Rs. 1/- each (Rupee One); ii. reduction of entire issued and paid-up Preference Share Capital of the Company of Rs. 1,10,00,00,000/- (Rupees One Hundred Ten Crores) divided into 1,10,00,000, 6.5% Non-Cumulative Redeemable Preference Shares of Rs. 100 each fully paid up with consideration payable to preference shareholders be discharged as and when adequate funds become available and until such time, the amount payable be treated as an unsecured non-interest bearing loan payable in the books of accounts of the Petitioner Company. 6. Ld. Counsel for the Applicant Company submits that the said special resolution was unanimously approved by the Board in its meeting held on 23.12.2025 and by the Shareholders in its Extra Ordinary General Meeting through Postal Ballot on 02.07.2026 for Equity Shareholders and 19.06.2026 for Preference Shareholders. 7. The shareholding pattern as on the date of the filing of this Application is as follows: Category of No. of Equity Total no. of Equity Shareholders Shareholders Shares held Promoter and 21 1,93,15,802 Promoter Group Public 14,815 1,29,03,730 Total 14,836 3,22,19,532 Page 3 of 8 IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI COURT - IV C.P./214(MB)2026 8. The Authorised, Issued, Subscribed and Paid-Up Share Capital of the Applicant Company as on 31.03.2026 is as under: Particulars Amount (in Rs.) Authorised Share Capital 5,80,00,000 Equity Shares of INR 10/- each 58,00,00,000/- 1,10,00,000 6.5% Non-cumulative Redeemable 1,10,00,00,000/- preference shares of INR 100/- each Total 1,68,00,00,000 Issued, Subscribed and Paid-Up Share Capital 3,22,19,532 Equity Shares of INR 10/- each 32,21,95,320 /- 1,10,00,000 6.5% Non-Cumulative Redeemable 1, 10,00,00,000 Preference Shares of INR 100/- each Total 1,42,21,95,320 9. The Ld. Counsel for the Applicant further submits that the rationale for Capital Reduction is that: a) The Company has, over the years, incurred losses in its paper business, resulting in an erosion of its net worth. As per the limited reviewed financial statements for the six months period ended on 30'h September, 2025, the accumulated losses stand at Rs. 2,78,39,19,643/- (Rupees Two Hundred Seventy-Eight Crores Thirty-Nine Lakhs Nineteen Thousand Six Hundred and Forty-Three Only). Consequently, the existing share capital no longer reflects the true financial position and performance of the Company. At present, the Company does not have any major business operations. The management is, however, evaluating and considering new business opportunities, including the commencement of real estate-related activities. In order to support this proposed transition and to ensure that the financial statements present a true and fair view of the Company's financial position. Page 4 of 8 IN THE NATIONAL COMPANY LAW TRIBUNAL, MUMBAI COURT - IV C.P./214(MB)2026 b) The Company's existing equity share capital no longer reflects the economic realities given its current financial conditions. In addition, the Company has outstanding redeemable preference shares amounting to Rs. 110,00,00,000/- (Rupees One Hundred and Ten Crores only) carrying a dividend rate of 6.5% and given the Company's current financial condition, reduced business operations and significant accumulated losses, the Company will not have adequate profits, reserves or liquidity to redeem its preference shares in the foreseeable future; c) In light of the foregoing and with a view to rationalising and reorganising the capital structure of the Company, the Board of Directors have proposed to undertake a reduction of share capital in accordance with Section 66 read with Section 52 and other applicable provisions of the Companies Act, 2013, subject to requis [Showing first 8,000 characters — download PDF for full document]