Delay in Board Meeting and Financial Results for the quarter ended 31-12-2025 as mentioned the letter attached herewith
Awaiting price reaction for this filing.
The Mysore Paper Mills Ltd, a Government of Karnataka undertaking, has informed BSE that it will not be able to upload its Q3 FY2025-26 (quarter ended 31-Dec-2025) unaudited financial results within the regulatory deadline of 14-Feb-2026. The company has been declared a 'Sick Company' by BIFR in 2012, and its statutory auditors had earlier flagged it as 'not an ongoing concern' while signing the FY 2014-15 accounts with a disclaimer. The company stopped its main paper manufacturing operations in October 2021 due to accumulated losses since 2009, and only forest plantation activities continue. Significant backlog in account finalisation exists (FY 2015-16 AGM was held only in November 2025), compounded by the death of the previous CFO during the first Covid wave and the post remaining vacant since then. Results are being prepared by external consultants M/s. Manian & Rao.
This is a significant red flag for shareholders — the company is operationally non-functional except for plantations, carries an explicit going-concern disclaimer from auditors, has a multi-year backlog in audited accounts, and is unable to meet even quarterly disclosure timelines. Shareholders should view this as a high-risk, distressed situation with very limited operational value and continued uncertainty about the company's future.