Agio Paper & Industries News

Agio Paper Industries Reports Quarterly Loss Amid Suspended Operations

Agio Paper Industries Limited submitted unaudited financial results for the quarter and half year ended September 30, 2025, showing continued losses with operations at its Bilaspur paper factory suspended since October 6, 2010 due to pollution control issues. The company has disposed of substantial plant and machinery, impaired capital work in progress by 75% amounting to Rs. 1,627.58 lakhs, and maintains going concern basis based on financial support from a promoter company.

Agio Paper & Industries Shareholders Approve Re-appointment of Directors and Secretarial Auditor

Agio Paper & Industries Ltd shareholders approved multiple re-appointments at their Annual General Meeting held on September 25, 2025. The approvals included re-appointment of Mr. Ankit Jalan as director who was retiring by rotation. Three Non-Executive Independent Directors were re-appointed for second terms of five years each from September 25, 2025 to September 25, 2030: Mr. Suraj Narayan Jaiswal (29 years, entrepreneurial expertise), Mr. Umesh Kumar Dhanuka (60 years, entrepreneurial and operational skills), and Ms. Mohini Agarwal (65 years, over 20 years business experience in managerial and administrative matters). Additionally, M/s. Kirti Sharma & Associates was appointed as Secretarial Auditor for five consecutive years from Financial Year 2025-26 to 2029-30. The firm is led by CS Kirti Sharma with over 9 years post-qualification experience in secretarial and legal matters, holding expertise in public issues, compliance, audits, and corporate governance across various regulatory frameworks.

Agio Paper & Industries Reports ₹45.71 Lakh Net Loss for Q1 FY2026

Agio Paper & Industries Limited reported a net loss of ₹45.71 lakh for the quarter ended June 30, 2025, compared to a net loss of ₹42.57 lakh in the previous quarter. Revenue declined to ₹0.35 lakh from ₹0.48 lakh quarter-on-quarter. The company's paper factory operations at Bilaspur remain suspended since October 2010 due to pollution control issues. The company has disposed of its entire plant and machinery and substantial portion of capital work in progress during previous years. Management is considering various alternative business plans to utilize remaining property, plant and equipment. The company maintains going concern basis based on financial support commitment from promoter company. Auditors noted material uncertainty about the company's ability to continue as a going concern due to suspended operations and asset disposals.