Annual Report for the financial year ending March 31, 2025
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Raama Paper Mills has filed its 40th Annual Report for FY ending March 31, 2025, along with notice for its AGM on September 30, 2025. The company is currently under Corporate Insolvency Resolution Process (CIRP), initiated by NCLT Allahabad on June 7, 2024, after a petition by Amar Ujala Limited under Section 7 of the Insolvency and Bankruptcy Code. Mr. Sandeep Kumar Agrawal was appointed as the Resolution Professional, and the powers of the Board of Directors stand suspended. The AGM agenda includes adoption of financial statements, appointment of auditors, a special resolution for related party transactions, and appointment of a new Secretarial Auditor for a five-year term.
For shareholders, the company remains under insolvency resolution, meaning equity holders face significant uncertainty — the value of shares could be substantially reduced or wiped out depending on the resolution plan approved by creditors. Investors should monitor CIRP developments closely as the outcome will determine the company's future and shareholder returns.