Interim report
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11th November, 2025 National Stock Exchange of India Limited Listing Department, ‘Exchange Plaza’, C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. BSE Limited The Corporate Relationship Department 1st Floor, New Trading Wing, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai- 400001. Symbol: BALRAMCHIN Scrip Code: 500038 Dear Sir/Madam, Subject: Outcome of Board Meeting We wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. 11th November, 2025 has inter-alia i. Considered and approved Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Half year ended 30th September, 2025, as reviewed and recommended by the Audit Committee. In this regard, we are enclosing herewith Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Half year ended 30th September, 2025 along with the Limited Review Reports issued by the Statutory Auditors of the Company (Annexure-A). ii. Declared an Interim Dividend of 350% i.e. ₹3.50/- per equity share of ₹1/- each fully paid up for the Financial Year 2025-26 and the same shall be paid to the Equity Shareholders of the Company whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners as on Monday, 17th November, 2025 which is the Record Date fixed for the said purpose. We would like to further inform you that the said Interim Dividend will be paid to the Equity Shareholders of the Company on and from Monday, 1st December, 2025. iii. Approved the allotment of 6,478 equity shares of ₹1/- each of the Company, fully paid up, at their meeting held today, i.e., 11th November, 2025, to the employees of the Company pursuant to exercise of Employees Stock Appreciation Rights, as per the Plan.
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Further, please find enclosed (Annexure-B) the details as required under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Further, the said meeting commenced at 01.00 P.M and concluded at 02.15 P.M. Thanking You. Yours faithfully For Balrampur Chini Mills Limited Manoj Agarwal Company Secretary & Compliance Officer Encl: A/a
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LODHA &CQLLP Chartered Accountants The Board of Directors Balrampur Chini Mills Limited 14 Government Place East, Kolkata 700 069. India Telephone : 033-2248-1111/ 1507/40400000 Telefax 033-2248-6960 Email cal@lodhaco.com INDEPENDENT AUDITORS' REVIEW REPORT 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Balrampur Chini Mills Limited ("the Company") for the quarter and six months ended 30th September 2025 ("the Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 and 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time ("the Listing Regulations"). We have initialed the Statement for identification purposes only. 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS- 34") prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder from time to time and other accounting principles generally accepted in India, and in compliance with Regulation 33 and 52(4) of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of the Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, we report that, nothing has come to our attention that causes us to believe that the accompanying Statement of the Unaudited Standalone Financial Results read with notes thereon, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder from time to time and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation 33 and 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time), including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Kolkata Date: 11th November 2025 For LODHA & co LLP (Chartered Accountants) Firm's ICAI Registration No.: 301051E/ E300284 As� {Partner) Membership No.: 054565 UDIN: 25054565BMOPSZ9079 Regd. Office: 19, Esplanade Mansions. 14 Government Place East. Kolkata 700069, West Bengal. India. Lodha & Co (Registration No. 30 I 051 E) a Partnership Firm was converted into Lodha & Co LLP (Registration No. 301051 E/E300284) a Limited Liability Partnership having Identification No. : ACE-5752 with effect from December 27, 2023 Kolkata Mumbai New Delhi Chennai Hyderabad laipur Annexure-A
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BALRAMPUR CHIN! MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/ 3A, A.J.C. Bose Road, Kolkata- 700020 .,-CIN- L15421WB1975PLC030118, Phone No. (033) 22874749, Fax No. (033) 22872887 E-mail: bcml@bcml.in Website: www.chini.com Statement of Unaudited Standalone Financial Results for the Ouarter and Six months ended 30-09-2025 (f in lakhs except EPS data) SI. Particulars 3 months Preceding Corresponding 6 months Corresponding Year No. ended 3 months 3 months ended ended 6 months ended ended 30-09-2025 ended 30-09-2024 30-09-2025 30-09-2024 31-03-2025 30-06-2025 in the Previous in the Previous vear vear /Unaudited\ /Unaudited\ /Unaudited\ /Unaudited\ /Unaudited\ (Audited) 1 Revenue from operations 167076.34 154227.45 129794.72 321303.79 271954.67 541537.83 2 Other income 873.41 630.40 829.01 1503.81 1596.79 3216.22 Total income 167949.75 154857.85 130623.73 322807.60 273551.46 544754.05 3 Expenses a) Cost of materials consumed 15279.48 26163.20 1618.23 41442.68 36109.93 411135.33 b) Purchases of stock-in-trade 735.81 372.40 480.94 1108.21 480.94 538.61 c) Changes in inventories of finished goods, by-products, stock-in-trade and work-in-progress 119479.85 95817.27 105475.11 215297.12 177547.44 (25873.47) d) Employee benefits expense 9955.38 9295.17 9352.94 19250.55 18542.82 40490.81 e) Finance costs 1423.11 3366.82 2002.91 4789.93 5606.26 9346.09 t) Depreciation and amortisation expense 4431.61 4370.50 4319.28 8802.11 8578.97 17254.33 lo1 Other exn<>nses 9585.70 9154.51 7959.10 18740.21 17751.88 44822.20 Total exnenses 160890.94 148539.87 131208.51 309430.81 264618.24 497713.90 4 Profit/ (Loss) before exceptional items and tax (1 +2-3) 7058.81 6317.98 (584.78) 13376.79 8933.22 47040.15 5 Exceptional items - - - - 6 Profit/ (Loss) before lax (4+5) 7058.81 6317.98 (584.78) 13376.79 8933.22 47040.15 7 Tax expense Current tax 1569.97 1262.55 (102.18) 2832.52 1560.81 7733.71 Deferred tax 893.52 746.75 (132.18) 1640.27 1259.61 4918.33 8 Profit/ (Loss) for the period/ year (6-7) 4595.32 4308.68 (350.42) 8904.00 6112.80 34388.11 9 Other comprehensive income (i) Items that will not be reclassified to profit or loss 522.37 (24.69) 604.94 497.68 579.29 303.41 (ii) Income tax relating to items that will not be (182.54) 8.63 (211.37) (173.91) (202.24) (104.75) reclassified to