The Board of Directors of Shree Rama Newsprint Limited ("Company") in its meeting held on 25.05.2026 has approved appointment of Mr. Alok Jain (DIN: 06950769) as Additional Non-Executive ....
RAMANEWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Rama Newsprint's Board meeting on May 25, 2026 approved two key items. First, Mr. Alok Jain (DIN: 06950769), a 32-year veteran with academic and corporate experience including IIM Ahmedabad, was appointed as an Additional Non-Executive Independent Director for a 5-year term (till May 24, 2031), subject to shareholder approval via postal ballot. Second, audited financials for FY2026 show total income of Rs. 3,963.43 lakhs (vs Rs. 4,879.59 lakhs in FY2025) and a net loss of Rs. 3,791.21 lakhs, though an improvement from the prior year's Rs. 10,628.69 lakh loss. The company recognised a further Rs. 2,784.33 lakh impairment on assets of the discontinued Paper Division, which is being sold piecemeal. Auditors gave an unmodified opinion but flagged a material going-concern uncertainty — current liabilities exceed current assets by Rs. 12,152.60 lakhs — while the company says disposal of non-core assets will help improve its position.
The appointment of an experienced independent director signals a governance refresh, but the stock faces severe pressure from massive accumulated losses, ongoing going-concern doubts, and a shrinking topline — investors should monitor the asset disposal plan closely.