Appointment of Secretarial Auditor
Awaiting price reaction for this filing.
The board of Mysore Paper Mills Ltd approved the appointment of M/s Sharvari Kulkarni and Associates, Practicing Company Secretaries, as the Secretarial Auditor for financial year 2015-16, subject to shareholder approval. The new auditor is an Associate Member of the Institute of Company Secretaries of India with about 9 years of experience. The board also approved unaudited financial results for Q1 ended June 30, 2025, showing a loss of Rs 1,898.51 lakhs (slightly improved from Rs 2,219.41 lakhs loss in Q1 FY25). The 81st Annual General Meeting has been scheduled for November 29, 2025.
This is a routine compliance-related appointment with no direct impact on stock price. However, shareholders should note the company's continued losses and ongoing government-led process to lease out mill operations to a private entity, with mill operations already closed since October 2021.