profit or loss Total other comprehe.nsive income for the period/ year 339.83 (16.06) 393.57 323.77 377.05 198.66 10 Total comprehensive income for the period/ year (8+9) 4935.15 4292.62 43.15 9227.77 6489.85 34586.77 11 Paid-up Equity share capital 2019.44 2019.02 2017.49 2019.44 2017.49 2019.02 (Par value oft 1 /- each) 12 Other equity 356098.46 (As at 31-03-2025) 13 Earnings per share: (Par value of � 1/-each) (not annualised for quarterly and half yearly figures): a) Basic(�) 2.28 2.13 (0.17) 4.41 3.03 17.04 b) Diluted (fl 2.26 2.11 (0.17) 4.38 3.01 16.98 See accompanying notes to the financial results Unaudited Standalone Sevment Wise Revenue Results Assets and Liabilities for the nuarter and Six months ended 30-09-2025 (� in lakhs) SI. Particulars 3 months Preceding Corresponding 6 months Corresponding Year No. ended 3 months 3 months ended ended 6 months ended ended 30-09-2025 ended 30-09-2024 30-09-2025 30-09-2024 31-03-2025 30-06-2025 in the Previous in the Previous vear vear /Unaudited\ /Unaudited} /Unauditedl /Unauditedl /Unaudited\ (Audited\ 1 Segment revenue a) Sugar 131704.75 116763.13 104862.11 248467.88 218023.53 489741.47 b) Distillery 40500.78 46147.13 26446.20 86647.91 68853.65 143001.24 c) Polylaclic Acid {PLA} 572.90 25.56 - 598.46 - -d) Others 459.00 249.41 429.21 708.41 655.15 1965.44 Total 173237.43 163185.23 131737.52 336422.66 287532.33 634708.15 Less: Inter see:ment revenue 6161.09 8957.78 1942.80 15118.87 15577.66 93170.32 Revenue from operations 167076.34 154227.45 129794.72 321303.79 271954.67 541537.83 2 Segment results- Profit/ (loss) before tax, finance costs and exceptional items a) Sugar 5284.31 4806.55 154.75 10090.86 7627.30 46761.10 b) Distillery 5936.41 7766.43 3296.78 13702.84 11404.09 19230.95 c) Polylactic Acid (PLA} (101.19) (400.99) (6.34) (502.18) (6.34) (138.52) ct\ Others 105.19 44.41 137.47 149.60 237.53 628.07 Total 11224.72 12216.40 3582.66 23441.12 19262.58 66481.60 Less: i. Finance costs 1423.11 3366.82 2002.91 4789.93 5606.26 9346.09 ii. Other unallocable expenditure, net of unallocable income 2742.80 2531.60 2164.53 5274.40 4723.10 10095.36 Profit/ (Loss) before tax 7058.81 6317.98 1584.781 13376.79 8933.22 47040.15 3 Segment assets a) Sugar 236603.42 342546.40 255572.47 236603.42 255572.47 437536.40 b} Distillery 115639.98 135736.25 106995.35 115639.98 106995.35 140024.87 c) Polylactic Acid (PLA) 108227.92 90637.31 33351.85 108227.92 33351.85 77154.09 d) Others 1734.71 1612.78 1939.53 1734.71 1939.53 1559.96 e) Unallocable 33305.02 51856.93 37657.22 33305.02 37657.22 31615.51 Total 495511.05 622389.67 435516.42 495511.05 435516.42 687890.83 Segment liabilities a) Sugar 15420.46 11212.73 13575.46 15420.46 13575.46 36388.21 b) Distillery 3416.38 4301.93 3448.97 3416.38 3448.97 3128.90 c) Poly lactic Acid (PLA) 2825.23 836.35 102.05 2825.23 102.05 224.78 d) Others 152.07 115.47 86.00 152.07 86.00 102.19 e) Unallocable 104880.91 242963.85 83105.92 104880.91 83105.92 289929.27 Total 126695.05 259430.33 100318.40 126695.05 100318.40 329773.35 Ba n sed o the nature of business activity, the Company has 1dent1fied sugar, d1st1l1ery, polylactJc ac1d(PLA) and others as reportable segments.
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( Notes: 1) SL No. A - 5)��-�--9-�<. .....,0/1¥?- ·-.�� . ' *i K TA l 'J-\ / o>_,. ·--. / :-,!; ?e ·--- --- �<:- "ed AcC� - -&cH1\,�✓ ltf :� ,,.�~-.::_t-,. ( ' .ce;< l ·�� --�-�✓� (l * 1 2 B 1 2 � � ) � ;� BALRAMPUR CHINI MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/ 3A , A.J.C. Bose Road, Kolkata- 700020 CIN- L15421WB1975PLC030118, Phone No. (033) 22874749, Fax No. (033) 22872887 E-mail: bcml@bcml.in Website: www.chini.com Statement of Unaudited Standa lone Assets and Liabilities Particulars As at 30-09-2025 (Unaudited) ASSETS Non-current assets a) Property, plant and equipment 258241.12 b) Capital work-in-progress 31601.77 c) Intangible assets 65.46 d) Financial assets i) Investments 18112.79 ii) Other financial assets 275.58 e) Non-current tax assets (net) - f) Other non-current assets 78283.45 Sub total-Non-current assets 386580.17 Current assets a) Inventories 88341.65 b) Biological assets 100.94 c) Financial assets i) Trade receivables 9971.63 ii) Cash and cash equivalents 725.38 iii) Bank balances other than cash and cash equivalents 330.28 iv) Other financial assets 987.11 d) Income tax assets (net) 1433.38 e) Other current assets 7040.51 Sub total-Current assets 108930.88 TOT AL ASSETS 495511.05 EQUITY AND LIABILITIES Equity a) Share capital 2019.44 b) Other equity 366796.56 Sub total-Equity 368816.00 Liabilities Non-current liabilities a) Financial liabilities i) Borrowings 58505.00 ii) Lease liabilities 65.38 b) Provisions 1312.67 c) Deferred tax liabilities (net) 25666.16 Sub total-Non-current liabilities 85549.21 Current liabilities a) Financial liabilities i) Borrowings 18852.95 ii) Lease liabilities 16.63 iii) Trade and other payables (a) Trade payables Total outstanding dues of micro enterprises and small enterprises 859.00 Total outstanding dues of creditors other than micro enterprises and small enterprises 2641.42 (b) Other payables Total outstanding dues of micro enterprises and small enterprises 1042.17 Total outstanding dues of creditors other than micro enterprises and small enterprises 2764.89 iv) Other financial lia bill ties 7977.42 b) Deferred income - c) Other current liabilities 6313.28 d) Provisions 185.30 e) Current tax liabilities (net) 492.78 Sub total-Current liabilities 41145.84 TOT AL EQUITY AND LIABILITIES 495511.05 .,. (fin lakhs) As at 31-03-2025 (Audited) 264481.32 10577.41 57.02 18112.79 283.15 64.13 64232.39 357808.21 311871.81 43.60 14296.08 35.66 305.93 532.53 - 2997.01 330082.62 687890.83 2019.02 356098.46 358117.48 48948.67 62.64 1150.66 23957.67 74119.64 213670.48 16.63 1056.47 26608.24 203.92 428.74 7736.74 - 4800.59 650.89 481.01 255653.71 687890.83
