outcome of board meeting held on 21.01.2026 held at registered office of the company with limited review results for quarter ended 31st december 2025
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Awaiting price reaction for this filing.
Coral Newsprints Ltd reported zero revenue from operations for the quarter and nine months ended 31 December 2025, with only Rs 0.99 lakh and Rs 0.59 lakh of other income respectively. Total expenses stood at Rs 9.82 lakh for Q3 and Rs 16.79 lakh for nine months, resulting in a loss before tax of Rs 8.84 lakh for the quarter and Rs 16.79 lakh for nine months. The full-year FY25 loss stood at Rs 86.37 lakh, indicating deeply negative EPS of Rs -0.17 (quarter) and Rs -0.80 (nine months). The auditor flagged that the company has had no turnover since April 2025, net worth is eroded, current liabilities exceed current assets, and major plant and machinery has been sold off. Despite these red flags, results were prepared on a going concern basis, with management relying on director support and fund infusion.
This is a deeply negative disclosure for shareholders — the company is essentially not generating operating revenue, burning cash, and the auditor has explicitly flagged material uncertainty about its ability to continue as a going concern, making this a high-risk stock.