The Mysore Paper Mills Limited, a Government of Karnataka undertaking, has confirmed the publication of its unaudited financial results for the quarter ended December 31, 2025, revealing continued operational challenges. The company reported a net loss of ₹2,046.27 lakhs for Q3FY26, representing a 6.80% increase in losses compared to ₹1,915.91 lakhs in the corresponding quarter of the previous year.

Financial Performance Overview

The company's financial metrics for the quarter reflect the impact of its ongoing operational restructuring:

Expense Structure Analysis

The company's expense profile for Q3FY26 demonstrates the significant impact of fixed costs on operations:

Finance costs constitute the largest component at ₹2,151.87 lakhs, remaining consistent with previous quarters. Material consumption costs increased to ₹106.38 lakhs from ₹97.55 lakhs in the corresponding previous quarter.

Operational Status and Strategic Direction

The company continues to operate under significant constraints following government directives. Manufacturing operations remain suspended as per the Government of Karnataka's decision dated January 4, 2017, to lease out mill operations to third parties due to continuous losses and operational unviability. The forestry division continues its operations under company management, focusing on plantation activities and sale of mature captive plantations.

Corporate Governance and Regulatory Compliance

The board meeting held on March 25, 2026, approved these unaudited financial results, with the meeting commencing at 11:00 AM and concluding at 1:15 PM. The company maintains its paid-up share capital at ₹11,889.34 lakhs with 4,19,22,339 shares of ₹10 each. The results were reviewed by the Audit Committee before board approval.

The company published these results in Financial Express and Samyuktha Karnataka on March 26, 2025, as confirmed by Company Secretary Mohan Kulkarni's communication to the Bombay Stock Exchange dated March 30, 2026.

Nine-Month Performance Snapshot

For the nine-month period ended December 31, 2025, the company reported:

The company has engaged Infrastructure Development Corporation (Karnataka) Limited as Transaction Consultant for the mill leasing process. Labour department approvals for closure have been obtained, with closure compensation paid to majority of employees on the muster roll, though some legal challenges remain pending in court.

The Mysore Paper Mills Limited has notified the Bombay Stock Exchange regarding a timing change for its upcoming board meeting. The Karnataka government undertaking has rescheduled the meeting from 12.30pm to 11.00am on March 25, 2026.

Meeting Schedule Changes

The board meeting has undergone multiple timing adjustments. Initially scheduled for 3.00pm, the meeting was first preponed to 12.30pm and has now been further advanced to 11.00am on the same date.

Regulatory Compliance

The company has issued this intimation in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Mohan D Kulkarni signed the notification on March 24, 2026, ensuring compliance with stock exchange disclosure requirements.

Meeting Agenda

Despite the timing changes, the company has confirmed that the agenda items for the board meeting remain unchanged. The notification was sent to the Department of Corporate Affairs at the Bombay Stock Exchange, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

The Mysore Paper Mills Limited operates as a Government of Karnataka undertaking with its registered office located in Bengaluru. The company maintains ISO 14001 certification and continues to fulfill its regulatory obligations through timely disclosures to stock exchanges.