Shree Rama Newsprint & Papers has announced the cessation of Mr. Kanhayalal Chandak as Independent Director following the completion of his tenure. The company informed BSE Limited and National Stock Exchange of India Limited about this board change through a regulatory disclosure dated February 8, 2026.

Director Cessation Details

Mr. Kanhayalal Chandak (DIN: 00013487) ceased to be a Director of the Company with effect from the close of business hours on February 8, 2026. The cessation occurred due to completion of his second and final term as an Independent Director of the Company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The company provided detailed information as required under the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026.

Board Acknowledgment

The Board of Directors and the management of the Company placed on record their sincere appreciation and gratitude to Mr. Kanhayalal Chandak for his valuable guidance and significant contributions during his tenure with the Company. The disclosure was signed by Company Secretary Shubham Ajmera (Membership No.: A76790) on behalf of Shree Rama Newsprint Limited.

Shree Rama Newsprint Limited has announced its quarterly financial results for Q3FY26 ended December 31, 2025, reporting significant losses alongside key corporate governance developments. The company also appointed a new independent director while continuing its asset disposal strategy.

Q3FY26 Financial Performance

The company's continuing operations showed challenging performance metrics for the quarter ended December 31, 2025:

Nine Months Performance Overview

For the nine months ended December 31, 2025, the company's financial position reflects continued operational challenges:

Board Appointments and Corporate Governance

The Board of Directors appointed Mr. Harshadbhai Baldevbhaji Patel (DIN: 01823595) as Additional Director in the category of Non-Executive Independent Director effective February 7, 2026. The appointment details are:

Mr. Patel brings extensive experience in accounting and banking services, having worked in cooperative banking with strong expertise in financial operations and compliance.

Paper Division Asset Disposal Strategy

The company continues its systematic disposal of paper division assets, which were classified as discontinued operations. The paper division assets are being disposed on a piecemeal basis for better value realization.

Going Concern and Material Uncertainty

The auditors highlighted material uncertainty regarding the company's ability to continue as a going concern. The company's current liabilities exceed current assets by Rs.11,675.13 lakhs, with total comprehensive losses of Rs.3,065.01 lakhs for nine months. Management remains committed to disposing non-core assets and exploring funding options to strengthen working capital position.