Shree Rama Newsprint Limited has informed the Exchange about Action(s) taken or orders passed
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Shree Rama Newsprint has received an order from the District Collector of Surat asking the company to surrender 1,21,302 square meters of land in Village Barbodhan, Taluka Olpad, Gujarat. The order, dated May 1, 2025, was received by the company on May 15, 2025, and cites a violation of a Collector order from November 20, 1992 related to the development of Gouchar land for the village. The order mentions the company has a right to appeal before the Secretary (Dispute), Revenue Department, Government of Gujarat. The company has stated that it is legally advised the order is not sustainable in law and will file an appeal at the earliest.
The company claims there is no immediate impact on its financial or operational activities, but the outcome of the appeal could affect the company's land assets. Investors should watch for updates on the appeal and any potential financial implications.