BSEBoard Meeting29 Jul 2026 · 29 Jul 2026, 05:33 pm
outcome of board meeting held on 29.07.2026
Coral Newsprints Ltd · 530755
✦ AI Summary▼ NegativeResults
Coral Newsprints Ltd's board meeting outcome for the quarter ended June 2026 shows the company has incurred continuous losses, eroded net worth, and has a current liability exceeding its current assets. The unaudited financial results were prepared on a going concern basis, dependent on support from directors for business generation and fund infusion.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk9/10
Liquidity Impact2/10
Market Sentiment1/10
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Coral Newsprints Ltd - 530755 - Board Meeting Outcome for Outcome Of Board Meeting Held On 29.07.2026
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L. N. MALIK & CO. Phone : 011-45091677
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 ended 30th June 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 ended 30,
June ,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, 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 June 20226 ,
incurred continuous losses due to which net worth has been eroded for the quarter ended June
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. 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 : 29.07.2026
UDIN: 26091816YHQYDJ7519