Balrampur Chini Mills Hosts Conference Call on PLA Project and Capital Initiatives

Balrampur Chini Mills has approved the establishment of a Lactogypsum Processing Plant at Kumbhi, Uttar Pradesh, with an estimated investment of up to ₹160 crores. The company has also approved a preferential issue of equity shares worth ₹450 crores to support its expanding capital expenditure plans and strategic initiatives.

Conference Call on Strategic Initiatives

The company conducted a conference call on April 28, 2026, focusing on "PLA Project Update and Capital Raising Initiatives." The audio recording of this investor communication has been made available on the company's website at https://chini.com/investors/concall-transcript/ as per regulatory disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Details: Information Date: April 28, 2026 Topic: PLA Project Update and Capital Raising Recording Available: Company website Regulatory Compliance: SEBI Regulation 30

Lactogypsum Processing Plant Development

The proposed facility will manufacture gypsum boards using lactogypsum, a by-product of the company's upcoming Polylactic Acid (PLA) project. The plant is expected to have a production capacity of approximately 76 lakh gypsum boards per annum, with commercial production expected to commence by December 2027.

Plant Specifications: Details Investment: Up to ₹160 crores Location: Kumbhi, Uttar Pradesh Capacity: 76 lakh gypsum boards per annum Commercial Production: December 2027 Raw Material: Lactogypsum from PLA operations

Ms. Avantika Saraogi, Executive Director at BCML, stated that the proposed fund raise aims to support the company's next phase of expansion and enable investments in strategic initiatives such as the upcoming gypsum processing plant at Kumbhi.

Comprehensive Funding Strategy

The board has approved a preferential issue of equity shares aggregating to approximately ₹450 crores, subject to shareholders approval. The capital infusion is aimed at strengthening the company's balance sheet and supporting upcoming expansion initiatives, with promoters participating at approximately 43 percent.

Funding Components: Amount (₹ crores) Preferential Share Issue: 450 NCD Issue Approval: 200 Total Funding Capacity: 650 Promoter Participation: 43%

Additionally, the board has authorized the issuance of Non-Convertible Debentures (NCDs) up to ₹200 crores in one or more tranches, further enhancing financial flexibility for future growth opportunities.

Revised PLA Project Capital Expenditure

The company has revised the capital expenditure for its Polylactic Acid (PLA) project to approximately ₹3,080 crores, reflecting updated project requirements and cost escalations from the original ₹2,850 crores.

Project Details: Specifications Revised Project Capex: ₹3,080 crores Original Project Capex: ₹2,850 crores Cost Escalation: ₹230 crores Project Capacity: 80,000 tonnes per annum

Mr. Vivek Saraogi, Chairman & Managing Director, BCML, emphasized that the company continues to take a calibrated approach towards growth, with a clear focus on strengthening its integrated business model. He noted that the continued participation from promoters in the proposed fund raise reflects their commitment to these initiatives and confidence in the long-term value creation potential of the business.

Balrampur Chini Mills Limited has informed the National Stock Exchange of India Limited and BSE Limited about its Extra-Ordinary General Meeting (EGM) scheduled to be held on Wednesday, 20th May 2026 at 4:00 P.M. through Video Conferencing and Other Audio-Visual Means. The company has published newspaper advertisements dated 27th April 2026 in Business Standard (National Daily) and Arthik Lipi (Regional Daily) on 28th April 2026 in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The EGM will be conducted without physical presence of members at a common venue, in accordance with various MCA and SEBI circulars permitting companies to hold meetings through VC/OAVM. The detailed procedure for participating in the meeting is available on the company's website at www.chini.com . The notice of the meeting setting out the Special Business to be transacted was dispatched electronically to members on 27th April 2026.

E-Voting Schedule and Key Dates

The company has appointed CS Mohan Ram Goenka, Partner of M/s. MR & Associates, as Scrutinizer to oversee the remote e-voting and e-voting process. Shareholders are advised to note the following key dates and timelines:

Event Date and Time Cut-off Date for Shareholder Eligibility Tuesday, 12th May 2026 Remote E-Voting Commences Sunday, 17th May 2026 (9:00 A.M. IST) Remote E-Voting Ends Tuesday, 19th May 2026 (5:00 P.M. IST) Speaker Registration Period Sunday, 17th May 2026 (11:00 A.M. IST) to Monday, 18th May 2026 (5:00 P.M. IST) EGM Date Wednesday, 20th May 2026 (4:00 P.M. IST)

Voting rights of shareholders shall be proportionate to their share in the paid-up Equity Share Capital of the company as on the cut-off date. Shareholders who cast their vote through remote e-voting prior to the EGM may attend the meeting but will not be entitled to vote again. Once a vote is cast on a resolution, it cannot be changed subsequently.

Shareholder Communication and Registration

The notice of the EGM and related documents are available on the company's website at www.chini.com and on KFin Technologies Limited's website at https://evoting.kfintech.com/ . Shareholders holding shares in physical mode who have not updated their email addresses are requested to write to the company's RTA at einward.ris@kfintech.com or to the company at secretarial@bcml.in . Shareholders holding shares in dematerialised mode should update their email addresses with their Depository Participant(s).

Shareholders who wish to speak or express their views during the EGM may register as Speakers at https://emeetings.kfintech.com during the specified registration period. The results of the remote e-voting and votes cast at the EGM will be declared not later than two working days from the conclusion of the meeting and will be available on the company's website and communicated to the stock exchanges. For queries, shareholders may contact the toll-free number 1800-309-4001 or email evoting@kfintech.com .

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