Balrampur Chini Mills Limited announced the allotment of 93,16,771 equity shares of face value Re. 1 each at a price of ₹483 per share (including a premium of ₹482) on a preferential basis. The total consideration for this allotment amounts to ₹450,00,00,393 (Rupees Four Hundred Fifty Crore Three Hundred Ninety Three only). The allotment was approved by the Board of Directors through a circular resolution dated 3rd June, 2026. The shares were allotted to eleven entities, including promoters like Vivek Saraogi and Sumedha Saraogi, promoter group entity Meenakshi Mercantiles Limited, and non-promoter entities such as TATA Small Cap Fund, IKIGAI Emerging Equity Fund, Alchemy Long Term Ventures Fund (Series 2 and 3), 360 One Pipe Fund, and three schemes from ICICI Prudential. The company has received the share application and allotment money from all eleven allottees. These newly allotted equity shares will rank pari passu with the existing equity shares of the Company. In-principle approvals for the issue of these shares on a preferential basis were received from BSE Limited and the National Stock Exchange of India Limited on 27th May, 2026. An application for listing and trading approval will be made in due course. Consequent to this allotment, the company's paid-up equity share capital has increased. Before the allotment, it was ₹20,19,50,436, consisting of 20,19,50,436 equity shares. After the allotment, the paid-up equity share capital stands at ₹21,12,67,207, comprising 21,12,67,207 equity shares.
