Shree Rama Newsprint Limited has informed the Exchange regarding Outcome of Board Meeting held on May 25, 2026.
RAMANEWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Rama Newsprint Limited reported a total comprehensive loss of Rs. 6,853.02 lakhs for FY 2026 (vs Rs. 10,627.76 lakhs loss in FY 2025). Revenue from operations declined to Rs. 3,271.86 lakhs from Rs. 4,413.21 lakhs in the prior year — a ~26% drop. The company's current liabilities exceeded its current assets by Rs. 12,152.60 lakhs, raising serious doubts about going concern. The Paper Division remains a discontinued operation; an additional impairment loss of Rs. 2,784.33 lakhs was recognized on those assets based on a valuer's reassessment. The Board appointed Mr. Alok Jain as an Additional Non-Executive Independent Director. Auditors issued an unmodified opinion but included an Emphasis of Matter highlighting the going concern uncertainty and the impairment on discontinued operations.
The company is financially distressed with a large net loss, negative equity, and negative working capital. The auditor's going concern flag is a serious red flag for investors. Asset disposals are the only near-term recovery plan, but execution risk is high.