Agio Paper & Industries Ltd has fulfilled its quarterly regulatory compliance by submitting the required dematerialisation certificate to BSE Limited for the quarter ended 31st March 2026. The submission was made on 13th April 2026 by Managing Director Ankit Jalan.

Regulatory Compliance Details

The company submitted its certificate in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates listed companies to report their dematerialisation activities on a quarterly basis to stock exchanges.

Certificate Confirmation

The certificate was issued by Maheshwari Datamatics Private Limited, which serves as the registrar and transfer agent for Agio Paper & Industries. The certificate confirms a significant finding regarding the company's share dematerialisation activity during the quarter.

According to the certificate dated 2nd April 2026, no dematerialisation requests for equity shares of the company were confirmed during the entire quarter from 1st January 2026 to 31st March 2026.

Company Information

Agio Paper & Industries Ltd operates with its registered office located at 505, Diamond Prestige, 41A, A.J.C. Bose Road, Kolkata – 700017. The company also maintains its manufacturing facility at Village Dhenka, P.O. Darrighat-Masturi, Bilaspur – 495551 in Chhattisgarh.

This quarterly compliance submission demonstrates the company's adherence to SEBI regulations and maintains transparency in its share transfer and dematerialisation processes for stakeholders and regulatory authorities.

Agio Paper & Industries Limited , a company grappling with prolonged operational suspension, has reported a net loss of ₹45.71 lakh for the first quarter. The company's financial results, approved by its Board of Directors on August 11, reveal ongoing challenges as it continues to navigate a difficult business environment.

Financial Performance

The company's Q1 results show a slight deterioration compared to the previous quarter:

The revenue from operations marginally increased to ₹0.35 lakh in Q1, up from ₹0.25 lakh in the previous quarter. However, this represents minimal operational activity given the company's suspended state.

Operational Status

Agio Paper & Industries' paper factory operations at Bilaspur have remained suspended since October 6, 2010, due to pollution control issues. The company has disposed of its entire plant and machinery, along with a substantial portion of capital work in progress during previous years.

Going Concern and Future Plans

Despite the prolonged suspension and asset disposals, the management maintains the company on a going concern basis. This stance is supported by:

1. A comfort letter received from a promoter company confirming their financial support.
2. Management's consideration of various alternative business plans to utilize the remaining property, plant, and equipment (PPE) of the company.

However, the company's auditors, Baid Agarwal Singhi & Co., have noted a material uncertainty about Agio Paper's ability to continue as a going concern, citing the suspended operations and significant asset disposals.

Management's Perspective

Malay Chakrabarty, Director of Agio Paper & Industries, signed off on the financial results, indicating the management's commitment to exploring alternative avenues for the company's remaining assets. The management does not foresee any impairment in the remaining PPE of the company, suggesting some optimism about future utilization.

Regulatory Compliance

The company continues to comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submitting its unaudited financial results and limited review report as required.

As Agio Paper & Industries navigates through these challenging times, stakeholders will be keenly watching for any signs of a turnaround strategy or alternative business plans that could potentially revive the company's operations and financial health.