Board of Director at its Meeting held today has considered and approved the Audited Financial Results for the year ended on 31.03.2025.
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Agio Paper & Industries reported zero revenue from operations for FY25, with total income of just Rs 0.48 lakh (entirely from other income), against Rs 31.82 lakh in FY24. The company posted a net loss of Rs 157.78 lakh for the year, wider than the Rs 108.05 lakh loss in FY24. Q4 FY25 alone saw a loss of Rs 38.81 lakh on Rs 0.25 lakh total income. No dividend was declared. The auditor flagged a 'material uncertainty' on the company's ability to continue as a going concern, noting that the Bilaspur paper factory has been shut since October 2010 over pollution issues and the company has disposed of its plant and machinery and much of its capital work-in-progress. Other equity is deeply negative at Rs (1,469.11) lakh, while total borrowings stand at about Rs 1,515 lakh against total equity of only Rs 143.63 lakh. The board also appointed a new internal auditor for FY26.
This is a deeply distressed micro-cap stock — operations have been suspended for over 14 years, losses are widening, equity is eroded, and the auditor has explicitly raised a going-concern doubt. The going-concern status depends entirely on continued financial support from the promoter group. Shareholders face significant risk; the stock is highly speculative and trading is likely to remain illiquid and volatile.