The Audited Financial Results of the Company for the last quarter and year ended March 31, 2026
Awaiting price reaction for this filing.
Shree Rajeshwaranand Paper Mills reported zero revenue from operations for both Q4 and the full year ended March 2026. Total income was only ₹0.02 lakh (other income). The company posted a net loss of ₹30.46 lakh for FY26, a massive improvement from a loss of ₹7,237.38 lakh in the prior year, primarily due to near-zero operational expenses this year versus ₹1,242.61 lakh in FY25. The balance sheet shows negative equity of ₹3,635.80 lakh (net worth: -₹36.36 crore), consistent with a company emerging from an IBC Resolution Plan. Outstanding qualified borrowings were nil as of March 2026, down from ₹28.51 lakh on April 1, 2025. The company is still completing statutory approvals for share allotment under the approved Resolution Plan, with the share count reduced to 6.57 lakh shares following capital restructuring.
The company is essentially non-operational with zero revenue and negative net worth. While losses have dramatically reduced year-on-year, the auditor's qualified opinion and going concern disclosures signal significant financial distress. Shareholders face extreme risk as the stock remains suspended pending trading approval from BSE.