Submission of the following documents for the Quarter & Nine Months ended 31st December 2025 pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
Agio Paper & Industries has filed its unaudited Q3 FY26 results along with the auditor's limited review report. The auditor has flagged a material uncertainty about the company's ability to continue as a going concern, since the Bilaspur paper factory has been shut since October 2010 due to pollution control issues and the company has already sold off its plant & machinery and impaired 75% of its capital work-in-progress (Rs. 1,627.54 lakhs). Going concern support is based on a comfort letter from a promoter group company. The company reported a loss of about Rs. 50 lakhs in Q3 FY26 versus Rs. 38 lakhs in Q3 FY25, and Rs. 1,766 lakhs loss for the nine-month period versus Rs. 119 lakhs loss a year ago, with the sharp jump largely reflecting the one-time impairment and asset disposal.
This is a negative filing for shareholders — the auditor's going-concern warning, factory remaining shut for over 15 years, and continued losses indicate serious solvency and operational concerns. The stock is likely to react negatively, and investors should view this as a high-risk situation dependent on promoter funding and a yet-to-be-finalised alternative business plan.