🔍

BURNPUR - Burnpur Cement

📊 NSE: BURNPUR 🏢 Cement - North India 📅 Last Updated: 12/13/2025 20:02

📢 Recent Corporate Announcements

Burnpur Cement Reports Zero Revenue and Rs 20.13 Cr Net Loss in Q3 FY26; Not a Going Concern

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 19 Jan 2026, 07:23 PM

Burnpur Cement reported zero revenue for the quarter ended December 31, 2025, as the company has no functional production units following the sale of its Patratu assets to UltraTech Cement. The company posted a net loss of Rs 20.13 crore, which was almost entirely driven by finance costs of Rs 19.61 crore. Crucially, both the management and statutory auditors have explicitly stated that the company is no longer a 'going concern.' The company is currently exploring potential mergers or strategic transactions to revive its status, but it currently lacks any operational income.

Reported zero revenue from operations for the quarter ended December 31, 2025.
Net loss for the quarter stood at Rs 20.13 crore, primarily due to finance costs of Rs 19.61 crore.
Auditors highlighted that the company is not a 'Going Concern' as it has no functional production units.
Share capital was reduced from Rs 86.12 crore to Rs 17.22 crore following an NCLT order effective January 2025.
Idle cash of Rs 22.90 lakhs has remained unused at the Asansol unit for more than three years.

💡 Investors should exercise extreme caution as the company has no operations and is officially classified as not a going concern. The lack of revenue and heavy finance costs make this a high-risk situation with little immediate fundamental value.

Burnpur Cement Board Approves Reclassification of Two Promoters with 0% Stake to Public Category

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 19 Jan 2026, 07:21 PM

The Board of Burnpur Cement has approved the reclassification of Shehul Sandip Parikh and Rakhi Parikh from the 'Promoter' to the 'Public' category. Both outgoing promoters currently hold zero shares and zero percent voting rights in the company. Since their combined holding is less than 1%, shareholder approval is not required for this transition under SEBI regulations. The company will now proceed to obtain the necessary no-objection certificates from the BSE and NSE to finalize the process.

Board approved reclassification of Shehul Sandip Parikh and Rakhi Parikh to Public category
Both outgoing promoters hold 0 shares (0.00% equity) in the company
Shareholder approval is waived as the outgoing group holds less than 1% voting rights
The outgoing individuals do not hold any management positions or special rights in the company

💡 This is a technical administrative change with no impact on the company's fundamentals or actual shareholding distribution. No action is required from investors.

Burnpur Cement Reports Zero Revenue and Rs 20.13 Cr Net Loss in Q3 FY26; Not a Going Concern

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 19 Jan 2026, 07:16 PM

Burnpur Cement reported zero revenue from operations for the quarter ended December 31, 2025, as the company currently has no functional production units. The net loss for the quarter widened to Rs 20.13 crore, primarily driven by high finance costs of Rs 19.61 crore. Both management and statutory auditors have explicitly stated that the company is no longer a "going concern" following the sale of its Patratu assets to UltraTech Cement. Furthermore, the company has implemented a significant capital reduction, decreasing its paid-up equity share capital from Rs 86.12 crore to Rs 17.22 crore.

Revenue from operations remained at zero for Q3 FY26 due to the lack of operational units.
Net loss for the quarter stood at Rs 20.13 crore, compared to a loss of Rs 17.39 crore in the previous year's corresponding quarter.
Finance costs of Rs 19.61 crore accounted for nearly 97% of the total quarterly expenses.
Auditors issued an 'Emphasis of Matter' stating the company is not a going concern and has discontinued operations entirely.
Paid-up equity share capital was reduced by 80% to Rs 17.22 crore following an NCLT order dated October 30, 2024.

💡 Investors should exercise extreme caution as the company has no active business operations, zero revenue, and has lost its 'going concern' status. The stock represents a high-risk situation with significant uncertainty regarding any future recovery or strategic merger.

Burnpur Cement Reports Zero Revenue and Rs 20.13 Cr Net Loss in Q3 FY26; Not a Going Concern

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 19 Jan 2026, 07:14 PM

Burnpur Cement reported zero revenue for the quarter ended December 31, 2025, as its primary operational assets were sold to UltraTech Cement in late 2023. The company posted a net loss of Rs 20.13 crore for the quarter, largely due to finance costs amounting to Rs 19.61 crore. Both management and statutory auditors have explicitly stated that the company is no longer a 'Going Concern' as it lacks any functional production units. Additionally, the company's equity capital has been significantly reduced from Rs 86.12 crore to Rs 17.22 crore following an NCLT order.

