Mysore Paper Mills Share Price: Q3 Results Mein Bawaal! Auditors Ka 'Not Ongoing Concern' Ka Tension!

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AuthorKavya Nair|Published at:
Mysore Paper Mills Share Price: Q3 Results Mein Bawaal! Auditors Ka 'Not Ongoing Concern' Ka Tension!
Overview

Arre yaar, Mysore Paper Mills (MPM) ne apne Q3 FY**2025-26** ke results late kar diye hain. Company keh rahi hai ki accounts mein kaafi gadbad hai, jo purane audits se judi hui hai. Aur toh aur, auditors ne toh pehle hi is company ko 'not an ongoing concern' bata diya tha, matlab future mein chalegi ya nahi, confirm nahi tha!

📉 Accounts Ka Hungama Aur Operations Band?

Mysore Paper Mills Ltd. (MPM) ne BSE ko bataya hai ki unka Q3 FY2025-26 ka un-audited financial results submit karne mein kaafi der ho gayi hai, jo 15 February 2026 tak aane chahiye the. Company ka kehna hai ki 'significant accounting difficulties' aa rahi hain, jo purane audit issues se judi hui hain.

Sabse badi baat ye hai ki FY 2014-15 mein hi auditors ne keh diya tha ki company 'not an ongoing concern' hai. Simple bhasha mein, iska matlab hai ki auditors ko doubt tha ki company aage chal paayegi ya nahi. Aise mein, accounts ko theek se maintain karna bohot mushkil ho gaya tha, aur current accounts banane mein isliye dikat aa rahi hai, specialy opening balances set karne mein.

Aur toh aur, company ne FY 2015-16 se hi apni main operations band kar di thi, aur manufacturing October 2021 mein poori tarah band ho gayi. Ab bas forest plantation ka kaam chal raha hai, jiske wajah se company ka financial structure hi bilkul badal gaya hai.

Iske upar se, company ke andar bhi problems chal rahi hain. Unke CFO ki COVID-19 se death ho gayi thi, aur us important position ko abhi tak bhara nahi gaya hai. Is sab wajah se financial reporting mein aur bhi problems aa rahi hain.

Ab late ho rahe results ko banane ke liye, MPM ne kaam M/s. Manian & Rao ko outsource kar diya hai. Ye log abhi provisional results banayenge, jinko Board approve karegi aur phir BSE ko submit kiya jayega.

Investors Ke Liye Kya Risk Hai?

Ye der aur uske reasons investors ke liye bohot bada warning sign hain. SEBI ke rules ke mutabik, time par results dena compulsory hai, warna penalties lag sakti hain, trading band ho sakti hai, ya company ko delist bhi kiya ja sakta hai. Purane audit issues, 'not an ongoing concern' wali baat, band operations aur leadership ki kami – ye sab milkar dikha raha hai ki company financial aur governance ke matter mein bohot mushkil mein hai. Provisional results ko bhi outsource karna, internal control ki kamzori ko batata hai. Investors ko ab aage aur bhi financial clarity nahi milne ka risk hai, shareholder value kam ho sakta hai, aur zyada regulatory scrutiny bhi ho sakti hai. Abhi toh bas intezaar hai ki kab yeh results aate hain aur company ki asal financial condition pata chalti hai.

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