The Audited Financial Results of the Company for the last quarter & year ended March 31, 2026
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Shree Rajeshwaranand Paper Mills Ltd reported zero revenue from operations for FY2026, with total income of just Rs. 0.02 lakh compared to Rs. 13.55 lakh in FY2025. The company posted a net loss of Rs. 30.46 lakh, significantly improved from a loss of Rs. 7,237.38 lakh in the previous year. The balance sheet shows severe capital erosion with negative net worth of Rs. -36.36 crore and negative total equity of Rs. -3,605.34 lakh. The company is under an IBC Resolution Plan approved by NCLT, with share capital restructuring in progress involving cancellation and re-allotment of equity shares. Outstanding qualified borrowings were reduced from Rs. 28.51 lakh to nil during the year.
The company remains a going concern concern despite improvement in losses, with negative equity and zero operating revenue indicating it is in early revival stage under insolvency proceedings. Shareholders face extreme risk as the company awaits regulatory approvals to complete its capital restructuring and resume trading.