Revenue from operations remained at zero for the quarter ended December 31, 2025.
Net loss widened to Rs 20.13 crore in Q3 FY26 compared to a loss of Rs 17.39 crore in Q3 FY25.
Finance costs of Rs 19.61 crore represent nearly the entire expenditure for the quarter.
Statutory auditors issued an 'Emphasis of Matter' stating the company is not a 'Going Concern'.
Paid-up equity share capital was reduced to Rs 17.22 crore from Rs 86.12 crore following NCLT and ROC registration.

💡 Investors should exercise extreme caution as the company has no operational business and is not a going concern. The significant debt and lack of production units make this a high-risk situation with potential for total capital loss.

Burnpur Cement Submits SEBI Compliance Certificate for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 01:46 PM

Burnpur Cement Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, provided by Niche Technologies Private Limited, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed correctly. It ensures that physical certificates were cancelled and the depository's name was updated in the company's records. This filing is a standard procedural requirement for listed companies in India to maintain shareholding transparency.

Submission of Regulation 74(5) certificate for the quarter ended December 31, 2025
Confirmation from RTA Niche Technologies Private Limited regarding demat requests
Verification that securities are listed on the NSE and BSE stock exchanges
Confirmation of mutilation and cancellation of physical share certificates

💡 This is a routine administrative update with no impact on the company's valuation or operations. Investors should monitor the company's upcoming financial earnings report for actual performance data.

Burnpur Cement Re-appoints Rashmi Goyal as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Jan 2026, 05:44 PM

Burnpur Cement Limited has announced the re-appointment of Mrs. Rashmi Goyal as an Independent Director for a five-year term, effective from October 9, 2025. This appointment was approved by UV Asset Reconstruction Company Limited (ARC), which currently manages the company under the SARFAESI Act. Mrs. Goyal is a Chartered Accountant with 13 years of experience in finance and taxation, having previously worked with PepsiCo India. This move is part of the governance structure maintained by the ARC following its takeover of the company's management.

Mrs. Rashmi Goyal re-appointed as Independent Director for a 5-year term starting October 9, 2025
Appointment sanctioned by UV Asset Reconstruction Company Limited (ARC) under SARFAESI Act 2002
Mrs. Goyal brings 13 years of professional experience in finance and taxation as a Chartered Accountant
Company remains under the management control of UV ARC following debt restructuring processes

💡 Investors should remain cautious as the company is under the management of an Asset Reconstruction Company, indicating significant past financial stress. Monitor the ARC's ability to improve operational efficiency and the company's progress toward financial stability.

Burnpur Cement Re-appoints Rashmi Goyal as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Jan 2026, 05:40 PM

Burnpur Cement Limited has announced the re-appointment of Mrs. Rashmi Goyal as an Independent Director for a five-year term effective from October 9, 2025. This appointment was approved by UV Asset Reconstruction Company Limited (ARC), which currently manages the company under the SARFAESI Act. Mrs. Goyal is a Chartered Accountant with 13 years of experience in finance and taxation, previously associated with PepsiCo India. The move ensures board continuity as the company remains under the management of the ARC for debt-related restructuring.

Mrs. Rashmi Goyal re-appointed as Independent Director for a consecutive period of 5 years starting October 9, 2025
Appointment approved by UV Asset Reconstruction Company Limited (ARC) under Section 9(1)(a) of the SARFAESI Act
The appointee is a practicing Chartered Accountant with 13 years of experience in finance and taxation
The company continues to be under the management control of UV ARC as part of debt recovery/restructuring processes

💡 Investors should note that the company is currently under ARC management, which indicates significant financial stress; monitor for any turnaround plans or asset liquidation updates.

Burnpur Cement Re-appoints Mrs. Rashmi Goyal as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Jan 2026, 05:38 PM

Burnpur Cement Limited, which is currently under management by UV Asset Reconstruction Company Limited (ARC) via the SARFAESI Act, has confirmed the re-appointment of Mrs. Rashmi Goyal as an Independent Director. Her tenure is set for five consecutive years, effective retrospectively from October 9, 2025. Mrs. Goyal is a Chartered Accountant with 13 years of experience in finance and taxation, including a stint at PepsiCo India. This appointment is part of the ongoing governance restructuring led by the ARC to stabilize the company.

Mrs. Rashmi Goyal re-appointed as Independent Director for a 5-year term starting October 9, 2025.
Appointment approved by UV Asset Reconstruction Company Limited (ARC) under sections of the SARFAESI Act 2002.
The director is a practicing Chartered Accountant with 13 years of experience in Finance and Taxation.
The appointee has no familial or professional relationship with existing Directors or Promoters.

💡 Investors should note that the company is under a reconstruction phase led by an ARC; while professional board appointments are positive for governance, the stock remains a high-risk turnaround play.

Burnpur Cement to Close Trading Window from Jan 1, 2026, for Q3 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Dec 2025, 08:53 PM

Burnpur Cement Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of the company's un-audited financial results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the financial results are officially declared to the stock exchanges. This is a standard regulatory procedure to prevent insider trading during the period when sensitive financial information is being finalized.

