Shree Rama Newsprint Limited — Important, 28-02-2025: General Updates

Shree Rama Newsprint Limited is proceeding with the disposal of equipment from its paper division, totaling INR 45 Cr, expected to be completed by March 31, 2025. In the last financial year, the paper division contributed approximately 3.22% to the company's total revenue, generating a turnover of INR 1.57 Cr and an additional income of INR 1.19 Cr, which represented about 47.80% of the company's total other income. The buyer, N R Agarwal Industries Ltd, is not affiliated with the promoter group. The company received shareholder approval for this sale, with 99.56% of votes in favor, complying with the necessary regulatory requirements. This move may offer liquidity opportunities but should be monitored for its overall impact on the company's financial health and future operations.