Shree Rama Newsprint Limited announced the disposal of certain equipment from its paper division on a piecemeal basis.

The paper division contributed 1.87% to the company's total revenue/turnover in the financial year ended March 31, 2025, amounting to ₹84.13 Lakhs. Other income from the division was ₹327.78 Lakhs, representing 41.27% of the company's total other income.

The agreement for the sale was entered into on January 13, 2026, with an expected completion date of March 31, 2026. The aggregate consideration for the sale is ₹2.00 Crores plus applicable GST.

The buyer is Bluecraft Agro Private Limited. Notably, Mr. Siddharth Chowdhary, a Whole-Time Director of Shree Rama Newsprint Limited, is also a director and shareholder of Bluecraft Agro Private Limited, making this a related party transaction conducted on an arm's length basis.

This disposal is outside the Scheme of Arrangement, and the company has complied with Regulation 37A of SEBI (LODR) Regulations, having obtained necessary shareholder approval on September 26, 2023, with public shareholders overwhelmingly voting in favor of the resolution.