BSEMysore Paper Mills LtdHighNeutral
Announced Tue, 30 Jun · 19:12 IST
Board approves Q4 results, appoints secretarial auditor
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Mysore Paper Mills board on June 30 approved unaudited results for Q4 and full year ending March 2016. Revenue was about 276,349 lakhs with a loss of about 7,451 lakhs. Board appointed Sharvari Kulkarni and Associates as secretarial auditor for FY 2016-17. Statutory auditors issued a disclaimer of opinion citing going concern uncertainty. Karnataka government is leasing out mill operations due to continuous losses. Filing sent directly due to BSE portal error.
Likely market impact
Company continues to report losses with going concern uncertainty. Government leasing out operations signals major restructuring ahead.