Agio Paper & Industries Reports ₹45.71 Lakh Net Loss in Q1 Amid Ongoing Operational Challenges
Agio Paper & Industries Limited reported a net loss of ₹45.71 lakh for Q1, with revenue from operations at ₹0.35 lakh. The company's paper factory operations in Bilaspur have been suspended since 2010 due to pollution control issues. Despite asset disposals, management maintains the company as a going concern, supported by a promoter's financial backing and plans to utilize remaining assets. Auditors have noted uncertainty about the company's ability to continue as a going concern.