Trading window closure starts from January 1, 2026.
Closure is related to the un-audited financial results for the quarter ended December 31, 2025.
Restriction applies to all Designated Persons and their immediate relatives.
The window will reopen 48 hours after the official declaration of results to BSE and NSE.

💡 No action is required as this is a routine regulatory filing. Investors should await the announcement of the Q3 financial results to assess the company's performance.

View All BURNPUR Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company reported 0% revenue for the quarter ended September 30, 2025, as all revenue-generating assets and plants were sold. Historically, the company operated in a single segment (Cement).

Geographic Revenue Split

Not disclosed in available documents as the company currently has no operational revenue; however, future expansion is targeted at Jharkhand and West Bengal.

Profitability Margins

Net profit margin for FY 2023-24 was -0.74%, representing a negative change of 53% compared to -0.48% in the previous financial year. The decline is attributed to finance costs of INR 73.04 Cr and a loss on asset sales of INR 26.13 Cr.

EBITDA Margin

EBIT was negative INR 28.12 Cr for FY 2023-24, primarily due to a loss of INR 26.13 Cr from the sale of entire movable and immovable assets. Return on capital employed was -0.066 times, a negative change of 2012% from -0.003 times YoY.

Capital Expenditure

The company sold its entire property, plant, and equipment, which stood at a book value of INR 0.15 Cr as of September 30, 2025, down from INR 0.17 Cr in March 2025. No specific INR value for planned CAPEX is disclosed, though revival plans are mentioned.

Credit Rating & Borrowing

Total borrowings stood at INR 522.13 Cr as of September 30, 2025, an increase of 7.9% from INR 483.82 Cr as of March 31, 2025. Finance costs charged on a cumulative basis for FY 2023-24 were INR 73.04 Cr.

⚙️ Operational Drivers

Raw Materials

Limestone and clinker (standard for cement), but currently represent 0% of costs as manufacturing has ceased following the sale of all plants.

Import Sources

Not disclosed in available documents as operations are currently suspended.

Capacity Expansion

Current installed capacity is 0 MTPA as all plants have been sold. The company is exploring avenues to acquire new plants in Jharkhand, West Bengal, and Asansol to revive production.

Raw Material Costs

Raw material costs are currently 0% of revenue due to the cessation of manufacturing operations.

Manufacturing Efficiency

Capacity utilization is 0% as of September 30, 2025, due to the sale of all production facilities.

Logistics & Distribution

Distribution costs are 0% of revenue as there are no products to distribute.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company intends to achieve growth by acquiring new cement plants in Jharkhand, West Bengal, and Asansol. This strategy aims to revive production after the total sale of previous assets by lenders (UVARCL) under the SARFAESI Act.

Products & Services

Cement bags (historically), though no products are currently being manufactured or sold.

Brand Portfolio

Burnpur Cement.

Market Expansion

Targeting the states of Jharkhand and West Bengal for new plant locations to re-enter the regional cement market.

Market Share & Ranking

Not disclosed; currently negligible due to lack of production.

Strategic Alliances

The company is under the influence of UV Asset Reconstruction Company Limited (UVARCL), which exercised powers under the SARFAESI Act to sell company assets.

🌍 External Factors

Industry Trends

The Indian cement industry is expected to grow due to its role in building 'New India.' Demand is projected to outpace capacity additions, providing an opportunity for revival if the company can secure new assets.

Competitive Landscape

The industry is highly competitive with significant capacity additions announced by major players, making re-entry challenging for a company with a negative net worth.

Competitive Moat

The company currently lacks a sustainable moat as it has no operational assets; any future moat would depend on cost leadership or regional brand strength in West Bengal/Jharkhand.

Macro Economic Sensitivity

Highly sensitive to infrastructure spending and construction demand in Eastern India, which is projected to grow faster than announced capacity additions.

Consumer Behavior

Shift toward branded cement and infrastructure-grade products in the Eastern Indian market.

⚖️ Regulatory & Governance

Industry Regulations

The company is subject to the SARFAESI Act, 2002, under which lenders have seized and sold assets. It also faces regulatory oversight regarding director appointments and age limits.

Taxation Policy Impact

The company has deferred tax assets of INR 0.036 Cr (INR 3.64 Lakhs) as of September 30, 2025.

Legal Contingencies

The company is filing an appeal before the Securities Appellate Tribunal (SAT) against fines levied by NSE and BSE for non-compliance with Regulation 17(1A) of SEBI LODR regarding the continuation of a director (Mrs. Poonam Srivastava) beyond 75 years of age without a special resolution.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the ability of the company to acquire new plants and restart operations given a negative equity of INR 532.77 Cr. Potential impact is a 100% risk of business failure.