Burnpur Cement Limited - manufacturing in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L27104WB1986PLC040831 Incorporated 19 June 1986 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - NSE: BURNPUR · BSE: 532931 Public Limited Company manufacturing
Data last updated
Market Cap
₹19.64 Cr
BURNPUR · NSE
Share Price
₹11.35
-0.44% today
Revenue
₹82.32 Cr
FY 2014-15 · -11.8% YoY
EBITDA
₹6.93 Cr
Margin 8.4%
Net Profit
₹1.18 Cr
FY 2014-15 · -56.5% YoY
P/E (TTM)
113.0x
P/B 1.2x
ROE
1.1%
ROCE 2.5%
Debt / Equity
1.46
Interest cover 84.2x

About Burnpur Cement Limited

Data last updated:

Burnpur Cement Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 19 June 1986 and has been in existence for over 40 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L27104WB1986PLC040831. Its GSTIN is 20AACCA1999B2Z5 (Jharkhand). The company holds 4 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 532931 and NSE: BURNPUR.

The company has an authorised share capital of ₹103 Cr and a paid-up capital of ₹17.22 Cr. It was formerly known as Ashoka Concrete & Allied Industries P Ltd. It is led by directors including Ritesh Aggarwal and Pawan Pareek.

Its last annual general meeting (AGM) was held on 05 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 7/1 Anandilal Poddar Sarani (Russel Street) 5th Floor Flat No 5B, Kanchana Building Kolkata 700071 West Bengal, West Bengal, India – 700071.

The company has about 57 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Burnpur Cement. As per MCA filings, the company has open charges of ₹841.13 Cr and satisfied charges of ₹135.87 Cr on record. Court records list 62 cases involving the company, including 34 filed by the company and 28 filed against it; 15 cases are pending. The company has 112 deals on record (111 market trades, 1 ipo); the latest was in August 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website burnpurcement.com.

Company details

CIN L27104WB1986PLC040831
Registration Number 040831
Incorporation Date 19 June 1986
ROC Kolkata
Listing Status Listed - Listed on NSE (BURNPUR); Listed on BSE (532931)
Company Status Active
Date of Last AGM 05 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Burnpur Cement has one previous CIN (Corporate Identification Number): U27104WB1986PLC040831. The current CIN is L27104WB1986PLC040831, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27104WB1986PLC040831Current
U27104WB1986PLC040831Previous

Contact details

Burnpur Cement Limited's registered office is in Kolkata, West Bengal. Its website is burnpurcement.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    7/1 Anandilal Poddar Sarani (Russel Street) 5th Floor Flat No 5B, Kanchana Building Kolkata 700071 West Bengal, West Bengal, India – 700071
  • Industry
    Manufacturing, Cement & Cement Products

To see the full contact details of Burnpur Cement Limited, buy the company report.

Comprehensive company report
Burnpur Cement Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Burnpur Cement operates one associated brand: Burnpur Cement. Each brand links to its own profile.

BrandDescriptionWebsite
Cement and related products are manufactured in India.burnpurcement.com

Business activity

The main business activity of Burnpur Cement is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Burnpur Cement Limited, buy the company report.

Financials of Burnpur Cement Limited

FY 2025-26 filings available

Burnpur Cement Limited reported revenue of ₹- for FY 2025-26.

