BSEBoard Meeting20h ago · 30 Oct 2026, 07:07 pm
outcome of board meeting held on 30.10.2026
Coral Newsprints Ltd · 530755
✦ AI SummaryResults
Coral Newsprints Ltd has released unaudited standalone financial results for the quarter and half year ended 30th September 2026, showing continuous losses and erosion of net worth. The company has sold its plant and machinery and has received additional compensation from NHAI, resulting in a net profit for the quarter. However, the company's ability to continue as a going concern is dependent on support from directors.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern6/10
Regulatory Risk4/10
Balance Sheet Risk9/10
Liquidity Impact5/10
Market Sentiment4/10
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Coral Newsprints Ltd - 530755 - Board Meeting Outcome for Outcome Of Board Meeting
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Phone : 011-45091677
L. N. MALIK & CO.
011-28755911
CHARTERED ACCOUNTANTS E-mail : allenmalik@hotmail.com
H. O. : 18/13, W.E.A., Ganga Plaza Building, Pusa Road, Karol Bagh, New Delhi - 110 005
B. O. : 6, Pusa Road, New Delhi - 110005
London : 208, Field End Road, EastCote, Middlesex, HA51RD, U.K. Tel. : 00442085821201
Limited Review Report on Standalone Unaudited Financial Results of the Coral Newsprints Limited
for the quarter and half year ended 30th September 2026 , pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To the Board of Directors Coral Newsprints Limited
1. We have reviewed the accompanying statement of Unaudited standalone Financial Results
(“the Statement) of M/s Coral Newsprints Limited (“the company”) for the quarter and half year ended
30th September ,2026 , being submitted by the company pursuant to the requirement of regulation 33
of the SEBI (Listing Obligations & disclosure requirements) Regulations, 2015, as amended, including
relevant circulars issued by the SEBI from time to time.
2. This Statement, which is the responsibility of the Company’s Management and approved by the Board
of Directors has been prepared in accordance with the recognition and measurement principles laid
down in the Indian Accounting Standard 34 “Interim Financial Reporting” (Ind AS 34”) prescribed under
section 133 of the Companies Act, 2013 read with relevant rules issued there under and other
accounting principles generally accepted in India . Our responsibility is to issue a report on the
statement based on our review.
3. We conducted our review of the statement in accordance with the Standard on Review Engagements
(SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the
Entity”, issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that
we plan and perform the review to obtain moderate assurance as to whether the statement is free of
material misstatement. A review of interim financial information consists of making inquiries primarily
of persons responsible for financial and accounting matters and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable
us to obtain assurance that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe
that the accompanying statement of unaudited standalone financial results , prepared in accordance
with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section
133 of the Act and other accounting principles generally accepted in India, has not disclosed the
information required to be disclosed in terms of the Listing Regulation including the manner in which
it is to be disclosed, or that it contains any material misstatement.
5. Further , since company has not achieved any turnover from 1st April 2026 to 30th Sept 20226 ,
incurred continuous losses due to which net worth has been eroded for the quarter and half year
ended September 2026 and companies current liability exceeds its current asset . Further company
has sold it’s all Plant and Machinery during the last financial year . These events or conditions
indicates that material uncertainty exists that may cast significant doubt on CORAL NEWSPRINTS
LTD to continue as a going concern.
Further during the quarter ended 30th Sept 2026 , company has received addition compensation from
NHAI amounting to Rs 191.57 lacs due to which there is Net profit during this quarter . However the
unaudited financial results of CORAL NEWSPRINTS LTD has been prepared on a going concern
basis . The company’s ability to continue as going concern is dependent on support from Director’s
on account of generation of business and infusion of funds to able the company to meet its financial
obligations and other expenditures .
For L. N. Malik & Co.
Chartered Accountants
Firm Registration No: 0015992N
Sameer Pavi
Partner
Membership No. 091816
Place: New Delhi
Date : 30.10.2026
UDIN: 26091816IDHQCC9499