outcome of board meeting held on 26.05.2025
Price
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Awaiting price reaction for this filing.
Coral Newsprints Ltd's board approved its audited financial results for Q4 and full year FY2024-25 on May 26, 2025. Revenue from operations for Q4 FY25 was nil (down from ₹18 lakh in Q4 FY24), and full-year FY25 total income was just ₹186.12 lakh. The company posted a net loss of ₹86.37 lakh for FY25 (loss per share of ₹1.71), wider than the ₹61.71 lakh loss in FY24. The statutory auditor (L.N. Malik & Co.) issued its report noting accumulated losses have eroded the company's net worth, raising serious doubts about its ability to continue as a going concern. Management plans to diversify into other businesses and raise funds from directors and financial institutions. The auditor qualified the true and fair view with respect to Ind AS 19 (Employee Benefits) compliance.
This is a deeply negative disclosure for shareholders — the company is loss-making, revenue has dried up to zero, and the auditor has flagged going concern uncertainty due to net worth erosion. The stock is likely to remain under pressure, and investors should treat this as a high-risk, financially distressed situation pending evidence of the proposed business diversification and fund infusion.