Simplex Papers FY26 net loss narrows to ₹11.38 lakh
Simplex Papers Limited reported a narrowed net loss of ₹11.38 lakh for the financial year ended March 31, 2026, compared to a loss of ₹15.98 lakh in the previous year. Revenue from operations remained nil, while total income decreased to ₹0.08 lakh. The company's net worth remained eroded at negative ₹1,216.85 lakh. The board approved the audited results and re-designated Smt. Fatima Fernandes as a Non-Executive Independent Director, subject to shareholder approval.
*this image is generated using AI for illustrative purposes only.
Simplex Papers Limited announced its audited financial results for the financial year ended March 31, 2026, following a board meeting held on May 19, 2026. The company reported a net loss of ₹11.38 lakh for the fiscal year, representing a reduction from the net loss of ₹15.98 lakh recorded in the previous year. Revenue from operations was nil for both the current and prior financial years.
Financial Performance
The company's total income for the year ended March 31, 2026, stood at ₹0.08 lakh, down from ₹1.31 lakh in the previous year. Total expenses decreased to ₹11.46 lakh from ₹17.29 lakh in the corresponding period last year. The profit before tax for the year was a loss of ₹11.38 lakh, compared to a loss of ₹15.98 lakh in FY25.
For the quarter ended March 31, 2026, the company reported a net loss of ₹2.45 lakh. Total expenses for the quarter amounted to ₹2.45 lakh. The basic and diluted earnings per share (EPS) for the financial year were recorded at a loss of ₹37.92 per share of ₹1000 each, compared to a loss of ₹53.23 per share in the previous year.
| Particulars | Year Ended 31.03.2026 (₹ in lakhs) | Year Ended 31.03.2025 (₹ in lakhs) |
|---|---|---|
| Total Income | 0.08 | 1.31 |
| Total Expenses | 11.46 | 17.29 |
| Net Profit/Loss | (11.38) | (15.98) |
| EPS (₹) | (37.92) | (53.23) |
Assets and Liabilities
As of March 31, 2026, the company's total assets stood at ₹147.80 lakh, a decrease from ₹155.91 lakh in the previous year. Total current liabilities increased to ₹1,364.65 lakh from ₹1,361.38 lakh. The total equity was reported at a negative ₹1,216.85 lakh, indicating an erosion of net worth. Cash and cash equivalents decreased to ₹0.42 lakh from ₹1.91 lakh at the end of the previous year.
Board Decisions
The board approved the audited financial results for the quarter and year ended March 31, 2026. Khandelwal and Mehta LLP, the statutory auditors, issued an unmodified opinion on the audited financial results. However, the auditors included an emphasis of matter paragraph noting that the company has accumulated losses and its net worth has been fully eroded, casting doubt on its ability to continue as a going concern.
Additionally, the board re-designated Smt. Fatima Fernandes (DIN: 00506058) as a Non-Executive Independent Director for a first term of five consecutive years, effective from May 19, 2026, to May 18, 2031. This appointment is subject to the approval of shareholders at the ensuing Annual General Meeting. The 32nd Annual General Meeting is scheduled to be held on August 4, 2026.
Historical Stock Returns for Simplex Papers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.00% | -2.57% | -8.36% | -5.64% | -22.10% | +62,468.27% |
What specific restructuring or revival plan, if any, is Simplex Papers Limited's board considering to address the fully eroded net worth and going concern doubts raised by auditors?
How might the company's negative equity of ₹1,216.85 lakh and mounting current liabilities impact its ability to secure financing or attract potential acquirers in the near term?
Will shareholders at the August 4, 2026 AGM push for a formal insolvency resolution process under the IBC given the company's prolonged zero-revenue operations and accumulated losses?
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