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Notes: 2) SL No. A B Footnote: BALRAMPUR CHINI MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/ 3A, A.J.C. Bose Road, Kolkata- 700020 CIN - L15421WB1975PLC030118, Phone No. (033) 22874749, Fax No. (033) 22872887 E-mail: bcml@bcml.in Website: www.chini.com Statement of Unaudited Standalone Cash Flows Particulars CASH FLOW FROM OPERATING ACTIVITIES Profit before exceptional items and tax Adjustments to reconcile profit before exceptional items and tax to net cash flow provided by operating activities: Finance costs Depreciation and amortisation expense Loss/ (Profit) on sale/ discard of property, plant and equipment (net) and intangible assets Sundry debit balances/ advances written off Obsolete stores and spares written off Provision for obsolescence/ non-moving stores and spares (utilised)/ created Transfer to storage fund for molasses Interest income on financial asset Fair value gain on derivatives Liabilities no longer required written back Share based payments to employees - equity settled Storage fund for molasses written back Unrealised loss on foreign currency translations Operating profit before working capital changes Adjustments to reconcile operating profit to cash flow provided by changes in working capital: Decrease in inventories (Increase) in biological assets Decrease in trade receivables (Increase) in other current/ non-current financial assets (Increase) in other current/non-current assets (Deposit) in/withdrawal from escrow account (Decrease) in trade payables Increase in other current financial liabilities Increase in other current liabilities (Decrease) in provisions Cash generated from operations Income tax paid (net) Net cash generated from operating activities CASH FLOW FROM INVESTING ACTIVITIES Payments to acquire property, plant and equipment (PPE), capital work-in-progress (CWIP) and intangible assets Proceeds from sale of property, plant and equipment Fixed deposits placed with banks Fixed deposits redeemed from banks Interest received on fixed deposits Net cash (used in) investing activities CASH FLOW FROM FINANCING ACTIVITIES Proceeds from issuance of equity shares on exercise of employee stock appreciation rights (ESAR) Payment to shareholders for fraction ESAR (A) (B) Share application money received on exercise of ESAR, pending for allotment Proceeds from term loans Repayment of non-current borrowings Proceeds from issue of commercial paper (net) Repayment of working capital loans (net) Interest paid Other borrowing costs Net cash (used in) financing activities (C) Net increase in cash and cash equivalents (A+B+C) Opening cash and cash equivalents Closing cash and cash equivalents for the purpose of Statement of Unaudited Standalone Cash Flows Half year ended 30-09-2025 (Unaudited) 13376.79 4789.93 8802.11 (58.07) 0.08 0.78 20.00 (10.87) (68.96) (58.14) 614.21 0.04 27407.90 223529.38 (57.34) 4324.45 (382.75) (3459.07) (0.78) (24106.15) 1213.61 1512.70 (303.57) 229678.38 (4277.46) 225400.92 (32105.85) 102.85 (15.96) 1.65 5.74 (32011.57) 0.42 (0.06) 0.06 14000.00 (4450.00) 9952.95 (204770.48) (7408.01) (24.51) (192699.63) 689.72 35.66 725.38 � in lakhs) Half year ended 30-09-2024 (Unaudited) 8933.22 5606.26 8578.97 23.13 2.18 204.26 (242.51) 20.76 (9.65) (11.51) 757.97 (31.40) 23831.68 186323.38 (53.92) 9421.60 (638.99) (286.07) 3.30 (24058.92) 60.81 7.21 (409.97) 194200.11 (4444.60) 189755.51 (40314.63) 718.90 (25.84) 34.68 5.75 (39581.14) - - 0.31 400.00 (21278.40) - (119634.21) (6298.79) (72.72) (146883.81) 3290.56 31.92 3322.48 The above Statement of Unaudited Standalone Cash Flows has been prepared under the "Indirect Method" as set out in the Indian Accounting Standard (IND AS) 7 on Statement of Cash Flows.
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BALRAMPUR CHINI MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A. J. C. Bose Road, Kolkata - 700020 CIN - L15421WB1975PLC030118, Phone No. (033) 2287 4749, Fax No. (033) 2287 2887 E-mail: bcml@bcml.in Website: www.chini.com R 3. The above Statement of Unaudited Standalone Financial Results for the quarter and six months ended 30th September 2025, along with notes thereupon, including the Statement of Unaudited Standalone Assets and Liabilities, and the Statement of Unaudited Standalone Cash Flows, as given in Note 1 and 2 respectively, were reviewed by the Audit Committee and thereafter, approved by the Board of Directors. The results were taken on record at their respective meetings held on 11th November, 2025. The Statutory Auditors have carried out limited review of the above financial results for the quarter and six months ended 30th September, 2025. 4. The Board of Directors have declared an interim dividend of z 3.50 (350%) per Equity Share of z 1/ each. 5(a) Pursuant to the "BCML Employees Stock Appreciation Rights Plan 2023" ("ESAR 2023" / "Plan"), and BCML Restricted Stock Unit Scheme 2025" ("RSU 2025" / "Scheme"), rights/ units have been granted to eligible employees entitling them to subscribe to the Company's equity shares, on or after the respective vesting dates, in accordance with the terms and conditions of the Plan/ Scheme. During the current quarter, 41587 equity shares of par value z 1/- each have been allotted on 12th August, 2025 (which was approved by the Board of Directors at their meeting held on 12th August, 2025) to the eligible employees of the Company pursuant to exercise of 112742 ESARs, as per the Plan. The corresponding effect thereof has been included in Equity share capital and Other equity as of 30th September 2025. Moreover, an amount of z 0.06 lakhs received upon exercise of 18860 ESARs have been accounted for as share application money pending allotment. Consequential effect in the equity of the Company shall be given effect to upon allotment of equity shares. During the current quarter, 144182 ESARs have been granted to the eligible employees under the Plan. The ESARs outstanding as on 30th September 2025 is 2859769. During the quarter and six months ended 30th September 2025, 101161 RSUs and 1118513 RSUs have been granted respectively, to the eligible employees under the Scheme. The RSUs outstanding as on 30th September 2025 is 1118513. In accordance with Ind AS 102 - Share-based Payment, the ESARs and RSUs granted have been fair-valued by an independent valuer on their respective grant dates. The impact of the amortised cost over the vesting period has been given effect to and recognised in the respective period. 5(b) The Uttar Pradesh Electricity Regulatory Commission ("UPERC"), vide Notification No. UPERC/Secretary /CRE Regulations/2024/014, dated 17th October 2025, issued the Uttar Pradesh Electricity Regulatory Commission (Captive and Renewable Energy Generating Plants) Regulations, 2024 revising the power tariff rates retrospectively w.e.f. 1st April, 2024. Accordingly, revenue arising on account of the revision in tariff amounting to z 1770.22 lakhs for the period from 1st April, 2024 to 30th June, 2025 has been accounted for during the current quarter and included under "Revenue from operations" in these financial results.
