Shree Rama Newsprint Limited has secured a favorable ruling in its appeal against an order passed by Collector Surat, with the Appellate Authority quashing the disputed order and remanding the matter for fresh consideration.

Appellate Authority Ruling

The Special Secretary (Disputes), Government of Gujarat, serving as the Appellate Authority, issued an order dated 06.02.2026 that was received by the company on 09.02.2026. The ruling quashed the impugned order dated 01.05.2025 passed by Collector Surat and ordered the matter to be remanded back to the Collector for reconsideration.

Background of the Dispute

The company had challenged the order dated 01.05.2025 passed by Collector Surat before the Hon'ble Secretary (Dispute) Revenue Department, Government of Gujarat. This appeal was filed in continuation of the company's earlier communications to the stock exchanges dated 11.11.2025, 16.07.2025, and 16.05.2025, indicating an ongoing legal matter.

Regulatory Compliance

Shree Rama Newsprint Limited has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under sub-para 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations.

Impact Assessment

According to the regulatory filing, the company has indicated that there are no specific violations or contraventions committed or alleged to be committed in this matter. Additionally, the company has stated that there is no quantifiable impact on its financial, operational, or other activities in monetary terms at this stage.

The favorable appellate ruling represents a positive development for the newsprint manufacturer, as it successfully challenged the Collector's original order and secured a remand for fresh consideration of the matter.

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.