Financial Highlights

FY 2014-15 · Consolidated
Revenue
₹82.32 Cr
-11.8% YoY
EBITDA
₹6.93 Cr
-20.2% YoY
Profit After Tax
₹1.18 Cr
-56.5% YoY
Net Worth
₹112 Cr
+7.0% YoY
Total Assets
₹285 Cr
+20.7% YoY
Total Debt
₹172 Cr
+31.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2014-15FY 2013-14FY 2012-13FY 2011-12FY 2008-09
Income statement
Revenue82.3293.3683.7646.2419.47
Revenue growth-11.8%+11.5%+81.1%--
EBITDA6.938.688.353.430.90
EBITDA margin+8.4%+9.3%+10.0%+7.4%+4.6%
Profit before tax1.743.794.741.52(0.31)
Net profit1.182.713.171.02(0.21)
Net profit margin+1.4%+2.9%+3.8%+2.2%-1.1%
EPS (₹)0.140.420.500.170.00
Balance sheet
Total assets28523616111882.44
Net worth11210593.7486.3661.33
Total debt17213066.5631.3321.11
Cash & bank9.8010.506.574.721.30
Net working capital53.8837.6028.1630.0549.26
Cash flow
Cash from operations16.7033.30(5.86)-(7.75)
Cash from investing(63.40)(92.74)(33.12)-9.09
Cash from financing46.0063.3740.70-(2.44)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue0.000.0013414615112477.55
Revenue growth--100.0%-8.1%-3.3%+22.2%+59.6%-
EBITDA(2.17)(2.10)(21.00)6.26(31.55)(12.14)(70.81)
EBITDA margin---15.6%+4.3%-20.9%-9.8%-91.3%
Profit before tax(79.24)(66.61)(101)(70.26)(57.81)(77.44)(129)
Net profit(79.23)(42.46)(72.98)(76.51)(58.98)(68.11)(56.61)
Net profit margin---54.3%-52.3%-39.0%-55.1%-73.0%
EPS (₹)(46.00)(24.65)(11.51)(8.22)(6.85)(9.20)(15.18)
Balance sheet
Total assets(10.32)(10.30)(35.15)166180203233
Net worth(574)(494)(452)(353)(282)(223)(144)
Total debt563484416517461425375
Cash & bank0.780.871.082.421.611.461.39
Net working capital(11.05)(11.06)(11.85)(13.13)(16.00)(18.27)(13.94)
Cash flow
Cash from operations(2.22)(2.34)6.6523.846.724.986.36
Cash from investing0.00(0.01)(0.25)11.06(0.30)1.02(8.05)
Cash from financing2.132.14(7.74)(34.09)(6.26)(5.93)(1.77)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.000.000.000.000.000.000.000.00
Other income0.000.000.000.000.001.650.000.00
Total expenses0.410.370.510.510.790.590.460.49
EBITDA(0.41)(0.37)(0.51)(0.51)(0.79)(0.59)(0.46)(0.49)
Depreciation0.010.010.010.010.010.010.010.01
Interest21.1520.3719.6118.8818.1717.4916.9216.15
Profit before tax(21.57)(20.75)(20.13)(19.40)(18.97)(16.44)(17.39)(16.65)
Tax0.000.000.000.000.00(24.11)0.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsFY 2014-15FY 2013-14FY 2012-13FY 2011-12FY 2008-09
Revenue82.3293.3683.7646.2419.47
Revenue growth-11.8%+11.5%+81.1%--
Other income0.890.330.231.011.17
Total expenses75.3984.6875.4142.8118.57
Employee cost2.752.992.321.680.73
EBITDA6.938.688.353.430.90
EBITDA margin+8.4%+9.3%+10.0%+7.4%+4.6%
Depreciation1.541.251.290.730.73
Interest4.543.972.552.191.65
Profit before tax1.743.794.741.52(0.31)
Tax0.561.081.570.50(0.11)
Net profit1.182.713.171.02(0.21)
Net profit margin+1.4%+2.9%+3.8%+2.2%-1.1%
EPS (₹)0.140.420.500.170.00
ParticularsFY 2014-15FY 2013-14FY 2012-13FY 2011-12FY 2008-09
Equity & liabilities
Share capital82.5565.1463.0060.1043.00
Reserves & surplus29.6828.5026.1622.7818.33
Shareholders' funds (net worth)11210593.7486.3661.33
Minority interest0.000.000.000.000.00
Secured loans0.000.000.000.0020.68
Unsecured loans17213066.5631.330.43
Total debt17213066.5631.3321.11
Total liabilities28523616111882.44
Assets
Gross block36.1836.2526.0722.6321.39
Net block36.1836.2526.0722.6314.88
Capital work in progress19513352.0527.4917.25
Investments0.010.010.010.001.83
Inventories20.3425.1415.978.911.77
Sundry debtors35.2717.2218.1219.5217.04
Cash & bank balances9.8010.506.574.721.30
Loans & advances25.6115.247.855.8832.24
Total current assets91.0268.1048.5139.0352.35
Total current liabilities37.1430.5020.358.983.09
Net working capital53.8837.6028.1630.0549.26
Total assets28523616111882.44
ParticularsFY 2014-15FY 2013-14FY 2012-13FY 2011-12FY 2008-09
Opening cash10.506.574.85-2.40
Net cash from operating activities16.7033.30(5.86)-(7.75)
Net cash from investing activities(63.40)(92.74)(33.12)-9.09
Net cash from financing activities46.0063.3740.70-(2.44)
Net change in cash(0.70)3.931.72-(1.10)
Closing cash9.8010.506.57-1.30
ParticularsFY 2014-15FY 2013-14FY 2012-13FY 2011-12FY 2008-09