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BALRAMPUR CHIN! MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A. J. C. Bose Road, Kolkata - 700020 CIN - L15421WB1975PLC030118, Phone No. (033) 2287 4749, Fax No. (033) 2287 2887 E-mail: bcml@bcml.in Website: www.chini.com 6. The details of commercial paper outstanding as on 30th September 2025 and listed on the BSE Ltd., including additional information pursuant to Regulation 52(4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) ("additional information") are as follows: (a) Description of commercial papers: Amount ISIN outstanding (tin lakhs) INE119A14872 10000.00 (b) Additional information (as applicable): Due date of Date of Credit rating repayment repayment 30/10/2025 30/10/2025 CRISIL Al+, IND Al+ Particulars 3 months Preceding 3 Corresponding 6 months Corresponding ended months 3 months ended 6 months ended Year ended 30-09-2025 ended ended 30-09-2025 30-09-2024 in 31-03-2025 Debt-equity ratio (in times) Debt service coverage ratio (in times) Interest service coverage ratio (in times) Outstanding redeemable preference shares (Quantity and Value) - Quantity (in numbers) - Value (tin lakhs) Capital redemption reserve (t in lakhs) Debenture redemption reserve(� in lakhs) Net worth (tin lakhs) Net profit after tax (t in lakhs) Earnings per share (t per equity share) - Basic earnings per share - Diluted earnings per share Current ratio (in times) Long-term debt to working capital (in times) Bad debts to account receivable ratio 30-06-2025 30-09-2024 in the Previous year (Unaudited) (Unaudited) (Unaudited) 0.18 0.17 0.08 1.01 0.98 0.47 8.46 3.99 2.45 - - - - - - 3086.99 3086.99 3086.99 - - 363505.10 357648.44 329888.77 4595.32 4308.68 (350.42) 2.28 2.13 (0.17) 2.26 2.11 (0.17) 2.65 1.42 1.80 ...., - "'" 0.82 0.49- �1>.&r., � U---r.H T"-� fl:.� ... �----< 4,.1 f/ o 'v ��-�-;.h.-- --�- {(Ji -....,: -*= IA\* I r�x o ... .,__,. - ''C"' \\ -I lt"" l'J\/r { /.!(JI � � VJf/ .,.,:\,>t--, ��>-------<�� fl--;-o. 8d Acc0 the Previous year (Unaudited) (Unaudited) (Audited) 0.18 0.08 0.16 1.64 1.25 3.34 5.32 3.84 7.54 - - - - - - 3086.99 3086.99 3086.99 - - - 363505.10 329888.77 352806.58 8904.00 6112.80 34388.11 4.41 3.03 17.04 4.38 3.01 16.98 2.65 1.80 1.29 1.00 0.49 0.78 - - -
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BALRAMPUR CHINI MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A. J. C. Bose Road, Kolkata - 700020 CIN - L15421 WB1975PLC030118, Particulars Phone No. (033) 2287 4749, Fax No. (033) 2287 2887 E-mail: bcml@bcml.in Website: www.chini.com 3 months Preceding 3 Corresponding 6 months Corresponding Year ended months 3 months ended 6 months ended ended 30-09-2025 ended ended 30-09-2025 30-09-2024 in 31-03-2025 30-06-2025 30-09-2024 in the Previous the Previous year year (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Current liability ratio (in 0.32 0.69 0.64 0.32 0.64 0.78 times) Total debts to total assets 0.16 0.35 0.14 0.16 0.14 0.38 (in times) Debtors turnover ratio (in 16.76 15.82 41.40 32.22 86.74 37.88 times) Inventory turnover ratio 1.10 0.58 0.85 1.61 1.40 1.81 (in times) Operating margin (%) 7.21% 8.70% 3.78% 7.93% 7.91% 13.00% Net profit margin (%) 2.75% 2.79% (0.27)% 2.77% 2.25% 6.35% Formulae used for computation of ratios: Particulars Debt-equity ratio Debt service coverage ratio Interest service coverage ratio Basic earnings per share Diluted earnings per share Current ratio Long-term debt to working capital Current liability ratio Numerator Long-term borrowings (+) Current maturities of long-term debt ( +) Deferred income ( +) Lease liabilities Profit/ (loss) for the period/ year [i.e. Profit/ (loss) after tax] (+) Depreciation and amortisation expense ( +) Finance costs EBITDA computed as: Profit/ (loss) before tax (-) Other income (+) Finance costs (+) Depreciation and amortisation expense Profit/ (loss) for the period/ year [i.e. Profit/ (loss) after tax] Profit/ (loss) for the period/ year [i.e. Profit/ (loss) after tax] Current assets Long-term borrowings (+) Current maturities of long-term debt (+) Deferred income(+) Lease liabili 77, � "�" Current liabilities �5).,,��:;!£ .. --:; .. -::.v:(,�o.,•· ··-..< -......J,' \-0 I . . *: , ,a . :* l I()•// '"> �\ /c: � .... ;�---..... ---�&�'ti 'J 0d Acc0 Denominator Equity computed as: Share capital(+) Other equity Finance costs ( +) Current lease liabilities (+) Current maturities of long-term debt Finance costs Weighted average number of equity shares outstanding for computing basic earnings per share Weighted average number of equity shares outstanding for computing diluted earnings per share Current liabilities Current assets I �lly_� -�'/ (-) Current liabilities ,,� ,v I"" _Jf ll Total liabilities �'e:�-:;�� �
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BALRAMPUR CHINI MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A. J. C. Bose Road, Kolkata - 700020 CIN - L15421WB1975PLC030118, Phone No. (033) 2287 4749, Fax No. (033) 2287 2887 E-mail: bcml@bcml.in Website: www.chini.com Particulars Numerator Denominator Total debts to total Long-term borrowings Total assets assets ( +) Deferred income (+) Lease liabilities (+) Short-term borrowings (including current maturities of long-term debt) Debtors turnover Revenue from operations Closing trade receivables ratio Inventory turnover Revenue from operations Average inventory ratio Operating margin EBITDA Revenue from operations Net profit margin Profit/ (loss) for the period/ year [i.e. Profit/ Revenue from operations (loss) after tax] 7. Sugar being a seasonal industry, the performance of the Company varies from quarter to quarter and financial results for the quarter as such are not representative of the annual performance of the Company. 8. The previous periods'/ year's figures have been regrouped and rearranged wherever necessary to make them comparable with those of the current periods' figures. Place of Signature: Kolkata Date: 11th November, 2025 r and on behalf of the Board of Directors of Balrampur Chini Mills Limited ��V--tv�� Vivek Saraogi Chairman and Managing Dire, tor
