The Board Meeting to be held on 30/05/2025 Stands Cancelled.
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Awaiting price reaction for this filing.
Raama Paper Mills Limited, which is currently under Corporate Insolvency Resolution Process (CIRP), has informed the stock exchange that its Board Meeting originally scheduled for May 30, 2025 at 3:00 PM has been adjourned sine die, meaning it is postponed indefinitely with no new date fixed yet. The meeting was expected to consider and approve the Audited Financial Results for the financial year ended March 31, 2025. A revised date, time and venue for the Board Meeting will be communicated by the Company once decided. Additionally, the trading window for directors, officers and designated employees will remain closed until 48 hours after the audited results are officially announced. Note: the BSE headline says 'cancelled' but the filing itself describes the meeting as 'adjourned'.
Shareholders face further delay in receiving the company's audited FY25 results, which is negative for transparency. Combined with the ongoing CIRP status, this adds to uncertainty around governance and the company's financial health.