Announced Sat, 18 Jul · 18:09 IST
Raama Paper Mills posts FY26 loss, auditor flags going concern
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Raama Paper Mills posted FY26 net loss of Rs 614.49L, narrowing from Rs 1,644.35L loss in FY25. Revenue crashed 81% to Rs 125.85L from Rs 665.13L. Auditor issued a qualified opinion and flagged material going concern uncertainty, citing negative net worth of Rs 5,115.48L, accumulated losses of Rs 7,249.26L, and liabilities exceeding assets by Rs 3,512.05L. Firm is under CIRP since June 2024; new resolution plan awaits NCLT approval.
Likely market impact
Company under insolvency resolution. Steep revenue fall, deep losses, and negative net worth raise serious survival doubts for shareholders.