Growth
Sales growth-11.8%+11.5%+81.1%--
EBITDA growth-20.2%+4.0%+143.4%--
PBT growth-54.1%-20.0%+211.8%+9998.0%+9997.0%
Net income growth-56.5%-14.5%+210.8%--
Revenue CAGR (3Y)+21.2%+68.6%---
EBITDA CAGR (3Y)+26.4%+112.9%---
Profitability & leverage
Net income margin+1.4%+2.9%+3.8%+2.2%-1.0%
Return on capital employed+2.5%+4.0%+5.5%+3.3%+1.8%
Return on net worth+1.1%+2.9%+3.8%+1.3%-0.4%
Debt / equity1.461.050.580.390.40
Long-term debt / equity1.260.840.380.180.40
Interest cover84.2353.4336.1281.11970.59
Efficiency & per share
Fixed asset turnover2.643.634.512.771.55
Inventory turnover3.624.546.735.1913.05
Debtors turnover3.145.284.452.371.21
EPS (₹)0.140.420.500.170.00
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)13.0013.5713.2612.8012.61
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.000.000.000.000.000.000.000.00
Other income0.000.000.000.000.001.650.000.00
Total expenses0.410.370.510.510.790.590.460.49
EBITDA(0.41)(0.37)(0.51)(0.51)(0.79)(0.59)(0.46)(0.49)
Depreciation0.010.010.010.010.010.010.010.01
Interest21.1520.3719.6118.8818.1717.4916.9216.15
Profit before tax(21.57)(20.75)(20.13)(19.40)(18.97)(16.44)(17.39)(16.65)
Tax0.000.000.000.000.00(24.11)0.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue0.000.0013414615112477.55
Revenue growth--100.0%-8.1%-3.3%+22.2%+59.6%-
Other income0.001.650.255.9348.892.241.22
Total expenses2.172.10155140183136148
Employee cost1.211.245.866.696.314.453.73
EBITDA(2.17)(2.10)(21.00)6.26(31.55)(12.14)(70.81)
EBITDA margin---15.6%+4.3%-20.9%-9.8%-91.3%
Depreciation0.040.047.3711.0611.1211.3312.15
Interest77.0366.1273.0471.3964.0356.2146.86
Profit before tax(79.24)(66.61)(101)(70.26)(57.81)(77.44)(129)
Tax(0.01)(24.15)(2.04)0.561.171.772.18
Net profit(79.23)(42.46)(72.98)(76.51)(58.98)(68.11)(56.61)
Net profit margin---54.3%-52.3%-39.0%-55.1%-73.0%
EPS (₹)(46.00)(24.65)(11.51)(8.22)(6.85)(9.20)(15.18)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.2217.2286.1286.1286.1286.1286.12
Reserves & surplus(591)(512)(538)(439)(368)(309)(230)
Shareholders' funds (net worth)(574)(494)(452)(353)(282)(223)(144)
Secured loans563484416517461403353
Unsecured loans0.000.000.000.000.0021.7921.79
Total debt563484416517461425375
Total liabilities(10.32)(10.30)(35.15)166180203233
Assets
Gross block0.470.1794.37290295296321
Net block0.130.170.20203219230253
Capital work in progress0.000.000.000.480.480.480.41
Investments0.000.000.000.000.000.000.00
Inventories0.000.000.009.059.3030.3321.78
Sundry debtors0.000.000.010.020.022.071.13
Cash & bank balances0.780.871.082.421.611.461.39
Loans & advances0.570.410.300.942.325.944.93
Total current assets1.351.281.3912.4313.2539.8029.23
Total current liabilities12.4012.3413.2425.5629.2558.0743.17
Net working capital(11.05)(11.06)(11.85)(13.13)(16.00)(18.27)(13.94)
Total assets(10.32)(10.30)(35.15)166180203233
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.871.082.421.611.461.394.85
Net cash from operating activities(2.22)(2.34)6.6523.846.724.986.36
Net cash from investing activities0.00(0.01)(0.25)11.06(0.30)1.02(8.05)
Net cash from financing activities2.132.14(7.74)(34.09)(6.26)(5.93)(1.77)
Net change in cash(0.09)(0.21)(1.34)0.800.150.07(3.46)
Closing cash0.780.871.082.421.611.461.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth--100.0%-8.1%-3.3%+22.2%+59.6%-
EBITDA growth-3.3%+90.0%-435.5%+119.8%-159.9%+82.9%-
PBT growth-19.0%+34.2%-44.0%-21.5%+25.4%+39.8%-1221.7%
Net income growth-86.6%+41.8%+4.6%-29.7%+13.4%-20.3%-
Revenue CAGR (3Y)-100.0%-100.0%+2.8%+23.5%+20.4%+43.3%+1.4%
EBITDA CAGR (3Y)--59.5%+20.0%---27.9%+40.3%
Profitability & leverage
Net income margin---73.8%-48.4%-39.0%-64.0%-168.6%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-3,485.52-3,089.72-257.46-1,487.29-150.06-239.50-56.49
Efficiency & per share
Fixed asset turnover0.000.000.710.640.670.520.32
Inventory turnover0.000.0029.7020.409.776.084.61
Debtors turnover0.000.008,958.009,358.00185.2698.9887.85
EPS (₹)(46.00)(24.65)(11.51)(8.22)(6.85)(9.20)(15.18)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(335.70)(289.71)(53.02)(40.97)(33.28)(26.44)(17.24)

