StockWatch
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Paper & Paper Products
Quarterly Result26 May 2026, 01:17 pm

Genus Paper: FY26 Audited Results Approved

AI Summary

Genus Paper & Boards Ltd's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, as recommended by the Audit Committee. The Statutory Auditors issued an unmodified opinion on the results. The audit report highlights a revision in the estimated useful life of certain plant and machinery items, resulting in a decrease in depreciation expense by ₹429.57 Lacs for the year. A major fire occurred at the Muzaffarnagar Unit's stock yard on May 24, 2026, causing damage to inventories, the financial impact of which is yet to be assessed.

Key Highlights

  • Audited financial results for FY26 approved with unmodified audit opinion.
  • Depreciation expense decreased by ₹429.57 Lacs due to revision in useful life of assets.
  • Major fire at Muzaffarnagar unit; loss assessment pending.
  • Board meeting held on May 26, 2026, to approve results.
  • Results are compliant with SEBI Listing Regulations.