With reference to the captioned subject and our intimation dated August 07, 2025, and in terms of Regulations 30 and 33 of the SEBI Listing Regulations, 2015, we wish to inform you that ....
Awaiting price reaction for this filing.
B J Duplex Boards Limited reported its Q1 FY26 (June 30, 2025) results showing zero revenue from operations, with total expenses of Rs. 8.64 lakhs leading to a net loss of Rs. 8.64 lakhs versus a loss of Rs. 6.77 lakhs in Q1 FY25, a ~28% widening. Basic and diluted EPS stood at Rs. (0.05). The paid-up share capital rose sharply from Rs. 49.29 lakhs to Rs. 190.29 lakhs following a change in control in March 2025, when Mr. Mayank Gupta and Prabhatam Investments Private Limited were allotted shares representing 68.58% of the company. The auditor, V.R. Bansal & Associates, issued an unmodified opinion but flagged a material uncertainty on the company's ability to continue as a going concern, noting fully eroded networth (reserves at Rs. (224.08) lakhs) and current liabilities exceeding current assets. The company now only trades in paper and board.
The going concern flag is a serious red flag for shareholders — networth is fully eroded and the auditor has highlighted material doubt about the company's ability to continue operations, despite zero operating revenue. The change in control and fresh equity infusion suggest a turnaround attempt, but until revenue resumes, the stock carries significant risk of further dilution or distress.