Pursuant to Regulation 30 & 33 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit outcome of meeting of Board ....
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Shree Rama Newsprint Ltd reported a total comprehensive loss of Rs 6,853.02 lakhs for FY26. The company incurred a loss of Rs 3,394.94 lakhs from continuing operations (water bottle division) and Rs 3,458.56 lakhs from discontinued Paper Division operations. Revenue from operations declined by 26% to Rs 3,271.86 lakhs from Rs 4,413.21 lakhs in FY25. The auditor issued an unmodified opinion but highlighted a material uncertainty regarding going concern, noting that current liabilities exceed current assets by Rs 12,152.60 lakhs. An additional impairment loss of Rs 2,784.33 lakhs was recognized on Paper Division assets held for sale. The Board appointed Mr. Alok Jain as an Additional Non-Executive Independent Director for a 5-year term.
The company is facing severe financial distress with significant going concern doubts. Shareholders should be cautious as the auditors have flagged material uncertainty about the company's ability to continue as a going concern, and the negative equity of Rs 23,015.02 lakhs indicates heavy accumulated losses.