Hereby attached reasons for the delay in Financial Results for the quarter ended 30-06-2026

HH THE MYSC OIN. RL9E89 89KPA1A93P6ESGRC0 001M7I3 ILS LIMITED Ba0 taeme ne.GaT I (AGOV ERNMENT OF KARNATAKA UNDERTAKING) aa Regd. Office: No 32,5 ” Floor, (Karnataka State Co-operative Federation Ltd.'s Building), D Devara; Urs Road, (Race Course Road), BENGALURU - 560 001 Tel: O86 - 22266979/22255459, Fax: 080 - 22253478, website: wwimpm.co in No.CS:MPM:BSE:LISTING:UAF(P)R.Q1FY 2026-27: 11" August 2026 The Listing Compliance Monitoring Team, BSE Limited, (Formerly Bombay Stock Exchange Ltd.), Regd. Office : Floor 25, P.J. Towers, Dalal Street, Mumbai - 400 001. Dear Sir/s, Sub : Disclosure of reasons for delay in submission of Un-audited Financial (Provisional) Results for the Qtr. ended 30" June, 2026 (Q1FY2026-27) within the due date in respect of The Mysore Paper Mills Ltd.,Bengaluru (Code : 502405); 1. Following are the reasons for delay in Uploading of Un-audited Financial (Provisional) Results for the Quarter ended June, 2026 (Q1 FY2026-27) on the portal of BSE, before the due date being 15" August 2026. It is pertinent to mention here, that M/s. MNS & Co., Bengaluru, the Statutory Auditors appointed by the Office of the Comptroller and Auditor General of India (CAG), New Delhi after completion of the Statutory Audit of draft Annual Accounts of the Company for the FY 2014-15 had earlier termed the Company (MPM) ‘as not an ongoing concern which was apart from the status of a “Sick” Company as was declared by BIFR in case No. 601/2012. In view of their said assumptions over the issue of “Going Concern or Not’, the said Statutory Auditors finally had not signed the Annual Accounts earlier for the said FY (2014-15) and had demanded a° Letter of Comfort * to be issued by the Govt. of Karnataka, being a major stakeholder. After great deal of deliberations, it was only during the end of the year, 2021, the draft annual accounts of the said FY were signed by them (Statutory Auditors) with a disclaimer “Not an ongoing Concern’ and thereafter the supplementary audit by the office CAG was got done and the related (80"") AGM for the said FY (2014-15) was_ held on 29" December, 2021 and the related (80"") Annual Report was also filed with the BSE soon after the said AGM. 2. In view of this, there have been several accounting difficulties in getting the accounts prepared for the subsequent financial years without getting the certified opening balance by the new auditors. With the signing of the Annual Accounts for the said FY i.e., 2014-15 and conduct of the related AGM by end of 2021, the preparation and finalization of the Annual Accounts were taken up through an _ external financial consultants M/s. Manian & Rao, Bengaluru for the subsequent years 2015-16 ; 2016-17 and 2017-18 to begin with and M/s. Vasan & Sampath LLP, the Statutory Auditors appointed by the office of the CAG for the said 3 yearshave also started simultaneous auditing for the said 3 years. Recently, they had completed the Statutory Audit of FY 2015-16 and their Audit Report was submitted to the Principal Accountant General Office, Mills: Paper/lown, Bhadravathi - 577 302. (Shivamogga District, Karnataka Sta t e) Tel ; 08282 - 270201-08. Fax : 08282 - 270937. www.mpm.co.in CIN. L98989KA1936SGC000173 (AGOVERNMENT OF KARNATAKA UNDERTAKING) Regd. Office: No 32, 5” Floor, (Karnataka State Co-operative Federation Ltd.,'s Bulling), D Devara; Urs Road, (Race Course Road), BENGALURU - 560 001 Tel: O86 - 22266979/22255459, Fax: 080 - 22253478, website: wwimpm.co in Karnataka, Bengaluru who also conducted their * Supplementary Audit ~ and had issued their ~ Nil Comments Certificate * thereon. With this, the preparation of Annual Report was over and the related 81% Annual General Meeting of the shareholders for FY 2015-16 was also held on Saturday, the 29" November 2025 at 12 p.m. in virtual mode and the related e-filings were also made. 3. The aforesaid reasons for the delay were beyond the control of the Company and are well within the knowledge of the Office of CAG and they had also directed the Company to take up the simultaneous audit for the aforesaid 3 years, in view of the said special circumstances. Further, the Company has stopped its operational activities since 2015-16 due to huge losses incurred by the Company over the successive years since 2009 and formally closed its operations during October, 2021 in accordance with the approval accorded by the Competent Authority of the Govt. of Karnataka. The Company's operations are however restricted to its forest plantation activities from 2017 onwards. Further, Company (mpm) was to submit the Quarterly Un-audited Financial (provisional) Results of the Quarter (April - June) ended 30.06.2026 (Qi FY 2026-27) to the BSE within the prescribed time limit. However, in view of the sudden demise of our earlier Chief Finance Officer (CFO) of the Company due to Covid-19 during first wave and consequential disruptions post pandemic and non-filling up of the post of CFO since then and for the reasons stated in the foregoing paragraphs, the Company has not been able to get the Quarterly Un- audited Financial (provisional) Results prepared in time. However, the provisional Un-audited Financial (Provisional) Results for the said quarter ended June, 2026 is under preparation through an external agency (as aforesaid) viz., M/s. Manian & Rao, Chartered Accountants & Financial Consultants who have also served as Statutory Auditors of the Company in the past. 4. In_the light of aforesaid valid reasons and under _ the special circumstances, the company would not be in a position to upload the Un-audited Financial Results for the First Quarter ended June, 2026 to the -_ The BSE Limited ~ within the timelimit_ and shall comply with the requirement, as expeditiously as possible, for the previous Quarter ended 30" June 2026 (Q1 FY2026-27) soon after the Un-audited Financial (Provisional) Results are ready and approved by the Board of Directors, at its upcoming meeting being convened for the purpose shortly. Thanking you, Yours faithfully, For The Mysore Paper Mills Ltd., MOHAN D KULKARNI COMPANY SECRETARY Mills: Paper/lown, Bhadravathi - 577 302. (Shivamogga District, Karnataka State) Tel ; 08282 - 270201-08. Fax : 08282 - 270937. www.mpm.co.in