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