Approval of unaudited financial results for the third quarter ended 31.12.2025
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Simplex Papers Ltd reported unaudited Q3 FY26 results showing zero revenue from operations and only Rs 0.30 lakh in other income, against total expenses of Rs 2.89 lakhs, resulting in a net loss of Rs 2.89 lakhs for the quarter. For the nine months ended December 2025, the company posted a net loss of Rs 8.93 lakhs, slightly narrower than the Rs 11.73 lakh loss in the same period last year. The company's other equity stands at negative Rs 1,505.91 lakhs, meaning its net worth is fully eroded. The statutory auditor, Khandelwal & Mehta LLP, issued a clean limited review but included an Emphasis of Matter flagging a going concern uncertainty due to accumulated losses and fully eroded net worth.
This is a severely distressed micro-cap with no operational revenue, fully eroded shareholder equity, and an explicit going concern warning from auditors — a significant red flag for existing or prospective shareholders.