Shree Rama Newsprint Limited announced the outcome of its Board Meeting held on February 7, 2026. The Board approved the Unaudited Financial Results for the Quarter ended December 31, 2025. The meeting commenced at 11:15 AM and concluded at 12:00 Noon. Furthermore, following the recommendation of the Nomination and Remuneration Committee, the Board appointed Mr. Harhsadbhai Baldebvbhai Patel (DIN: 01823595) as an Additional Director in the category of Non-Executive Independent Director. This appointment is effective from February 7, 2026, for an initial term of five years, concluding on February 6, 2031, subject to the approval of the company's members through a postal ballot. The company's financial results for the quarter ended December 31, 2025, indicate a loss before tax from continuing operations of ₹796.18 lakhs, and a loss before tax from discontinued operations of ₹218.48 lakhs. The total comprehensive income for the period was a loss of ₹1,016.50 lakhs. For the nine months ended December 31, 2025, the total comprehensive loss was ₹3,065.01 lakhs. The auditors' report highlights a material uncertainty regarding the company's ability to continue as a going concern due to current liabilities exceeding current assets by ₹11,675.13 lakhs, although the company plans to dispose of non-core assets to improve its financial position. An impairment loss of ₹6,956.48 lakhs was recognized during the quarter ended December 31, 2024, related to the discontinued Paper Division. The company does not foresee any further impairment in this regard.
