Clarification11 Aug 2026, 08:10 pm
Mysore Paper Mills Ltd: Delay in Q1 FY27 Financial Results
AI Summary
Mysore Paper Mills Ltd has announced a delay in submitting its Un-audited Financial (Provisional) Results for the quarter ended June 30, 2026 (Q1 FY2026-27). The delay is attributed to significant accounting complexities arising from past issues, including the company being termed 'not an ongoing concern' by its statutory auditors for FY 2014-15. Further complications arose from the sudden demise of the previous CFO due to Covid-19 and the subsequent non-filling of the position. The company is currently preparing the results through an external agency, M/s. Manian & Rao.
Key Highlights
- Delay in submission of Q1 FY27 Un-audited Financial Results.
- Reasons include past 'not an ongoing concern' auditor remarks.
- Sudden demise of CFO and subsequent vacancy contributed to delay.
- Results are being prepared by external financial consultants.
- Company operations are restricted to forest plantation activities since 2017.
Price Impact
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