The Board of Directors of the company in its meeting held on Monday, 26Th May, 2025 has considered and approved the matters which are attached herewith
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Awaiting price reaction for this filing.
Agio Paper & Industries Ltd reported audited results for FY25 (year ended March 31, 2025) showing revenue from operations at NIL compared to Rs. 30 lakh in FY24, and a net loss of Rs. 1.58 crore versus Rs. 1.08 crore in FY24, widening losses by about 46%. The statutory auditor issued an unmodified opinion but flagged an Emphasis of Matter noting that the factory has been suspended since October 2010 due to pollution control issues, substantial plant & machinery and capital work-in-progress have been disposed of, and these conditions cast significant doubt on the company's ability to continue as a going concern. The board declared NIL dividend for FY25, and appointed Dipika Naresh Dayma, Chartered Accountants, as internal auditor for FY26. The company's other equity stands at negative Rs. 14.69 crore and total borrowings are roughly Rs. 15.16 crore against total equity of just Rs. 1.44 crore, indicating a stretched debt-equity position.
This is a deeply negative filing for shareholders — the company has no operating revenue, widening losses, a formal going-concern qualification, and negative net worth components, all of which suggest serious solvency risk and could weigh heavily on the stock. The NIL dividend and ongoing factory suspension leave little near-term catalyst for recovery, though management is exploring alternative business plans backed by a promoter comfort letter.