Shree Rama Newsprint & Papers has scheduled its 35th Annual General Meeting for September 25, 2026. The event will be conducted via Video Conferencing or Other Audio Visual Means.

The meeting aims to transact ordinary business items critical to the company's governance and financial reporting for the recent fiscal year.

Key Agenda Items

Shareholders will vote on the following resolutions:

• Adoption of the Audited Financial Statements for the Financial Year ended March 31, 2026, along with the Directors' and Auditors' Reports.
• Reappointment of Mr. Ganpatraj Chowdhary (DIN: 00344816) as a Director. He retires by rotation under Section 152(6) of the Companies Act, 2013 and is eligible for re-election.

Voting and Participation Details

The company has fixed September 18, 2026 as the record date for determining voting eligibility. Members can participate through remote e-voting or by joining the virtual meeting.

National Securities Depository Limited (NSDL) facilitates the e-voting process. Mr. Kinjal Shah, a Practicing Company Secretary, serves as the Scrutinizer for the voting procedure.

Member Instructions

Individual shareholders holding securities in demat mode can log in using their DP ID and Client ID via NSDL or CDSL platforms. Physical shareholders must use their EVEN number and Folio Number. Corporate members are required to submit board resolutions authorizing representatives to vote.

Members unable to retrieve login credentials can use the 'Forgot User ID/Password' option on the NSDL e-voting website. Questions for the Chairman must be submitted at least three days before the meeting date.

Shree Rama Newsprint & Papers Ltd reported a consolidated loss of ₹1,049.9 lakh for the quarter ended June 30, 2026, widening slightly from ₹1,027.8 lakh in the corresponding period of FY26. The company’s Board of Directors approved the unaudited financial results on August 13, 2026, alongside the Director’s Report for FY26.

Financial Performance

Revenue from operations for continuing operations stood at ₹972.2 lakh, up from ₹917.3 lakh in Q1FY26. Total income reached ₹1,138.8 lakh, supported by other income of ₹166.7 lakh. However, total expenses surged to ₹2,077 lakh, driven primarily by finance costs of ₹919.5 lakh, which remained elevated compared to ₹904.8 lakh in the prior year quarter.

The company incurred a loss before tax from continuing operations of ₹938.2 lakh. Discontinued operations, relating to the Paper Division classified as such in FY23, contributed a further loss of ₹111.7 lakh. No tax expense was recognized due to accumulated losses and uncertainty regarding future taxable profits.

What the Numbers Show

Finance costs constitute 80.8% of total expenses for the quarter, highlighting a severe dependency on debt servicing relative to operational scale. With revenue from operations at ₹972.2 lakh and finance costs at ₹919.5 lakh, the core operating margin is effectively eroded by interest obligations, leaving minimal buffer for other operational expenditures such as raw materials (₹624.8 lakh) and employee benefits (₹29.8 lakh).

Auditor Concerns and Corporate Actions

Statutory auditors Batliboi & Purohit issued an unmodified conclusion but included a "Material Uncertainty Related to Going Concern" paragraph. They noted that current liabilities pertaining to continuing operations exceeded current assets by ₹12,626 lakh. The financial statements have been prepared on a going-concern basis, contingent on management’s plan to dispose of non-core assets and explore funding options.

Additionally, the auditors emphasized that during FY26, the company recognized a further impairment loss of ₹2,784.3 lakh on assets held for sale within the discontinued Paper Division. Management stated it does not foresee further impairment in this regard.

In other developments, the Board appointed M/s. A. H. Jain & Co., Chartered Accountants, as Internal Auditor for FY27. The company also scheduled its 35th Annual General Meeting for September 25, 2026, with September 18, 2026, as the cut-off date for remote e-voting.