Coral Newsprints Ltd

AGM Details

• Held 30 September 2026 at 2:00 PM via video conferencing.
• Chaired by Mr. Pushpendra P.S. Chauhan.
• E-voting facility provided; Scrutinizer appointed to conduct voting.

Ordinary Business

• Adoption of Audited accounts for year ended 31 March 2026 with Directors’ and Auditors’ reports.
• Reappointment of Mahesh Kumar Sodhani as Director.
• Reappointment of Vinayak Chauhan as Director.

Special Business

• Appointment of PPS Chauhan as Whole-time Director for five years.

Voting status

• Outcomes of resolutions not disclosed in the filing.

Financial snapshot

• Revenue from operations: 1,325 thousand in FY2026 (FY2025: 0).
• Profit before tax: -3,187 thousand.
• Profit for the year: -3,187 thousand.
• Basic earnings per share: -0.63.
• Net cash from operating activities: -33.74 Lacs.
• Total assets: 243.53 Lacs.
• Cash and cash equivalents: 24.15 Lacs.
• Dividend for FY2026: not declared.
• Net worth is negative due to accumulated losses.

Balance sheet highlights

• Share capital: 505.27 Lacs.
• Other equity: -934.90 Lacs.
• Non-current borrowings: 163.72 Lacs.
• Current liabilities: 975.53 Lacs.
• Trade payables: 541.88 Lacs.
• Loans from related parties: 70.72 Lacs.
• Other long-term loan: 93.00 Lacs.
• Total equity is negative; net worth eroded.
• Factory location: Gajraula, UP.

Governance & board

• 34th AGM scheduled for 30 Sep 2026 via VC/OAVM.
• Pushpendra P.S. Chauhan appointed Whole-Time Director and CEO for 5 years.
• Four board meetings held in FY2026.
• Directors up for rotation: Mahesh Sodhani and Vinayak Chauhan.

Audit & internal controls

• Auditors flag going concern risk due to losses.
• Internal Audit: no internal auditor appointed.
• Internal financial controls deemed adequate by auditors.
• No material fraud reported during the year.
• Note 33 highlights going concern risk.

Dividends & capital allocation

• Dividend not declared; profits insufficient.
• No transfer to reserves for the year.
• CSR not applicable.

Litigation & regulatory matters

• Unsecured loan dispute with NP Jalan; Delhi High Court ongoing.
• Outstanding tax and water cess disputes with Delhi authorities.
• Loan from Jalan: 345.00 Lacs disclosed as contingent liability.
• Litigation may affect going concern.

Operations & risk outlook

• Manufacturing Newsprints and Absorbent Kraft Papers at Gajraula, UP.
• Plant address: 4 Km Stone Delhi Road.
• No major business changes during FY2026.
• Management plans funds infusion and diversification to improve position.
• Diversification to other lines and bank funding considered.

Financials

• Quarter ended 30-06-2026: standalone unaudited; turnover zero; net loss ₹14.20 lakh.
• EPS continuing operations: -₹0.28; continuing+discontinued: -₹0.56.
• Paid-up equity share capital ₹505.27 lakh; face value ₹10.
• Auditor notes material going-concern uncertainty; requires director funding.
• Current liabilities exceed current assets; no turnover; plant and machinery sold last year.
• Total assets ₹163.92 lakh; total liabilities ₹30.08 lakh.
• Reporting period 01-04-2026 to 30-06-2026; standalone, unaudited.
• Plant & Machinery disposed in previous year.
• Limited Review Report states going-concern risk.
• Going-concern relies on director support and funding infusion.

Financial results and going concern status

• Quarter ended 30 June 2026: standalone unaudited results reviewed; no material misstatement detected.
• No turnover from 1 April 2026 to 30 June 2026; ongoing losses.
• Net worth eroded; current liabilities exceed current assets.
• All Plant and Machinery sold in the previous financial year.
• Going concern uncertainty exists; requires support from Directors and infusion of funds.
• Statement prepared on going concern basis; auditor notes material uncertainty.

Exemption summary

• Exemption under Reg 15(2)(a) claimed; paid-up capital Rs 5.05 Cr; net worth negative.
• For quarter ended 30 Jun 2026, not required; exemption applies and no further action is mandated.

RTA handling and period

• Share transfer activities (physical and electronic) maintained by MUFG Intime India Private Limited (RTA).
• Period covered: quarter ended 30 June 2026.
• Certificate confirms compliance with Regulation 7(3).

Dematerialisation/Rematerialisation status

• Certificate under Regulation 74(5) received.

Auditor's opinion

• Opinion: true and fair view of standalone results for year ended 31 March 2026, except Ind AS 19.
• Basis: audit per Standards on Auditing; internal control considerations noted.
• Statement includes standalone annual results; balancing figures for Q4 vs audited full-year figures.

Financial Highlights

• Standalone Ind-AS Q2FY2026, ended 30-09-2025, unaudited.
• Revenue from operations: 0.00; Total income: 0.00.
• Total expenses: ₹16.79 lakh (3m); ₹31.53 lakh (6m).
• Net loss: ₹16.79 lakh (3m); ₹31.53 lakh (6m).
• EPS from continuing operations: basic/diluted −0.33 (3m), −0.62 (6m).
• Total equity attributable to owners of the parent: −₹934.89 lakh; Paid-up capital: ₹505.27 lakh.
• Total assets: ₹413.46 lakh; Cash and bank balances: ₹5.87 lakh.
• Current assets: ₹263.41 lakh; Non-current assets: ₹150.05 lakh.
• Liabilities: Total ₹1,348.35 lakh; Current liabilities ₹1,265.53 lakh; Non-current ₹82.82 lakh.
• Current borrowings ₹275.50 lakh; Trade payables current ₹602.76 lakh; Current tax ₹222.82 lakh.
• Non-current borrowings ₹1.50 lakh; Provisions non-current ₹39.17 lakh; Other non-current liabilities ₹42.15 lakh.
• Newsprint segment revenue: 0; segment PBT: 0.
• Cash flow: ending cash ₹54.65 lakh; intangible asset purchases ₹128.33 lakh; advances to others ₹31.00 lakh.

Meeting Details

• Board meeting scheduled for 30 May 2026 at 2:00 P.M.
• Location: A-138, First Floor, Vikas Marg, Shakarpur, Delhi 110092.

Key Agenda Items

• Board will discuss agenda items and allied matters.