approval of the Un-audited Financial Results of the Company for the third quarter ended 31st December, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Simplex Papers' board approved its unaudited Q3 FY26 results on 10 February 2026. The company reported essentially no revenue from operations, with only ₹0.30 lakh of other income against ₹2.89 lakh of expenses, resulting in a net loss of ₹2.89 lakh for the quarter. For the nine months ended 31 December 2025, the cumulative net loss stood at ₹8.93 lakh, slightly improved from ₹11.73 lakh in the prior-year period. The company's other equity is deeply negative at ₹(1,505.91) lakh against a paid-up equity of ₹300.14 lakh, meaning its net worth is fully eroded. The statutory auditor issued an unmodified limited review conclusion but included an Emphasis of Matter paragraph flagging going-concern uncertainty due to accumulated losses and eroded net worth.
This is a significant red flag for shareholders — the company is loss-making, has zero operating revenue, and its net worth is fully wiped out. The auditor has formally flagged going-concern doubts, which could weigh heavily on the stock and raise questions about the company's future viability.