Shree Rama Newsprint Limited — Important, 05-02-2025: Disclosure of material issue

The Board of Directors of Shree Rama Newsprint Limited has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Total income for the period stood at ₹1,369.67 crore, while total expenses were ₹2,065.65 crore, resulting in a loss before tax of ₹695.98 crore. During this period, the company recognized an additional impairment loss of ₹69.56 crore related to discontinued operations, attributed to ongoing asset disposals from its Paper Division, which has significantly impacted financial performance.

Additionally, the Company Secretary, Mr. Sharad Jain, has resigned, citing regulatory changes that affect his role in holding companies. This leadership transition could influence the company's governance structure moving forward. Investors should monitor how these financial results and management changes will affect Shree Rama’s operational strategy and market position in the coming quarters.