Quarterly Result26 May 2026, 01:12 pm
Genus Paper: Audited Financial Results for FY26 Approved
AI Summary
Genus Paper & Boards Ltd's board meeting on May 26, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The Statutory Auditors issued an unmodified opinion on the results. A fire at the Muzaffarnagar unit stock yard on May 24, 2026, damaged inventories, but the financial impact is yet to be ascertained. The company also revised the estimated useful life of certain plant and machinery items, resulting in a decrease in depreciation expense by ₹429.57 Lacs for the year.
Key Highlights
- Audited financial results for FY26 approved with unmodified audit opinion.
- Depreciation expense decreased by ₹429.57 Lacs due to revision in plant and machinery life.
- Fire at Muzaffarnagar unit caused inventory damage; loss assessment pending.
- Auditor's report highlights the fire incident and change in depreciation calculation.
Price Impact
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