sir pl find attached the annual report for the financial year ended 31st March 2025
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Awaiting price reaction for this filing.
Coral Newsprints Ltd has filed its 33rd Annual Report for FY2024-25. The company reported zero revenue from operations in FY25, down sharply from Rs. 86.35 lakh in FY24. The net loss widened to Rs. 86.37 lakh from Rs. 61.71 lakh in the previous year. Management stated that the current plant capacity is not viable and the existing location is not environmentally friendly, and is seeking shareholder approval to dispose of the whole or part of its land, buildings and plant, with plans to diversify and potentially relocate operations. No dividend was declared due to losses, and the board has prepared accounts on a going concern basis. Electricity consumption dropped significantly from 1.06 lakh units to 60,539 units, reflecting curtailed operations. Annual listing fees to BSE were only partially paid.
This is a deeply negative filing for shareholders. Zero revenue, widening losses, and the company's intent to sell its plant signals severe operational distress and raises serious going concern doubts. The stock is likely to face selling pressure and may attract further regulatory scrutiny given the partial BSE listing fee payment.