Outcome of board meeting- consider and approve unaudited Financial results for quarter ended 30.09.2025
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The board of Simplex Papers Ltd approved unaudited financial results for the quarter and half year ended 30 September 2025, reviewed by the audit committee. The auditor (Khandelwal & Mehta LLP) issued a limited review report but drew an explicit Emphasis of Matter stating that the company's accumulated losses have fully eroded its net worth, creating uncertainty about its ability to continue as a going concern. Management has nonetheless prepared results on a going concern basis, citing projections. The half-yearly cash flow shows a loss before tax of Rs 6.04 lakh (slightly better than Rs 8.31 lakh loss in H1 FY25), with negative operating cash flow of Rs 8.20 lakh. Total equity stands at negative Rs 1,211.51 lakh against borrowings of Rs 1,244.26 lakh, and the balance sheet is extremely small with total assets of just Rs 149.52 lakh.
This is a serious red flag for shareholders — the auditor has formally flagged going concern doubt due to fully eroded net worth and continuing losses. With negative equity, persistent losses, and minimal cash of Rs 0.29 lakh, the company appears financially distressed. Investors should treat this stock as high risk and watch for any revival plan, fundraising, or further deterioration.