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LODHA &CQLLP Chartered Accountants The Board of Directors Balrampur Chini Mills Limited 14 Government Place East, Kolkata 700 069. India Telephone : 033-2248-1111/ 1507/40400000 Telefax 033-2248-6960 Email cal@.lodhaco.com INDEPENDENT AUDITORS' REVIEW REPORT 1. We have reviewed the accompanying statement of Unaudited Consolidated Financial Results of Balrampur Chini Mills Limited ("the Company") and its share of net profit after tax and total comprehensive income of its Associate Company for the quarter and six months ended 30th September 2025 ("the Statement"), being submitted by the Company pursuant to Regulation 33 and 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time ("the Listing Regulations"). We have initialed the Statement for identification purposes only. 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS- 34") prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, and in compliance with Regulation 33 and 52(4) of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of ma kin& inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the Associate Company "Auxilo Fin serve Private Limited". 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement of the Unaudited Consolidated Financial Results read with notes thereon, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder from time to time and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation 33 and 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time), including the manner in which it is to be disclosed, or that it contains any material misstatement. Regd. Office : I 9. Esplanade Mansions. 14 Government Place East. Kolkata 700069. West Bengal. India. Lodha & Co (Registration No. 30 I 051 El a Partnership Firm was converted into Lodha & Co LLP (Registration No. 301051 E/£300284) a Limited Liability Partnership having Identification No. : ACE-5752 with effect from December 27, 2023 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur
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LODHA &COUP 6. The Unaudited Consolidated Financial Results include the Company's share of net profit after tax of� 793.85 lakhs and� 1,642.47 lakhs, and total comprehensive income of� 793.36 lakhs and� 1,637.89 lakhs for the quarter and six months ended 30th September 2025 respectively, in respect of the Associate Company mentioned in paragraph 4 above, which have not been subjected to review by us. The interim financial results of the above Associate Company for the quarter and six months ended 30th September 2025, have been reviewed by the other auditor in accordance with SRE 2410 "Review of Interim Financial Information performed by the Independent Auditor of the Entity" and whose unmodified report have been furnished to us by the Management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the aforesaid Associate Company, is based solely on the report of the other auditor, and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of this matter. Place: Kolkata Date: 11th November 2025 For LODHA & CO LLP {Chartered Accountants) Firm's ICAI Registration No.: 301051E/ E300284 Ashim Kumar Ghosh {Partner) Membership No.: 054565 UDIN: 25054565BMOPTA5529
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SI. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 SI. No. 1 2 3 BALRAMPUR CHINI MILLS LI MITED Regd. Office: FMC Fortuna, 2nd floor, '134/ 3A, A.J.C. Bose Road, Kolkata- 700020 'fJ CIN- L15421WB1975PLC030118, Phone No. (033) 22874749, Fax No. (033) 22872887 E-mail: bcmI@bcmJ.in Website: www.chini.com Statement of Unaudited Consolidated Financial Results for the nuarter and Six months ended 30-09-2025 � in lakhs except EPS data) Particulars 3 months Preceding Corresponding 6 months Corresponding ended 3 months 3 months ended ended 6 months ended 30-09-2025 ended 30-09-2024 30-09-2025 30-09-2024 30-06-2025 in the Previous in the Previous vear vear (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue from operations 167076.34 154227.45 129794.72 321303.79 271954.67 Other income 873.41 630.40 6489.09 1503.81 7256.87 Total income 167949.75 154857.85 136283.81 322807.60 279211.54 Expenses a) Cost of materials consumed 15279.48 26163.20 1618.23 41442.68 36109.93 b) Purchases of stock-in-trade 735.81 372.40 480.94 1108.21 480.94 c) Changes in inventories of finished goods, by-products, stock-in- trade and work-in-progress 119479.85 95817.27 105475.11 215297.12 177547.44 d) Employee benefits expense 9955.38 9295.17 9352.94 19250.55 18542.82 e) Finance costs 1423.11 3366.82 2002.91 4789.93 5606.26 f) Depreciation and amortisation expense 4431.61 4370.50 4319.28 8802.11 8578.97 Iv:) Other expenses 9585.70 9154.51 7959.10 18740.21 17751.88 Total expenses 160890.94 148539.87 131208.51 309430.81 264618.24 Profit before share of profit of associate, exceptional 7058.81 6317.98 5075.30 13376.79 14593.30 items and tax (1 +2-3) Share of profit of associate 926.31 990.22 840.11 1916.53 1559.88 Profit before exceptional items and tax (4+5) 7985.12 7308.20 5915.41 15293.32 16153.18 Exceptional items - - - - - Profit before tax (6+7) 7985.12 7308.20 5915.41 15293.32 16153.18 Tax expense Current tax 1569.97 1262.55 (102.18) 2832.52 1560.81 Deferred tax 1025.98 888.35 (699.96) 1914.33 859.51 Profit for the period/ year (8-9) 5389.17 5157.30 6717.55 10546.47 13732.86 Other comprehensive income (i) Items that will not be reclassified to profit or loss 521.80 (29.46) 603.15 492.34 575.60 (ii) Income tax relating to items that will not be (182.46) 9.31 (213.04) (173.15) (203.47) reclassified to profit or loss Total other comprehensive income for the period/ year 339.34 (20.15) 390.11 319.19 372.13 Total comprehensive income for the period/ year (10+11) 5728.51 5137.15 7107.66 10865.66 14104.99 Paid-up Equity share capital 2019.44 2019.02 2017.49 2019.44 2017.49 (Par value of? 1 /- each) Other equity Earnings per share: (Par value of, 1/-each) (not annualised for quarterly and half yearly figures): a) Basic(') 2.67 2.55 3.33 5.22 6.81 b) Diluted(') 2.65 2.53 3.31 5.19 6.77 See accomoanvine: notes to the financial results Unaudited Consolidated Sevment Wise Revenue Results Assets and Liabilities for the nuarter and Six months ended 30-09-2025 Particulars Segment revenue a) Sugar b) Distillery c) Polylactic Acid (PLA) d) Others Total Less: Inter segment revenue Revenue from operations Segment results- Profit/ (loss) before tax, finance costs and exceptional items a) Sugar b) Distillery c) Poly lactic Acid (PLA) d) Others Total Less: I. Finance costs ii. Other unallocable expenditure, net of unallocable income Profit before tax Segment assets a) Sugar b) Distillery c) Polylactic Acid (PLA) d) Others e) Unallocable Total Segment liabilities a) Sugar b) Distillery c) Polylactic Acid (PLA) d) Others e) Unallocable Total - �"II.