Pursuant to Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), 2015, we hereby submit Audited Financial Results of Shree Rama ....
RAMANEWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Rama Newsprint Ltd reported a massive loss with total comprehensive loss of Rs 6,853.02 lakhs for FY2026 (vs Rs 10,627.76 lakhs loss in FY2025). Revenue from continuing operations declined significantly to Rs 3,271.86 lakhs from Rs 4,413.21 lakhs in the previous year, representing a 25.8% revenue decline. The company operates only its water bottle division after discontinuing the Paper Division, which continues to incur losses. An additional impairment loss of Rs 2,784.33 lakhs was recognized on Paper Division assets. The auditor highlighted a material uncertainty about going concern as current liabilities exceed current assets by Rs 12,152.60 lakhs, though the audit opinion remains unmodified. The board also appointed Mr. Alok Jain as an Additional Independent Director.
The company is in severe financial distress with mounting losses, negative equity of Rs 23,015.02 lakhs, and auditor warnings about its ability to continue as a going concern. The stock faces significant risk due to the deteriorating financial position and ongoing asset disposal challenges.