Shree Rama Newsprint Limited — Board Meeting, 12-08-2025: Outcome of Board Meeting
12-08-2025 | 06:10 pm
12-08-2025 | 06:10 pm
Shree Rama Newsprint's Board has approved Q1 financial results, reporting a total comprehensive loss of ₹10.30 crore for the quarter. The company continues to face a material uncertainty regarding its ability to continue as a going concern, as liabilities significantly exceed assets.
The board also approved the re-appointment of Mr. Siddharth Chowdhary as Whole-Time Director for three years, pending shareholder approval. Strategic decisions include potential loan/guarantee up to ₹50 crore from the holding company and disposal of plant and machinery worth up to ₹20 crore, both subject to shareholder nod. These moves aim to strengthen the company's financial position.
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