Soma Papers & Industries Ltd — Board Meeting, 29-05-2025: Board Meeting

Soma Papers and Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported a net loss for the year, with a loss of ₹19.44 lakh and a negative EPS of ₹1.39. Total income primarily consisted of other income at ₹21.53 lakh, while total expenses stood at ₹57.39 lakh. The company’s auditors issued an unmodified opinion on the results. New internal auditors, M/s Pavan Reddy & Associates, and secretarial auditors, M/s Vivek Surana & Associates, have been appointed for FY 2025-26. The balance sheet shows borrowings increased to ₹23 lakh from ₹5 lakh, with total assets stable around ₹28.55 lakh. Cash and cash equivalents declined to ₹19.08 lakh from ₹28.16 lakh. This update highlights ongoing operational challenges and a need for financial prudence.