Shree Rama Newsprint Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Shree Rama Newsprint reported Q1 FY26 revenue from operations of Rs. 917.29 lakhs, a sharp decline from Rs. 4,413.21 lakhs in Q1 FY25, and posted a total comprehensive loss of Rs. 1,029.69 lakhs for the quarter. Continuing operations alone lost Rs. 664.43 lakhs. The auditor (Batliboi & Purohit) flagged a material going concern uncertainty, noting current liabilities exceed current assets by Rs. 7,620.82 lakhs and management plans to rely on disposal of non-core assets. The auditor also added an Emphasis of Matter on the Paper Division (discontinued operations), where a further impairment of Rs. 6,956.48 lakhs was recognized. The board approved material related party transactions: a loan/guarantee of up to Rs. 50 crores from its holding company Riddhi Siddhi Gluco Biols Ltd, and sale of plant and machinery worth up to Rs. 20 crores to Bluecraft Agro Pvt Ltd. Mr. Siddharth Chowdhary was re-appointed as Whole-Time Director for three years, and new secretarial and internal auditors were appointed. The 34th AGM is scheduled for September 25, 2025.
This is a significant negative for shareholders. The going concern flag, steep revenue drop, and continued losses signal serious financial stress; reliance on related-party funding and asset sales to stay afloat adds further risk. Expect negative sentiment on the stock, though successful asset monetization could provide some relief.