('� fc�::>----.-:_ < :-- � -9/ ·.f-.o I *I � ATA i* I (')• ' er.. ':1\ /� �...... _,,,f"(;; � i"(!). ·-. -�---:.,\<::-� �v� -c;al..> ��--�-~'!4 f::r r \'? (1b-)E 1 l \.\: .,>-,; .... __ ..,,._'y] �(/ * -✓,/ 3 months ended 30-09-2025 (Unaudited) 131704.75 40500.78 572.90 459.00 173237.43 6161.09 167076.34 5284.31 5936.41 (101.19) 105.19 11224.72 1423.11 1816.49 7985.12 236603.42 115639.98 108227.92 1734.71 60225.52 522431.55 15420.46 3416.38 2825.23 152.07 108730.54 130544.68 Preceding Corresponding 3 months 3 months ended ended 30-09-2024 30-06-2025 in the Previous vear (Unaudited) (Unaudited) 116763.13 104862.11 46147.13 26446.20 25.56 - 249.41 429.21 163185.23 131737.52 8957.78 1942.80 154227.45 129794.72 4806.55 154.75 7766.43 3296.78 (400.99) (6.34) 44.41 137.47 12216.40 3582.66 3366.82 2002.91 1541.38 /4335.66\ 7308.20 5915.41 342546.40 255572.47 135736.25 106995.35 90637.31 33351.85 1612.78 1939.53 77851.69 60703.74 648384.43 458562.94 11212.73 13575.46 4301.93 3448.97 836.35 102.05 115.47 86.00 246681.10 86401.57 263147.58 103614.05 1 Based on the nature of business acttv1tv, theComoan�defihf1ed suStar, d1stillerv, polvlact,c acid (PLA) and others as reportable se�ments. 2 Share of profit of associate, and proportionate increase in net asset value as per Note- 6(b), has been included as unallocable income. 6 months Corresponding ended 6 months ended 30-09-2025 30-09-2024 in the Previous vear (Unaudited) (Unaudited) 248467.88 218023.53 86647.91 68853.65 598.46 - 708.41 655.15 336422.66 287532.33 15118.87 15577.66 321303.79 271954.67 10090.86 7627.30 13702.84 11404.09 (502.18) (6.34) 149.60 237.53 23441.12 19262.58 4789.93 5606.26 3357.87 12496.86) 15293.32 16153.18 236603.42 255572.47 115639.98 106995.35 108227.92 33351.85 1734.71 1939.53 60225.52 60703.74 522431.55 458562.94 15420.46 13575.46 3416.38 3448.97 2825.23 102.05 152.07 86.00 108730.54 86401.57 130544.68 103614.05 Year ended 31-03-2025 (Audited) 541537.83 8881.87 550419.70 411135.33 538.61 (25873.47) 40490.81 9346.09 17254.33 44822.20 497713.90 52705.80 3519.25 56225.05 - 56225.05 7733.71 4799.22 43692.12 297.56 (105.67) 191.89 43884.01 2019.02 377531.43 (As at 31-03-2025) 21.65 21.57 (fin lakhs) Year ended 31-03-2025 (Audited) 489741.47 143001.24 - 1965.44 634708.15 93170.32 541537.83 46761.10 19230.95 (138.52) 628.07 66481.60 9346.09 910.46 56225.05 437536.40 140024.87 77154.09 1559.96 56624.82 712900.14 36388.21 3128.90 224.78 102.19 293505.61 333349.69
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BALRAMPUR CHIN! MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A.J.C. Bose Road, Kolkata- 700020 CIN- L15421WB1975PLC030118, Phone No. (033) 22874749, Fax No. (033) 22872887 E-mail: bcml@bcml.in Website: www.chini.com Notes: 1) Statement of Unaudited Consolidated Assets and Liabilities SI. No. A ASSETS 1 Non-current assets Particulars a) Property, plant and equipment b) Capital work-in-progress c) Intangible assets d) Investment in associate accounted for using the equity method e) Financial assets i) Investment ii) Other financial assets f) Non-current tax assets (net) lg) Other non-current assets 2 Current assets a) Inventories b) Biological assets c) Financial assets i) Trade receivables ii) Cash and cash equivalents Sub total-Non-current assets iii) Bank balances other than cash and cash equivalents iv) Other financial assets d) Income tax assets (net) e) Other current assets B EQUITY AND LIABILITIES 1 Equity a) Share capital b) Other equity 2 Liabilities Non-current liabilities a) Financial liabilities i) Borrowings ii) Lease liabilities b) Provisions c) Deferred tax liabilities (net) Current liabilities a) Financial liabilities i) Borrowings ii) Lease liabilities iii) Trade and other payables (a) Trade payables Sub total-Current assets TOT AL ASSETS Sub total-Equity Sub total-Non-current liabilities Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (b) Other payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises an'd small enterprises iv) Other financial liabilities d� - 1 b) Deferred income ��r'"' • �'f �) Other current liabilities l "\.._ V ) 1 I:•» Current tax liabilities (net) As at 30-09-2025 (Unaudited) 258241.12 31601.77 65.46 44420.14 613.15 275.58 - 78283.45 413500.67 88341.65 100.94 9971.63 725.38 330.28 987.11 1433.38 7040.51 108930.88 522431.55 2019.44 389867.43 391886.87 58505.00 65.38 1312.67 29515.79 89398.84 18852.95 16.63 859.00 2641.42 1042.17 2764.89 7977.42 - 6313.28 185.30 492.78 ( �;f, � \ �� Provisions �, i-- .,� I Sub total-Current liabilities � p.,, '- -1----:(\,°'J'�--------------------------__;�----==;.;;.;;+-(l I>< .// 41145.84 TOT AL EQUITY AND LIABILITIES 522431.55 (fin lakhs) As at 31-03-2025 (Audited) 264481.32 10577.41 57.02 42508.95 613.15 283.15 64.13 64232.39 382817.52 311871.81 43.60 14296.08 35.66 305.93 532.53 - 2997.01 330082.62 712900.14 2019.02 377531.43 379550.45 48948.67 62.64 1150.66 27534.01 77695.98 213670.48 16.63 1056.47 26608.24 203.92 428.74 7736.74 - 4800.59 650.89 481.01 255653.71 712900.14
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Notes: 2) Sl. No. A B C Footnote: BALRAMPUR CHINI MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/ 3A , A.J.C. Bose Road, Kolkata- 700020 CIN- L15421WB1975PLC030118, Phone No. (033) 22874749, Fax No. (033) 22872887 E-mail: bcml@bcml.in Website: www.chini.com Statement of Unaudited Consolidated Cash Flows Particulars Half year ended 30-09-2025 CASH FLOW FROM OPERA TING ACTIVITIES Profit before share of profit of associate, exceptional items and tax Adjustments to reconcile profit before share of profit of associate, exceptional items and tax to net cash flow provided by operating activities: Finance costs Depreciation and amortisation expense Loss/ (Profit) on sale/ discard of property, plant and equipment (net) and intangible assets Sundry debit balances/ advances written off Obsolete stores and spares written off Provision for obsolescence/ non-moving stores and spares (utilised)/ created Transfer to storage fund