Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Board of Directors of the Company has fixed Thursday, ....
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The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone total income surged to ₹17,497.42 lakhs from ₹3,147.27 lakhs a year ago, driven mainly by the trading segment which jumped to ₹14,122.57 lakhs from ₹1,072.17 lakhs. However, standalone PAT fell sharply to ₹1,831.61 lakhs (from ₹3,411.94 lakhs) because other income dropped to ₹2,954 lakhs from ₹9,138 lakhs. The Board re-appointed Mr. Ganpatraj Chowdhary as Managing Director and Mr. Siddharth Chowdhary as Whole-Time Director for three years (Oct 2025–Sep 2028), re-appointed Mr. Mahendra Kumar Bhandari as Independent Director for five years, and appointed a new Secretarial Auditor (5-year term) and Internal Auditor for FY26. The 34th AGM is scheduled for September 25, 2025, with September 18, 2025 fixed as the record date for the final dividend. Shareholders' approval is being sought for a material related party transaction of up to ₹50 crore with subsidiary Shree Rama Newsprint Limited (SRNL).
Mixed signals for shareholders: while the top line exploded thanks to the trading business, profits actually declined because of lower investment income and elevated expenses — margins clearly compressed. Investors should watch the discontinued Paper Division at SRNL, where an additional impairment of ₹6,956.48 lakhs was booked and ₹308 lakhs in tax matters remain a contingent liability. The ₹50 crore inter-corporate loan to SRNL is a sizable related-party outflow. Overall, the Q1 performance is weak on profitability despite the headline revenue jump, and pending SEBI litigation on minimum public shareholding remains an overhang.