Shree Rama Newsprint Redeems First Installment of Zero-Coupon Debentures Worth Rs. 14.125 Crore
Shree Rama Newsprint & Papers has redeemed the first installment of its unlisted, secured, zero-coupon, non-convertible debentures (ZCDs) issued to Bank of India and Punjab National Bank. The company paid a total of Rs. 14.125 crore, with Rs. 7.88 crore to Bank of India and Rs. 6.25 crore to Punjab National Bank. This redemption is part of a Joint Lender Forum (JLF) approved plan, with two more equal annual installments scheduled over the next two years. The company has informed stock exchanges about this partial redemption in compliance with SEBI regulations.
25Feb 25
Shree Rama Newsprint: Penny Stock Soars 125% in a Month Despite Widening Losses
Shree Rama Newsprint, a penny stock trading under ₹50, has seen a 125% surge in the past month, reaching a 52-week high of ₹36.40. However, the company's Q3 FY25 financial results show a widened net loss of ₹80.65 crore, compared to ₹10.09 crore in Q3 FY24. Revenue also declined by 6.22% year-over-year to ₹12.43 crore. The stock's rally paused on Tuesday with a 5% lower circuit at ₹34.57 on the BSE.