Date | Agenda |
---|---|
2025-08-07 | Quarterly Results |
2025-06-17 | Audited Results |
2025-05-26 | Audited Results |
2025-04-16 | Audited Results & Others |
Brief History(a) Incorporation and ownershipThe Company was originally incorporated as "The Ballarpur Straw BoardMills Limited" on April 26 1945 under The Indian Companies Act 1913.Its name was changed to "Ballarpur Paper and Straw Board Mills Limited"on March 29 1946 and the Certificate of Commencement of Business wasobtained on December 31946. Its name was further changed to"Ballarpur Industries Limited" in terms of a resolution passed underSection 21 of the Companies Act 1956 with effect from October 11975.(b) Capital HistoryThe Company was incorporated with 7 shares of Rs.25/- each allotted onApril 261945. The Certificate of Commencement of Business was obtainedon December 3 1946. As per the resolution passed by the sub-committeeof the Board of Directors in its meeting dated June 251962 the facevalue of the equity shares of BILT was subdivided from Rs. 25/- each toRs. 10/- each and 1428594 equity shares of Rs.10/- each and 212coupons of Rs.5/- each were allotted to shareholders in exchange for571480 equity shares of Rs. 25/- each. Equity shares of Rs.10/- eachwere allotted against 91 coupons of Rs.5/- between the period FY 1962to FY 1976. On October 151975 the Company made a bonus issue in theratio of 1:1 of Rs. 10/- held and shares were allotted against theremaining 121 coupons.The Company allotted shares to the shareholders of KDB IndustriesLimited Bengal Ingot Company Limited BCR Limited Jg Glass LimitedSewa Papers Limited and Modem Stramit (India) Limited as per theschemes of amalgamation/ the BIFR orders as applicable. On April231998 the Company allotted 10000000 equity shares of Rs.10/- eachto Al Murjan Trading & Industrial Company Limited. Further on August212000 11887469 equity shares of Rs. 10/- each were allotted to theshareholders of BPHL in terms of the Scheme of arrangement andreorganization between BILT BPHL and APR Packaging Limited.The Company made a rights issue of 5475522 partly convertibledebentures (PCDs) of face value Rs.400/- on January 271992. Theconvertible portion of the PCDs was converted into equity shares ofRs.10/- each at a premium of Rs.90/- per equity share on September201992. The last issue made by the Company was a simultaneous rightsand public issue on June 3 1993 which included an allotment to theemployees of BILT. 7150000 equity shares of Rs.10/- each allottedthrough the public issue to the public 707613 equity shares ofRs.10/- each allotted to the employees of the Company and 14152243equity shares of Rs. 10/- each were allotted to the existingshareholders on a rights basis in the ratio of one equity share forevery two equity shares held. Please see the "Capital structure -Notes to capital structure" for further details.(c) Inorganic and organic growthIn its current form BILT has evolved not only through organic growthand developments but also through a series of inorganic acquisitionsas well as divestments made through the years.BILT was incorporated in 1945 with its only unit situated in BallarpurMaharashtra with an initial capacity of 39 tpd. Shree Gopal Paper MillsLimited a paper mill established in 1938 merged with the Company in1969. This unit situated at Yamunanagar in the state of Haryana(Northern India) had started commercial production in 1952 with aninitial paper capacity of 40 tpd. In 1988 the Company entered theindustrial paper segment with the acquisition of KDB IndustriesLimited. The unit situated at Ashti Maharashtra started commercialproduction of extensible sack kraft paper and papersacks in 1991-92with an initial capacity of 35000 tpa. The Company forayed into theglass business with the merger of Jg Glass Limited with it effectiveJuly 1988. Jg was in the business of manufacture of glass containersand had units at Pune andRishikesh with an installed capacity of 67000 tpa. Thereafter in1991. BILT set up a greenfield project with a capacity of 150 tpd atPondicherry for the manufacture of glass containers.With effect from April 1 1989 Bengal Ingot Company Limited and BCRLimited were amalgamated with the Company in terms of BIFR orders.Subsequently in 1990 Sewa Papers Limited a company with an installedpaper capacity of 33000 tpa at Jeypore Orissa was merged with BILT aspart of a rehabilitation package under an order of the BIFR.Thereafter Modern Stramit (India) Limited (MSIL) was merged with theCompany in terms of a BIFR order in 1991. MSIL was engaged in themanufacture of panel boards and had an installed capacity of 612000sq. meters pa. In 1992. BILT acquired another paper manufacturingfacility Unit Choudwar at Orissa with a capacity of 22000 tpa.As part of a backward integration program for its paper Units BILTalso diversified into chemicals (caustic soda and chlorine) byestablishing fully integrated chemical plants at Karwar in the early1970s. Soon thereafter the company set up salt manufacturing facilityat Singach tor captive use. BILT also set up Bromine / Bromide plantsat Khavda in 1996-97.The Company also diversified into other businesses such as agro-basedproducts aerated autoclaved concrete (AAC) and leather during theperiod 1970s-1980s.By 1994 BILT had become a multi business conglomerate with interestsin diverse businesses such as glass agro based products leather andchemicals apart from its core business of paper. At this time themanagement carried out a Business Portfolio rationalization exercisethe outcome of which was to make BILT a focused paper company.Subsequently two-phase restructuring exercise was implemented totransform BILT from a diversified conglomerate to a company focused onpaper.The first phase (1994-98) of the restructuring exercise involved thehiving off of the glass division in 1994 to a separate company OwensBILT Limited by way of a Joint Venture between BILT and Owens IllinoisInc. USA. Initially a 49% stake in the Joint Venture was retained bythe Company which was subsequently sold to the joint venture partnerin 1997. BILT sold its edible oils and Vanaspati business includingthe brands "Gopal" "Cornola" "Sampoorna" and "Prime Life" in1996-97. Thereafter in 1998 the chemicals division comprising KarwarSingach and Khavda units was sold to a new company BILT ChemicalsLimited.To achieve a focused outlook on the paper business of BILT and foreffective planning and control improved growth and betterprofitability of BILT various investments made by BILT includingthose in other Thapar Group Companies were vested in JanpathInvestment & Holding Limited (JIHL) a fully owned investment subsidiarywith effect from 1997. The transfer of investments was carried outunder a Scheme of Arrangement and Reconstruction under Sections 391-394of the Act.In the second phase of restructuring (1999-2000) BILT transferred itssack kraft paper and multi wall sacks business located at AshtiMaharashtra to APR Packaging Limited a wholly owned subsidiary ofBPHL. Simultaneously BILT acquired the pulp business of BPHL(erstwhile known as APR Limited) which comprised manufacturingfacilities for rayon grade and paper grade pulp at Kamalapuram AndhraPradesh. The net consideration payable after the above swap of businesswas discharged by way of issue of BILT shares to the shareholders ofBPHL in the ratio of 3:10 (3 equity shares of BILT for every 10 equityshares of BPHL).
Name | Position |
---|---|
Ms. Yashashree Gurjar | Non Executive Director |
Mr. Rajeev Ranjan Vederah | Independent Director |