Shree Rama Newsprint Limited Announces Board Outcomes and Audited Financial Results for March 2026
Shree Rama Newsprint Limited announced the outcome of its Board Meeting held on May 25, 2026, releasing the audited financial results for the quarter and financial year ended March 31, 2026. The company also detailed the appointment of a new director.The Board of Directors reviewed and approved the audited financial results for the quarter and financial year ending March 31, 2026.
Governance Update: New Director Appointment
The Board of Directors recommended the appointment of Mr. Alok Jain (DIN: 06950769) as an Additional Director in the category of Non-Executive Independent Director. This appointment is effective from May 25, 2026, and will serve for a first term of five consecutive years, lasting until May 24, 2031, pending approval by the members of the company.Mr. Alok Jain is described as a highly accomplished professional with over 32 years of cross-functional experience across corporate and academic sectors. His academic credentials include a Ph.D. in Management, an M.B.A. in Marketing and Personnel, and an M.A in English Literature. Notably, he was the Founding GM of the PGPX program at IIM Ahmedabad, which rapidly rose to a global 11th rank in the Financial Times MBA rankings within five years. During his tenure at IIMA, he also collaborated with the former President of India, Dr. APJ Abdul Kalam. He is noted to be not related to any other directors of the company.
Financial Results for March 2026
The company presented its audited financial results for the quarter and financial year ended March 31, 2026.Key financial highlights for the year ended March 31, 2026, include:
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Total Income | 3,963.43 | 4,879.59 |
| Total Expenses | 7,358.37 | 7,740.98 |
| Profit/(Loss) after tax from continuing operations | (3,394.94) | (2,861.39) |
| Profit/ (Loss) for the year from discontinued Operations | (3,458.56) | (7,767.30) |
| Total comprehensive Income for the period/ Year | (6,853.02) | (10,627.76) |
| Total Assets | 46,460.88 | 51,474.23 |
Balance Sheet Snapshot (As at March 31, 2026):
The company reported total assets of 46,460.88 Lakhs as of March 31, 2026, compared to 51,474.23 Lakhs the previous year.
| Category | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Total Non-Current Assets | 33,904.77 | 34,266.08 |
| Total Current Assets | 12,556.11 | 17,208.15 |
| Total Assets | 46,460.88 | 51,474.23 |
| Total Equity | (8,262.82) | (1,409.80) |
| Total Non-Current Liabilities | 35,021.83 | 35,026.47 |
| Total Current Liabilities | 19,701.87 | 17,857.56 |
| Total Equity and Liabilities | 46,460.88 | 51,474.23 |
Operations and Discontinued Assets
The financial reports indicate that the Paper Division was classified as a discontinued operation during the financial year 2022-23. Assets and liabilities related to this division are presented separately as discontinued operations. The company is committed to the disposal of the remaining assets of the Paper Division on a piecemeal basis.During the quarter and year ended March 31, 2026, the company reassessed the fair valuation of assets forming part of the discontinued operations, recognizing a further impairment loss of 2,784.33 Lakhs.
Cash Flow Analysis
Analysis of cash flow for the year ended March 31, 2026, showed a net cash usage of 108.53 Lakhs from Operating Activities (A). The net cash flow from investing activities (B) was 2,051.53 Lakhs, driven primarily by proceeds from the Sale of Assets (2,064.67 Lakhs). The net cash flow from financing activities (C) usage was 1,848.80 Lakhs.The resulting increase in cash and cash equivalents for the year was 94.20 Lakhs, bringing the ending cash and cash equivalents balance to 99.27 Lakhs.
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Note: The audited financial results for the quarter and year ended March 31, 2026, were approved by the Board of Directors. The company disclosed a material uncertainty regarding its ability to continue as a going concern, as current liabilities (pertaining to continuing operations) exceeded current assets (pertaining to continuing operations) by 12,152.60 Lakhs as of March 31, 2026.
RAMANEWS Stock Price Movement
Shree Rama Newsprint Limited shares are edging higher to ₹29.3 as of 12:22 PM today, rallying on a 1.10% gain. The stock trades with a volume of 8,522 shares, maintaining strong momentum between the day's low of ₹28.55 and high of ₹29.99.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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