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Awaiting price reaction for this filing.
Simplex Papers Ltd reported zero revenue from operations for Q1 FY26 (ended 30 June 2025), with only nominal other income of ₹0.08 lakhs. Total expenses stood at ₹3.04 lakhs, resulting in a net loss of ₹2.96 lakhs, slightly narrower than the ₹3.73 lakh loss in Q1 FY25. The company continues to accumulate losses with negative other equity of ₹1,505.91 lakhs, meaning its net worth is fully eroded. The auditor flagged an emphasis of matter, noting that accumulated losses and fully eroded net worth cast significant doubt on the company's ability to continue as a going concern, though management has prepared results on a going concern basis based on projections. EPS for the quarter stood at ₹(9.86) versus ₹(12.43) in the year-ago period.
This is a deeply concerning filing for shareholders: the core business has no operating revenue, losses persist, and net worth is negative. The auditor's going-concern qualification highlights serious solvency risk; shareholders should expect extreme volatility and high probability of further corporate action (suspension, delisting, or restructuring).