Rama Paper Mills Limited has announced a board meeting to review its third-quarter financial performance for FY26. The company issued a formal notice on February 6, 2026, informing stakeholders about the upcoming board deliberations scheduled for February 13, 2026.

Board Meeting Details

The board meeting is scheduled to convene on Friday, February 13, 2026, at 04:00 P.M. at the company's Corporate Office located at 307, Rattan Jyoti Building, 18, Rajendra Place, New Delhi-110008. The meeting has been organized in compliance with Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Agenda

The board will primarily focus on considering and approving the unaudited financial results for the quarter ended December 31, 2025. The agenda also includes provisions for any other matters as permitted by the Chair during the proceedings.

Trading Window Restrictions

In accordance with the company's Code of Conduct for prevention of Insider Trading, Raama Paper Mills Limited has implemented immediate trading window restrictions. The trading window for dealing in securities of the company has been closed for all directors, officers, and designated employees with immediate effect. The restriction will remain in place until 48 hours after the announcement of the unaudited financial results for the quarter ended December 31, 2025.

Resolution Professional Authority

The meeting is being convened under special circumstances, as noted in the company's notice. Following an order dated June 7, 2024, and in line with the provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors have been suspended. The Resolution Professional is exercising the powers of the Board of Directors as vested under Section 17 of the Insolvency and Bankruptcy Code, 2016, and is convening this meeting to discharge these responsibilities to the limited extent permitted.

Company Information

Raama Paper Mills Limited, formerly known as Rama Paper Mills Limited, operates in the paper and board manufacturing sector. The company maintains its registered office and works at 4th km Stone, Najibabad Road, Kiratpur-246731, District Bijnor, Uttar Pradesh, while its corporate office is situated in New Delhi. The notice was signed by Himanshu Duggal, Company Secretary, on February 6, 2026.

Raama Paper Mills Limited has released its unaudited financial results for the quarter ended September 30, 2025, showing continued financial challenges as the company operates under Corporate Insolvency Resolution Process (CIRP).

Financial Performance Overview

The company's financial performance for Q2FY26 reflects the ongoing operational difficulties:

Half-Year Performance

For the six months ended September 30, 2025, the company reported:

Corporate Insolvency Resolution Process

The company continues to operate under CIRP following NCLT's order dated June 7, 2024, which appointed an Insolvency Resolution Professional (IRP). Key developments include:

• Board of Directors remains suspended with powers exercised by Resolution Professional Sandeep Kumar Aggarwal
• Committee of Creditors approved a resolution plan on April 16, 2025
• Resolution plan is pending approval by NCLT
• Manufacturing operations suspended during Q1FY26, with revenue primarily from scrap/raw material sales

Financial Position and Going Concern

As of September 30, 2025, the company faces severe financial distress:

The auditors have expressed material uncertainty regarding the company's ability to continue as a going concern, noting that survival depends on approval and implementation of the resolution plan.

Operational Challenges

Several operational issues persist:

• No physical verification of inventory conducted during April-September 2025
• Interest of ₹718.51 cr on secured inter-corporate deposits not provided since IRP appointment
• Non-compliance with MSME disclosure requirements
• Manufacturing operations remain suspended

The company operates in the paper manufacturing sector as a single reportable segment and continues to work toward resolution under the insolvency framework.