Ballarpur Industries Limited announced that Monitoring Committee of the Company in its meeting held on June 12, 2023, the Members of the Monitoring Committee in accordance with the terms of the approved Resolution Plan, approved the allotment of 194 Unlisted, Unsecured Non-Convertible Debentures (NCDs) of INR 10,000,000 each at par aggregating up to INR 1,940,000,000 to the identified persons: Finquest Financial Solutions Private Limited, 99 NCDs, Amount: INR 990,000,000; Hupnos Fund Limited, 95 NCDs, Amount: 950,000,000.