for molasses Interest income on financial asset Fair value gain on derivatives Liabilities no longer required written back (Gain) on deemed disposal of investment in an associate Share based payments to employees - equity settled Storage fund for molasses written back Unrealised loss on foreign currency translations Operating profit before working capital changes Adjustments to reconcile operating profit to cash flow provided by changes in working capital: Decrease in inventories (Increase) in biological assets Decrease in trade receivables (Increase) in other current/ non-current financial assets (Increase) in other current/non-current assets (Deposit) in/withdrawal from escrow account (Decrease) in trade payables Increase in other current financial liabilities Increase in other current liabilities (Decrease) in provisions Cash generated from operations Income tax paid (net) Net cash generated from operating activities CASH FLOW FROM INVESTING ACTlVITIES Payments to acquire property, plant and equipment (PPE), capital work-in-progress (CWIP) and intangible assets Proceeds from sale of property, plant and equipment Fixed deposits placed with banks Fixed deposits redeemed from banks Interest received on fixed deposits Net cash (used in) investing activities CASH FLOW FROM FINANCING ACTIVITIES Proceeds from issuance of equity shares on exercise of employee stock appreciation rights (ESAR) Payment to shareholders for fraction ESAR (A) (B) Share application money received on exercise of ESAR, pending for allotment Proceeds from term loans Repayment of non-current borrowings Proceeds from issue of commercial paper (net) Repayment of working capital loans (net) Interest paid Other borrowing costs Net cash (used in) financing activities (C) Net increase in cash and cash equivalents (A+B+C) Opening cash and cash equivalents Closing cash and cash equivalents for the purpose of Statement of Unaudited Consolidated Cash Flows (Unaudited) 13376.79 4789.93 8802.11 (58.07) 0.08 0.78 - 20.00 (10.87) (68.96) (58.14) - 614.21 - 0.04 27407.90 223529.38 (57.34) 4324.45 (382.75) (3459.07) (0.78) (24106.15) 1213.61 1512.70 (303.57) 229678.38 (4277.46) 225400.92 (32105.85) 102.85 (15.96) 1.65 5.74 (32011.57) 0.42 (0.06) 0.06 14000.00 (4450.00) 9952.95 (204770.48) (7408.01) (24.51) (192699.63) 689.72 35.66 725.38 (� in lakhs) Half year ended 30-09 -2024 (Unaudited) 14593.30 5606.26 8578.97 23.13 2.18 204.26 (242.51) 20.76 (9.65) - (11.51) (5660.08) 757.97 (31.40) - 23831.68 186323.38 (53.92) 9421.60 (638.99) (286.07) 3.30 (24058.92) 60.81 7.21 (409.97) 194200.11 (4444.60) 189755.51 (40314.63) 718.90 (25.84) 34.68 5.75 (39581.14) - - 0.31 400.00 (21278.40) - (119634.21) (6298.79) (72.72) (146883.81) 3290.56 31.92 3322.48 The above Statement of Unaudited Consolidated Cash Flows has been prepared under the "Indirect Method" as set out in the Indian Accounting Standard (IND AS) 7 on Statement of Cash Flows.
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BALRAMPUR CHINI MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A. J. C. Bose Road, Kolkata - 700020 CIN - L15421WB1975PLC030118, Phone No. (033) 2287 4749, Fax No. (033) 2287 2887 E-mail: bcml@bcml.in Website: www.chini.com 3. The above Statement of Unaudited Consolidated Financial Results for the quarter and six months ended 30th September 2025, along with notes thereupon, including the Statement of Unaudited Consolidated Assets and Liabilities, and the Statement of Unaudited Consolidated Cash Flows, as given in Note 1 and 2 respectively, were reviewed by the Audit Committee and thereafter, approved by the Board of Directors. The results were taken on record at their respective meetings held on 11th November, 2025. The Statutory Auditors have carried out limited review of the above financial results for the quarter and six months ended 30th September, 2025. 4. The Board of Directors have declared an interim dividend oft 3.50 (350%) per Equity Share oft 1/ each. 5(a) Pursuant to the "BCML Employees Stock Appreciation Rights Plan 2023" ("ESAR 2023" / "Plan"), and BCML Restricted Stock Unit Scheme 2025" ("RSU 2025" / "Scheme"), rights/ units have been granted to eligible employees entitling them to subscribe to the Company's equity shares, on or after the respective vesting dates, in accordance with the terms and conditions of the Plan/ Scheme. During the current quarter, 41587 equity shares of par value t 1/- each have been allotted on 12th August, 2025 (which was approved by the Board of Directors at their meeting held on 12th August, 2025) to the eligible employees of the Company pursuant to exercise of 112742 ESARs, as per the Plan. The corresponding effect thereof has been included in Equity share capital and Other equity as of 30th September 2025. Moreover, an amount oft 0.06 lakhs received upon exercise of 18860 ESARs have been accounted for as share application money pending allotment. Consequential effect in the equity of the Company shall be given effect to upon allotment of equity shares. During the current quarter, 144182 ESARs have been granted to the eligible employees under the Plan. The ESARs outstanding as on 30th September 2025 is 2859769. During the quarter and six months ended 30th September 2025, 101161 RSUs and 1118513 RSUs have been granted respectively, to the eligible employees under the Scheme. The RSUs outstanding as on 30th September 2025 is 1118513. In accordance with Ind AS 102 - Share-based Payment, the ESARs and RSUs granted have been fair-valued by an independent valuer on their respective grant dates. The impact of the amortised cost over the vesting period has been given effect to and recognised in the respective period. 5(b) The Uttar Pradesh Electricity Regulatory Commission ("UPERC"), vide Notification No. UPERC/Secretary/CRE Regulations/2024/014, dated 17th October 2025, issued the Uttar Pradesh Electricity Regulatory Commission (Captive and Renewable Energy Generating Plants) Regulations, 2024 revising the power tariff rates retrospectively w.e.f. 1st April, 2024. Accordingly, revenue arising on account of the revision in tariff amounting to t 1770.22 lakhs for the period from 1st April, 2024 to 30th June, 2025 has been accounted for during the current quarter and included under "Revenue from operations" in these financial results.