To see the full year-wise statements and ratios of Burnpur Cement Limited, buy the company report.

Board of directors of Burnpur Cement Limited

Burnpur Cement has 5 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ritesh AggarwalDirector01 Oct 20197 Years 0 MonthsCurrent
Pawan PareekDirector01 Oct 20197 Years 0 MonthsCurrent
Rajesh SharmaDirector01 Oct 20197 Years 0 MonthsCurrent
Ram NarainDirector01 Oct 20197 Years 0 MonthsCurrent
Rashmi GoyalAdditional Director09 Oct 20251 Years 0 MonthsCurrent

Auditor

Burnpur Cement Limited is audited by K PANDEYA AND CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
K PANDEYA AND COFY 2023000135C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 2.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 98.00%.

Promoters: 2.00%Retail & Others: 98.00%
Sep 2026
QUARTER
2.00% Promoters
98.00% Retail & Others
Promoter holding - history
Now 2.00% · Sep 2026High 2.00% · Dec 2025Low 2.00% · Dec 2025
1%1.5%2%2.5%3%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 2.00%Mar 2026: 2.00%Jun 2026: 2.00%Sep 2026: 2.00%2.00%2.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters2.00%2.00%2.00%2.00%
Public98.00%98.00%98.00%98.00%

Charges & borrowings

Open charges
₹841.13 Cr
Satisfied charges
₹135.87 Cr
Breakdown by lending institutions
Others₹827.98 Cr
West Bengal Financial Corporation₹13.15 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
09 Aug 2024100965446Others₹7 CrOpen
12 Jun 2023100732337Others₹519.02 CrOpen
18 Dec 2020100416538Others₹28.17 CrOpen
26 Sep 201210379795Others₹224.81 CrOpen
20 Feb 201210348342Others₹25.2 CrOpen

To see the full charge records of Burnpur Cement Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Burnpur Cement Limited has 112 deals on record (111 market trades, 1 ipo); the latest was in August 2026.

