Shree Rama Newsprint Limited has informed the Exchange about General Updates
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Shree Rama Newsprint Limited is selling off some plant and machinery equipment from its paper division on a piecemeal basis, with deals dated June 11, 2025. The paper division contributed just Rs. 84.13 Lakhs in revenue (only 1.87% of the company's total turnover) for FY ending March 2025, though it accounted for 41.27% of other income. The expected aggregate consideration is Rs. 5.91 Crore plus GST, with completion targeted by September 30, 2025. Buyers include Genus Paper & Boards Ltd., Vizen Solutions, and Star Enterprise, and the transaction is not a related party deal. The company had obtained shareholder approval back in September 2023 under Section 180(1)(a) of the Companies Act for such disposals. The company has a negative net worth of Rs. 14.10 Crore as of March 2025.
This is a small, non-core asset sale from a division contributing under 2% of revenue, so the financial impact is limited. However, combined with the negative net worth, it signals the company is gradually winding down or restructuring its paper operations, which shareholders should monitor closely.