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 A.M. and concluded at 12:00 Noon. In a significant development, the Board of Directors, upon the recommendation of the Nomination and Remuneration Committee, appointed Mr. Harshadbhai 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 consecutive years, concluding on February 6, 2031, subject to the approval of the company's members through a postal ballot. Mr. Patel holds a Bachelor of Commerce degree and possesses extensive experience in accounting and banking services, having worked in a co-operative bank. His expertise includes financial operations, banking procedures, and customer handling. The unaudited financial results for the quarter ended December 31, 2025, show a total income of ₹1,050.24 lakhs and total expenses of ₹1,846.42 lakhs, resulting in a loss before tax from continuing operations of ₹796.18 lakhs. The profit/loss for the period from discontinued operations was ₹218.48 lakhs, leading to a total comprehensive income of ₹1,016.50 lakhs for the quarter. For the nine months ended December 31, 2025, the company reported a total income of ₹2,966.96 lakhs and total expenses of ₹5,369.22 lakhs, with a loss before tax from continuing operations of ₹2,402.26 lakhs. The loss from discontinued operations for this period was ₹660.03 lakhs, resulting in a total comprehensive loss of ₹3,065.01 lakhs. The company's current liabilities exceeded its current assets by ₹11,675.13 lakhs as of December 31, 2025, indicating a material uncertainty regarding its ability to continue as a going concern. The financial statements are prepared on a going-concern basis, supported by plans for the disposal of non-core assets. The auditors' report highlights a further impairment loss of ₹6,956.48 lakhs recognized during the quarter ended December 31, 2024, related to the disposal of assets from the discontinued Paper Division.