Total deals
112
Market trades
111
IPO
1

Deals on record (5 of 112)

WhenDealAmountParties
Aug 2026Market trade₹12.3 LakhBuyer: Prithvi Finmart Private Limited
Seller: Prithvi Finmart Private Limited
Aug 2024Market trade₹51.1 LakhBuyer: Camellia Tradex Private Limited
Seller: Camellia Tradex Private Limited
Jul 2024Market trade₹68.4 LakhBuyer: Camellia Tradex Private Limited
Jul 2024Market trade₹72 LakhBuyer: Camellia Tradex Private Limited
Jul 2024Market trade₹44.8 LakhBuyer: Green Peaks Enterprises LLP
Seller: Green Peaks Enterprises LLP

To see the full deal history of Burnpur Cement Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Burnpur Cement Limited was last rated by Crisil on 30 Jul 2020.

Rating agencyRated onRating
Crisil30 Jul 2020

To see the full credit ratings and regulatory alerts of Burnpur Cement Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Burnpur Cement Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Burnpur Cement Limited has a workforce of 57 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.

Employee count
57
Active EPFO establishments
1
Employee growth
-20.83%

GST

Burnpur Cement has 4 GST registrations: 1 active and 3 cancelled or inactive.

Total GSTINs
4
Active
1
Cancelled / inactive
3
GSTINStateStatusRegistered on
20AACCA1999B2Z5JharkhandActive01 Jul 2017

To see the full GST registrations and return filing status of Burnpur Cement Limited, buy the company report.

Recent activity

Burnpur Cement Limited has 72 board changes on record since 1986: 39 appointments and 33 cessations. The latest: Poonam Srivastava ceased to be Director on 23 Oct 2025.

Filing
Burnpur Cement Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Charges
A charge with Others of Rs. 7.00 Cr registered on 09 Aug 2024 with Charge ID 100965446 was modified on 04 Feb 2026.
Ceased
Poonam Srivastava ceased to be Director.
Appointed
Rashmi Goyal was appointed as Additional Director.
AGM
Burnpur Cement Limited last Annual general meeting of members was held on 05 Sep 2025 as per latest MCA records.
Ceased
Parvez Hayat ceased to be Director.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100965446 was registered on 09 Aug 2024.
Charges
A charge with Others amounted to Rs. 519.02 Cr with Charge ID 100732337 was registered on 12 Jun 2023.
Charges
A charge with Others of Rs. 224.81 Cr registered on 26 Sep 2012 with Charge ID 10379795 was modified on 04 Aug 2022.
Charges
A charge registered on 16 Jun 2021 via Charge ID 100471858 with Others was fully satisfied on 19 May 2022.
Charges
A charge with Others of Rs. 25.20 Cr registered on 20 Feb 2012 with Charge ID 10348342 was modified on 01 Dec 2021.
Charges
A charge with Others of Rs. 18.70 Cr registered on 22 May 2009 with Charge ID 10166523 was modified on 01 Dec 2021.

90 earlier events are in the company report.

Frequently asked questions

Burnpur Cement is an active public limited company based in Kolkata, West Bengal, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 19 June 1986 (40+ years old) and is registered under CIN L27104WB1986PLC040831. Listed on BSE: 532931 and NSE: BURNPUR.

Burnpur Cement has 5 current directors:

The latest financial statements of Burnpur Cement on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Burnpur Cement is 20AACCA1999B2Z5, registered in Jharkhand. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.

The CIN (Corporate Identification Number) of Burnpur Cement is L27104WB1986PLC040831. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Burnpur Cement is a listed company as per MCA records. Its shares are listed on both BSE (code: 532931) and NSE (symbol: BURNPUR).

Burnpur Cement has 62 court cases on record: 34 filed by the company and 28 filed against it. 15 are pending. Most are in the district courts.

Burnpur Cement was incorporated on 19 June 1986, making it 40+ years old. It is registered with the Registrar of Companies, Kolkata.

Burnpur Cement has 112 deals on record (111 market trades, 1 ipo); the latest was in August 2026.

Poonam Srivastava ceased to be Director on 23 Oct 2025. Rashmi Goyal was appointed as Additional Director on 09 Oct 2025. Parvez Hayat ceased to be Director on 30 Sep 2024. Burnpur Cement has 72 board changes on record in total.