Ballarpur Industries has informed that the Board of Directors of the Company at their meeting held today, Monday, June 10, 2024, has transacted the following items of business: Allotment of 55 (Fifty-Five) Unsecured, Unlisted Non-Convertible Debentures Series - III of face value INR 1,00,00,000 (Rupee One Core Only) each at par aggregating up to INR 55,00,00,000 (Rupees Fifty-Five Crore Only) in accordance with approved Resolution Plan on Private Placement Basis. This has reference to our letters dated March 4, 2024, March 6, 2024, March 12, 2024, March 15, 2024 and March 20, 2024, with respect to issue of Unlisted NCDs Series-III on private placement basis. In this connection, the Board Members of the Company in accordance with the terms of the approved Resolution Plan, approved the allotment of 55 (Fifty-Five) Unsecured, Unlisted Non-Convertible Debentures Series - III of face value INR 1,00,00,000 (Rupee One Crore Only) each at par aggregating up to INR 55,00,00,000 (Rupees Fifty-Five Crore Only) to the identified entity listed enclosed.
The above information is a part of company’s filings submitted to BSE.