CORAL NEWSPRINTS LTD

Board Meeting Details

The Board of Directors meeting was held on 30th October 2026 at the company's registered office from 2:00 PM to 7:00 PM. The meeting:

  • Approved and signed the minutes of the previous meeting
  • Discussed the operations of the company

Financial Results Overview (Standalone, Rupees in Lakhs)

Quarter Ended 30 September 2026 (Current Reporting Period)

  • Revenue from operations: ₹0.00
  • Other income: ₹191.62
  • Total income: ₹191.62
  • Total expenses: ₹23.16
  • Employee benefits expense: ₹13.24
  • Other expenses: ₹9.91
  • Profit before tax: ₹168.46
  • Current tax: ₹14.18
  • Deferred tax: ₹0.00
  • Profit for the period: ₹154.28
  • Earnings per share (Basic and Diluted): ₹3.05

Comparative Performance

  • Preceding quarter (30 June 2026): Net loss of ₹14.20 lakhs, EPS of -₹0.28
  • Corresponding quarter previous year (30 September 2025): Net loss of ₹16.79 lakhs, EPS of -₹0.33
  • Year-to-date (30 September 2026): Net profit of ₹139.96 lakhs
  • Year-to-date previous year (30 September 2025): Net loss of ₹32.47 lakhs
  • Previous reporting period (31 March 2026): Net loss of ₹31.88 lakhs, EPS of -₹0.63

Key Financial Metrics

Half Year Ended 30 September 2026

  • Total income: ₹191.62
  • Total expenses: ₹37.48
  • Profit before tax: ₹154.14
  • Profit for the period: ₹139.96
  • Basic and diluted EPS: ₹2.77

Significant Items

  • Other income of ₹191.62 lakhs in current quarter primarily consists of additional compensation of ₹191.57 lakhs received from NHAI
  • Zero revenue from operations throughout current and comparative periods
  • Finance costs: ₹0.00 in current quarter vs ₹7.42 lakhs in preceding quarter

Auditor's Review and Qualifications

L. N. Malik & Co., Chartered Accountants (Firm Registration No: 0015992N), conducted a limited review of the financial results pursuant to Regulation 33 of SEBI LODR Regulations.

Material Uncertainty Regarding Going Concern

The auditors issued a qualified opinion highlighting:

  • Company has achieved zero turnover from 1st April 2026 to 30th September 2026
  • Company has incurred continuous losses resulting in erosion of net worth
  • Current liabilities exceed current assets
  • All plant and machinery were sold during the last financial year
  • These conditions indicate material uncertainty that may cast significant doubt on the company's ability to continue as a going concern

Basis of Preparation

Despite the qualified opinion, the financial results have been prepared on a going concern basis, dependent on:

  • Support from directors for business generation
  • Infusion of funds to meet financial obligations and other expenditures