Please find attached outcome of Board meeting held on May 22, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Agio Paper & Industries Ltd reported a massive net loss of Rs. 1,805.18 lakhs for FY2025-26, an 11x increase from the previous year's loss of Rs. 157.78 lakhs. Revenue from operations was negligible at Rs. 0.44 lakhs as the company's paper factory at Bilaspur has remained suspended since October 2010 due to pollution control issues. The company has disposed of its entire plant and machinery, and impaired 75% of its Capital Work-in-Progress (Rs. 1,627.54 lakhs). The auditor issued an unmodified opinion but included an Emphasis of Matter paragraph highlighting material uncertainty about the company's ability to continue as a going concern. Total equity has turned negative at Rs. (1,661.38) lakhs. The board declared no dividend and appointed Dipika Naresh Dayma as Internal Auditor for FY2026-27.
This is a highly distressed company with suspended operations, massive losses, and negative equity. The auditor's going concern warning is a serious red flag for shareholders. The stock is extremely high-risk given the factory closure, asset disposals, and dependence on promoter financial support for survival.