PFA Revised Annual Report approved by the shareholders today at AGM 29-11-2025
Awaiting price reaction for this filing.
Mysore Paper Mills Ltd, a Karnataka government-owned paper and sugar maker, got shareholders to approve its long-delayed Revised Annual Report for FY 2015-16 at an AGM held on 29 November 2025. The report reveals massive losses of around Rs 275 crore for FY 2015-16, taking accumulated losses to about Rs 795 crore against a negative net worth of Rs 675 crore, officially making it a sick company. Manufacturing was shut down in 2015-16 after pollution-related orders, VRS was given to nearly all employees, and BSE trading of its shares has been suspended since November 2016. The auditor issued a disclaimer of opinion citing serious doubts over the going-concern status, and major liabilities such as Rs 259 crore in MESCOM power dues are still pending.
For shareholders, this filing confirms the stock is non-trading on BSE, the business has been shut for nearly a decade, the company is deeply loss-making with fully eroded net worth, and revival depends entirely on leasing out operations to a private player and government support. Equity holders face a high risk of value erosion with no dividends and no clear timeline for resumption of business or trading.