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BALRAMPUR CHIN! MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A. J. C. Bose Road, Kolkata - 700020 CIN - L15421WB1975PLC030118, Phone No. (033) 2287 4749, Fax No. (033) 2287 2887 E-mail: bcml@bcml.in Website: www.chini.com 6(a) The consolidated financial results include the results of the Company and proportionate share of net profit after tax, other comprehensive income (net) and total comprehensive income of its associate, Auxilo Finserve Private Limited (" AFPL"). 6(b) During the corresponding quarter and six months ended 30th September 2024, and the year ended 31st March 2025, AFPL allotted Compulsorily Convertible Preference Shares (CCPS) and equity shares. Additionally, during the above period, AFPL allotted equity shares to employees who had exercised their options in accordance with its Employee Stock Option Scheme. The consequent increase in the proportionate net asset value of the Company's shareholding in AFPL amounting tot 5660.08 lakhs for the quarter and six months ended 30th September 2024, and t 5665.65 lakhs for the year ended 31st March 2025, were recognised in "Other income" in accordance with the equity method of accounting prescribed under Ind AS 28 - Investments in Associates and Joint Ventures. 7. The details of commercial paper outstanding as on 30th September 2025 and listed on the BSE Ltd., including additional information pursuant to Regulation 52(4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) ("additional information") are as follows: (a) Description of commercial papers: Amount ISIN outstanding (tin lakhs) INE119A14872 10000.00 (b) Additional information (as applicable): Due date of Date of Credit rating repayment repayment 30/10/2025 30/10/2025 CRISIL Al+, IND Al+ Particulars 3 months Preceding 3 Corresponding 6 months Corresponding ended months 3 months ended 6 months ended Year ended 30-09-2025 ended ended 30-09-2025 30-09-2024 in 31-03-2025 30-06-2025 30-09-2024 in the Previous the Previous year year Unaudited) (Unaudited (Unaudited) (Unaudited Unaudited Audited Debt-equity ratio (in times 0.17 0.16 0.07 0.17 0.07 0.15 Debt service coverage ratio in times 1.09 1.05 1.03 1.76 1.72 3.85 Interest service coverage ratio in times 8.46 3.99 2.45 5.32 3.84 7.54 Outstanding redeemable preference shares (Quantity and Value - Quantity (in numbers) - Value (� in lakhs)
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BALRAMPUR CHINI MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A. J. C. Bose Road, Kolkata - 700020 CIN - L15421WB1975PLC030118, Phone No. (033) 2287 4749, Fax No. (033) 2287 2887 E-mail: bcml@bcml.in Website: www.chini.com Particulars 3 months Preceding 3 Corresponding ended months 3 months 30-09-2025 ended ended 30-06-2025 30-09-2024 in the Previous year (Unaudited) (Unaudited) (Unaudited) Capital redemption reserve (tin lakhs) 3086.99 3086.99 3086.99 Debenture redemption reserve (� in lakhs) - - - Net worth (tin lakhs) 386575.97 379925.94 349639.64 Net profit after tax (t in 5389.17 5157.30 6717.55 lakhs) Earnings per share (t per equity share) - Basic earnings per 2.67 2.55 3.33 share - Diluted earnings per 2.65 2.53 3.31 share Current ratio (in times) 2.65 1.42 1.80 Long-term debt to working capital (in 1.00 0.82 0.49 times) Bad debts to account - - -receivable ratio Current liability ratio (in 0.32 0.68 0.62 times) Total debts to total 0.15 assets (in times) 0.33 0.13 Debtors turnover ratio 16.76 (in times) 15.82 41.40 Inventory turnover ratio 1.10 0.58 0.85 (in times) Operating margin(%) 7.21% 8.70% 3.78% Net profit margin (%) 3.23% 3.34% 5.18% Formulae used for computation of ratios: Particulars Numerator Debt-equity ratio Long-term borrowings (+) Current maturities of long-term debt ( +) Deferred income (+) Lease liabilities Debt service Profit for the period/ year [i.e. Profit after tax] 6 months Corresponding ended 6 months ended 30-09-2025 (Unaudited) 3086.99 - 386575.97 10546.47 5.22 5.19 2.65 1.00 - 0.32 0.15 32.22 1.61 7.93% 3.28% Denominator Equity computed as: 30-09-2024 in the Previous year (Unaudited) 3086.99 - 349639.64 13732.86 6.81 6.77 1.80 0.49 - 0.62 0.13 86.74 1.40 7.91% 5.05% Share capital(+) Other equity Finance costs (+) Current lease liabilities Year ended 31-03-2025 (Audited) 3086.99 - 374239.56 43692.12 21.65 21.57 1.29 0.78 - 0.77 0.37 37.88 1.81 13.00% 8.07% coverage �=� (+) Depreciation and amortisation expense ( +) Current maturities of long-term debt
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BALRAMPUR CHIN! MILLS LIMITED Regd. Office: FMC Fortuna, 2nd floor, 234/3A, A. J.C. Bose Road, Kolkata - 700020 CIN - L15421WB1975PLC030118, Phone No. (033) 2287 4749, Fax No. (033) 2287 2887 E-mail: bcml@bcml.in Website: www.chini.com Particulars Numerator Denominator Interest service EBITDA computed as: Finance costs coverage ratio Profit before tax (-) Share of Profit of associate (-) Other income (+) Finance costs (+) Depreciation and amortisation expense Basic earnings per Profit for the period/ year [i.e. Profit after tax] Weighted average number of equity shares share outstanding for computing basic earnings per share Diluted earnings Profit for the period/ year [i.e. Profit after tax] Weighted average number of equity shares per share outstanding for computing diluted earnings per share Current ratio Current assets Current liabilities Long-term debt to Long-term borrowings Current assets working capital (+) Current maturities of long-term debt (-) Current liabilities (+) Deferred income(+) Lease liabilities Current liability Current liabilities Total liabilities ratio Total debts to total Long-term borrowings Total assets assets ( +) Deferred income (+) Lease liabilities (+) Short-term borrowings (including current maturities of long-term debt) Debtors turnover Revenue from operations Closing trade receivables ratio Inventory turnover Revenue from operations Average inventory ratio Operating margin EBITDA Revenue from operations Net profit margin Profit for the period/ year [i.e. Profit after tax] Revenue from operations 8. Sugar being a seasonal industry, the performance of the Company varies from quarter to quarter and financial results for the quarter as such are not representative of the annual performance of the Company. 9. The previous periods'/ year's figures have been regrouped and rearranged wherever necessary to make them comparable with those of the current periods' figures. Place of Signature: Kolkata Date: 11th November, 2025 For and on behalf of the Board of Directors of Balrampur Chini Mills Limited ��:rn� p Chairman and Managing ohector
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Annexure – B Disclosures pursuant to Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Sl. No. Particulars Details 1. Company name and address of Registered Office Balrampur Chini Mills Limited FMC Fortuna, 234/3A, A.J.C. Bose Road, 2nd Floor, Kolkata – 700020, West Bengal 2. Name of the Stock Exchanges on which the company’s shares are listed BSE Limited (BSE) National Stock Exchange of India Limited (NSE) 3. Filing date of the statement referred in regulation 10(b) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 with Stock Exchange BSE: 29th April, 2023 NSE: 29th April, 2023 4. Filing Number, if any BSE: DCS/IPO/TL/ESOP- IP/2757/2023-24 dated 10th May, 2023 NSE: NSE/LIST/35414 dated 10th May, 2023 5. Title of the Scheme pursuant to which shares are issued, if any “BCML Employees Stock Appreciation Rights Plan 2023” (“ESAR 2023”/ “Plan”) 6. Kind of security to be listed Equity Shares 7. Par value of the shares ₹1/- 8. Date of issue of shares 11th November, 2025 9. Number of shares issued 6,478 10. Share Certificate No., if applicable Not Applicable 11. Distinctive number of the share, if applicable 26,06,43,176 to 26,06,49,653 (both inclusive) 12. ISIN Number of the shares if issued in Demat INE119A01028
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13. Exercise price per share ₹386.60 14. Premium per share - 15. Total issued shares after this issue 20,19,50,436 16. Total issued share capital after this issue 20,19,50,436 17. Details of any lock-in on the shares Not Applicable 18. Date of expiry of lock-in Not Applicable 19. Whether shares identical in all respects to existing shares if not, when will they become identical? Yes, the shares rank pari passu with the existing shares 20. Details of listing fees, if payable Not Applicable