Ballarpur Industries Limited pursuant to Regulation 30 read with Para-A of Part-A of Schedule-III of the SEBI Listing Regulations, the company would like to inform that BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") have levied fine of INR 235,000 each on the company under Regulation 33 of the SEBI Listing Regulations for certain non-compliance and BSE Limited has levied fine of INR 141,000 on the Company under Regulation 52 & 54 of the SEBI Listing Regulations for certain non-compliance. The company to clarify that M/s Ballarpur Industries Limited was undergoing corporate insolvency resolution process ("CIRP") under the provisions of the Insolvency and Bankruptcy Code, 2016 ("Code") by an order of Hon'ble NCLT, Mumbai Bench dated January 17, 2020 ("Admission Order"). Pursuant to the admission order, the powers of the erstwhile Board of Director of the Company were suspended and the same was vested with the Interim Resolution Professional appointed by the Hon'ble NCLT, Mumbai Bench.