Mysore Paper Mills Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026

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Radhika SScanX News Team
Key Highlights

The Mysore Paper Mills Limited submitted its quarterly compliance certificate under SEBI Depositories and Participants Regulations for the quarter ended March 31, 2026. The certificate, filed on April 9, 2026, confirms proper handling of dematerialized securities by registrar Integrated Registry Management Services Private Limited. The submission demonstrates regulatory compliance and adherence to investor protection requirements in securities processing.

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The Mysore Paper Mills Limited, a Government of Karnataka undertaking, has filed its quarterly compliance certificate with the Bombay Stock Exchange under SEBI Depositories and Participants Regulations for the quarter ended March 31, 2026. The submission, made on April 9, 2026, fulfills the company's regulatory obligations regarding securities dematerialization processes.

Regulatory Compliance Submission

Company Secretary Mohan Kulkarni submitted the certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document was digitally signed and transmitted to the Department of Corporate Affairs at the Bombay Stock Exchange on Dalal Street, Mumbai.

Submission Details: Information
Reporting Period: Quarter ended March 31, 2026
Submission Date: April 9, 2026
Regulatory Framework: SEBI Regulation 74(5)
Signatory: Mohan Kulkarni, Company Secretary

Registrar Confirmation

Integrated Registry Management Services Private Limited, serving as the company's registrar and share transfer agent, provided the compliance confirmation. General Manager S Giridhar certified that all securities received from depository participants for dematerialization during the quarter were properly processed according to regulatory requirements.

The registrar confirmed several key compliance aspects:

  • Securities received for dematerialization were confirmed to depositories within prescribed timelines
  • All securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
  • Physical certificates received for dematerialization were mutilated and cancelled after due verification
  • Depository names were substituted in the register of members as registered owners within 15 days

Company Information

The Mysore Paper Mills Limited operates as a Government of Karnataka undertaking with its registered office located at No 32, 5th Floor, D Devaraj Urs Road, Bengaluru. The company maintains its corporate website at www.mpm.co.in and can be reached through telephone numbers 080-22266979 and 080-22255459.

Regulatory Framework

The submission aligns with SEBI's investor protection initiatives and ensures transparency in securities handling processes. The quarterly certification requirement under Regulation 74(5) mandates companies to confirm proper processing of dematerialized securities, maintaining investor confidence in the depository system.

This compliance filing represents part of the company's ongoing commitment to regulatory adherence and transparent corporate governance practices in the Indian securities market.

Will Mysore Paper Mills consider modernizing its operations or exploring strategic partnerships given the current regulatory compliance focus?

How might the Government of Karnataka's divestment policies affect Mysore Paper Mills' ownership structure in the coming quarters?

What impact could potential changes to SEBI's depository regulations have on the company's compliance costs and processes?

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Mysore Paper Mills Q3FY26 Loss Widens to ₹2,046.27 Lakhs Amid Mill Closure

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Radhika SScanX News Team
Key Highlights

The Mysore Paper Mills Limited confirmed publication of Q3FY26 results showing net loss of ₹2,046.27 lakhs, representing a 6.80% increase from the previous year's ₹1,915.91 lakhs. Revenue from operations declined 27.57% to ₹412.90 lakhs while finance costs dominated expenses at ₹2,151.87 lakhs. The company continues forestry operations while manufacturing remains suspended since 2017.

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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:

Metric: Q3FY26 Q3FY25 Change (%)
Revenue from Operations: ₹412.90 lakhs ₹569.93 lakhs -27.57%
Total Income: ₹412.90 lakhs ₹569.93 lakhs -27.57%
Total Expenses: ₹2,459.17 lakhs ₹2,485.84 lakhs -1.07%
Net Loss: ₹2,046.27 lakhs ₹1,915.91 lakhs +6.80%
Earnings Per Share: ₹(1.72) ₹(1.61) -6.83%

Expense Structure Analysis

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

Expense Category: Amount (₹ Lakhs) Percentage of Total
Finance Cost: 2,151.87 87.5%
Other Expenses: 163.34 6.6%
Cost of Material Consumed: 106.38 4.3%
Employee Benefit Expenses: 36.49 1.5%
Depreciation & Amortization: 1.09 0.04%

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:

Parameter: Nine Months FY26 Performance
Revenue from Operations: ₹1,333.94 lakhs Operational focus
Total Income: ₹1,333.94 lakhs Combined revenue streams
Net Loss: ₹6,015.33 lakhs Accumulated losses
Earnings Per Share: ₹(5.06) Per share impact

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.

What timeline is expected for the mill leasing process with Infrastructure Development Corporation (Karnataka) Limited, and how might this impact future financial performance?

How will the pending legal challenges regarding employee closure compensation affect the company's restructuring plans and financial obligations?

What potential revenue streams could emerge from the forestry division's plantation activities to offset the massive finance costs of ₹2,151.87 lakhs per quarter?

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