Rama Paper Mills Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2026 ,inter alia, to consider and approve Un-audited Financial Results ....
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Awaiting price reaction for this filing.
Rama Paper Mills Ltd has scheduled a Board of Directors meeting on February 13, 2026 to consider and approve the Un-Audited Financial Results for the quarter ended December 31, 2025. Importantly, the meeting is being convened by the Resolution Professional (RP) — not by the company's own board — because the powers of the Board of Directors were suspended under an order dated June 7, 2024. This means the company remains under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, and the RP is exercising board powers under Section 17 of the IBC. The trading window for insiders has been closed with immediate effect and will reopen 48 hours after the results are announced.
This filing signals that the company is still under insolvency resolution, which is a significant risk for shareholders — equity holders typically face uncertainty about recovery value under IBC proceedings. The upcoming results will be the first set of financials under the RP's stewardship, and investors should watch closely for any updates on the resolution plan and the company's operational status.