Balkrishna Paper Mills Limited's Board of Directors met on Tuesday, 23rd December 2025, from 2:00 PM to 6:00 PM to discuss and approve a Scheme of Reduction of Share Capital. This scheme, recommended by the Audit Committee and Independent Directors, is in accordance with Section 66 of the Companies Act, 2013. The company has accumulated losses of ₹278.39 crore as of 30th September 2025, leading to an erosion of its net worth. To address this, the scheme will adjust accumulated losses of ₹52.28 crore against the Securities Premium Reserve of ₹23.29 crore. The remaining accumulated losses will be adjusted against the equity share capital by reducing the face value of equity shares from ₹10 to ₹1. Furthermore, the issued, subscribed, and paid-up preference share capital of ₹110 crore will be cancelled and extinguished. The consideration payable to preference shareholders will be discharged when adequate funds become available, until which time it will be treated as an unsecured non-interest-bearing loan. The company has obtained a Valuation Report dated 23rd December 2025 from M/s SSPA & Co. and a Fairness Opinion Report dated 23rd December 2025 from SEBI Registered Merchant Banker, M/s. Rarever Financial Advisors Private Limited. A certificate from the Statutory Auditor, D S M R & Co, confirms compliance with accounting standards. The proposed scheme is considered beneficial to all stakeholders and is subject to necessary statutory and regulatory approvals, including those from shareholders, the National Company Law Tribunal, BSE, NSE, and SEBI. The management is also exploring new business opportunities, including real estate activities.