Pursuant to Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit outcome of meeting of Board ....
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The Board approved the unaudited standalone and consolidated financial results for Q1FY26 (quarter ended June 30, 2025). Standalone total income surged to Rs. 17,497.42 lakhs from Rs. 3,147.27 lakhs in Q1FY25, driven largely by a sharp rise in trading business revenue (Rs. 14,122.57 lakhs vs Rs. 288.91 lakhs). However, standalone profit after tax declined to Rs. 1,831.61 lakhs from Rs. 3,411.94 lakhs. Consolidated profit after tax (from continuing operations) dropped to Rs. 959.68 lakhs. The auditor flagged an 'Emphasis of Matter' on a Rs. 308 lakh income tax contingent liability and noted a further Rs. 6,956.48 lakhs impairment in the discontinued Paper Division. The Board also approved re-appointment of the Managing Director, Whole-Time Director and an Independent Director, appointment of new Internal and Secretarial Auditors, the 34th AGM on September 25, 2025, and a Rs. 50 crore related-party loan facility to subsidiary Shree Rama Newsprint Limited.
Despite a dramatic jump in revenue, profitability fell sharply, indicating thin trading margins. The continued drag from the discontinued Paper Division (large impairments) and an unresolved tax dispute worth Rs. 308 lakhs remain overhangs. Shareholders should watch margin trends, the outcome of the August 19, 2025 SEBI hearings, and the approved related-party loan to the subsidiary, which increases inter-company exposure.