<h1>Simplex Papers Ltd Reports Q1 Results for FY26; Auditor Highlights Eroded Net Worth and Going Concern Uncertainty</h1>
Simplex Papers Limited has released its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors considered and approved these results in their meeting held on August 3, 2026. The company's results have been reviewed by the Audit Committee.
The financial performance data highlights the company’s position across various periods. Management noted that the company operates a single reportable segment, "Paper," making disclosure under Ind AS 108 on Operating Segments unnecessary.
A summary of the unaudited and audited figures is presented below:
| Particulars | Q Ended 30.06.2026 (Unaudited) | Q Ended 31.03.2026 (Audited) | Q Ended 30.06.2025 (Unaudited) | FY Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total Income | : | : | 0.08 | 0.08 |
| Total Expenses | 2.95 | 2.45 | 3.04 | 11.46 |
| Loss before exceptional items and tax | (2.95) | (2.45) | (2.96) | (11.38) |
| Net Loss for the period | (2.95) | (2.45) | (2.96) | |
| Total comprehensive income / (expense) | (2.95) | (2.45) | (2.96) | (11.38) |
| Paid up equity share capital | 300.14 | 300.14 | 300.14 | 300.14 |
| Other equity excluding revaluation reserves | (1,517.29) | |||
| Basic and diluted earning per share | (9.84) | (8.18) | (9.86) | (37.92) |
The figures for the quarter ended March 31, 2026, represent balancing calculations between audited data of the full previous financial year and unaudited published year-to-date figures up to the third quarter of that prior financial year.
Auditor's Review Highlights Key Concern Over Financial Standing
A review conducted by Khandelwal & Mehta LLP on the quarterly results brought attention to the company’s accumulated losses, noting that its net worth has been fully eroded. This situation indicates an uncertainty regarding the Company's ability to continue as a going concern. Management stated that financial statements have been prepared on a going concern basis based on projections submitted to the auditors.The review confirms that the unaudited Statement is free of material misstatement and complies with the required disclosure standards.
Stock Price Movement
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