Coral Newsprints: Auditor's Report for FY26 Highlights Employee Benefits Discrepancy

Coral Newsprints Limited has received an independent auditor's report on its standalone annual financial results for the year ended March 31, 2026. The report, prepared by L. N. Malik & Co., states that the financial results comply with SEBI Listing Regulations and present a true and fair view according to Indian Accounting Standards (Ind AS), with one exception: Ind AS 19 "Employee Benefits". The report also details a significant ongoing legal dispute with N P Jalan, involving arbitration awards, payments, and court-ordered appearances of an escrow agent with share certificates, with the matter currently pending before the Hon'ble Delhi High Court.