Auditor flags going concern doubt and qualification on employee benefits

Auditor L N Malik and Co has audited Coral Newsprints standalone results for year ended 31 March 2026. The opinion says the results show a true and fair view EXCEPT for Ind AS 19 Employee Benefits, which is a qualification. The company reported a standalone net loss. Accumulated losses have exceeded the net worth and the company may not be able to pay unsecured lenders and creditors, creating material uncertainty on going concern. An emphasis of matter section flags the ongoing N P Jalan dispute at Delhi High Court, where a 2.40 crore settlement award was given and 93 lakhs has been deposited with the registrar.