Disclosure Context

Coral Newsprints Ltd submitted unaudited standalone financial results for the first quarter ended June 30, 2026 (Q1 FY27) to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were approved by the Board of Directors at a meeting held on July 29, 2026, from 3:00 PM to 5:15 PM at the company's registered office.

Financial Performance Summary (Amounts in ₹ Lakhs)

Reporting Period: April 1, 2026 to June 30, 2026 (Q1 FY27)

Reporting Currency: INR

Rounding Level: Lakhs

Income Statement Highlights:

  • Revenue from operations: ₹0.00 (compared to ₹38.97 lakhs in corresponding quarter previous year)
  • Other income: ₹0.00
  • Total income: ₹0.00

Expenses Breakdown:

  • Employee benefit expense: ₹7.42
  • Finance costs: ₹0.00
  • Depreciation and amortization: ₹0.00
  • Other expenses: ₹6.78
  • Total expenses: ₹14.20

Profit/Loss Position:

  • Total profit before exceptional items and tax: ₹-14.20
  • Exceptional items: ₹0.00
  • Total profit before tax: ₹-14.20
  • Tax expense: ₹0.00 (both current and deferred tax)
  • Net profit/loss for the period: ₹-14.20
  • Total comprehensive income for the period: ₹-14.20

Earnings Per Share (not annualized):

  • Basic EPS from continuing operations: ₹-0.28
  • Diluted EPS from continuing operations: ₹-0.28
  • Basic EPS from continuing and discontinued operations: ₹-0.56
  • Diluted EPS from continuing and discontinued operations: ₹-0.56

Capital Structure:

  • Paid-up equity share capital: ₹505.27 lakhs
  • Face value per equity share: ₹10.00

Segment Reporting

The company operates in a single segment labeled "NO PRODUCTION" with:

  • Segment revenue: ₹0.00
  • Segment result (profit/loss before tax and interest): ₹-14.20
  • Segment assets: ₹163.92 lakhs
  • Segment liabilities: ₹30.08 lakhs

Debt and Default Position

The company disclosed:

  • Total loans/facilities from banks/financial institutions outstanding: ₹0.00
  • Amount of default on above: ₹0.00
  • Unlisted debt securities outstanding: ₹0.00
  • Amount of default on unlisted debt: ₹0.00
  • Total financial indebtedness: ₹0.00

Auditor's Limited Review Report

L. N. Malik & Co., Chartered Accountants (Firm Registration No: 0015992N) conducted a limited review of the financial results. Their key observations:

  • The company achieved zero turnover from April 1, 2026 to June 30, 2026
  • The company incurred continuous losses resulting in eroded net worth
  • Current liabilities exceed current assets
  • All plant and machinery were sold during the previous financial year
  • These conditions indicate material uncertainty that may cast significant doubt on the company's ability to continue as a going concern
  • The financial results have been prepared on a going concern basis based on expected support from directors through business generation and fund infusion

Comparative Performance

Compared to previous year corresponding quarter (Q1 FY26):

  • Revenue from operations: ₹0.00 vs ₹38.97
  • Total expenses: ₹14.20 vs ₹22.23
  • Net profit/loss: ₹-14.20 vs ₹16.73
  • Basic EPS: ₹-0.28 vs ₹0.33

Board Meeting Agenda

The Board of Directors meeting on July 29, 2026, transacted the following business:

1. Approved unaudited financial results for Q1 FY27

2. Approved and signed minutes of the previous meeting

3. Discussed company operations