The Resolution professional has filed the approved Resolution plan of Consortium of Ujala Renewables LLP, Amar Ujala Limited and Impressions Printing and Packaging Limited.
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Awaiting price reaction for this filing.
Rama Paper Mills Ltd is currently under the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional has filed the Resolution Plan approved by the Committee of Creditors (CoC) in its ninth meeting before the NCLT Allahabad Bench on 04.05.2025. The plan has been submitted by a consortium of three entities: Ujala Renewables LLP, Amar Ujala Limited, and Impressions Printing & Packaging Limited. This filing marks a key step toward the company's revival and exit from insolvency proceedings.
If the NCLT approves the plan, the company will be taken over by the consortium, potentially reviving operations. However, existing shareholders typically face significant equity dilution or write-down under IBC resolution, so the stock may remain risky.