Audited Financial Result for financial year ended 31.3.26
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Simplex Papers Ltd reported a net loss of Rs 11.38 lakhs for FY 2025-26, significantly improving from a loss of Rs 15.98 lakhs in the previous year. The company has accumulated losses of Rs 1,517.29 lakhs and its net worth has been fully eroded. The company appears to have minimal operations with only other income of Rs 1.31 lakhs recorded for the year. Statutory auditors Khandelwal and Mehta LLP issued an unmodified opinion but included an Emphasis of Matter paragraph highlighting going concern uncertainty due to accumulated losses. The company also re-designated Smt. Fatima Fernandes as a Non-Executive Independent Director.
The company is in financial distress with eroded net worth and negative operating cash flow of Rs 11.99 lakhs. The going concern uncertainty noted by auditors is a serious red flag for shareholders despite the auditors not qualifying their opinion.