Balrampur Chini Mills Fund Raise
Promoter Vivek Saraogi acquired 24,00,000 equity shares in Balrampur Chini Mills via preferential allotment. This issuance increases his stake to 3.68%, reflecting continued promoter commitment.
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Promoter Vivek Saraogi acquired 24,00,000 equity shares in Balrampur Chini Mills via preferential allotment. This issuance increases his stake to 3.68%, reflecting continued promoter commitment.
Balrampur Chini Mills allotted 93,16,771 equity shares via preferential issue at ₹483 each, totaling ₹449.99 Crore. The allotment expands the equity base and diversifies institutional shareholding.
Balrampur Chini Mills received in-principle approval for a ₹450 Crore preferential equity issue. The capital raise involves issuing 93,16,771 shares at ₹483 each.
Balrampur Chini Mills approved a preferential issue of up to 93.16 lakh equity shares at ₹483 each, raising ₹450.00 Crore. Proceeds will fund a Poly Lactic Acid project (₹230cr), a gypsum plant (₹110cr), and general corporate purposes. An EGM is scheduled for May 20, 2026, for shareholder approval.
Balrampur Chini Mills Limited approved a preferential allotment of 9,316,771 equity shares to 11 investors, including promoters and funds like Tata Small Cap Fund, to raise ₹450 Crore at ₹483 per share. Additionally, the Board granted enabling approval for NCD issuances up to ₹200 Crore.
Balrampur Chini Mills Limited has scheduled a Board Meeting for April 23, 2026, to consider raising funds through a debt issue. Trading window for designated persons is closed from April 1 until May 17, 2026.
Balrampur Chini Mills Limited has scheduled a Board meeting on April 23, 2026, to consider a fund-raising proposal via preferential issuance of securities. The company will also seek shareholder approval through an Extra-Ordinary General Meeting. The trading window remains closed until 48 hours after the declaration of audited financial results for the year ended March 31, 2026.