Shree Rama Newsprint Limited Posts Unaudited Results for Q ended June 30, 2026; Announces Auditor Appointment
Shree Rama Newsprint Limited has announced the unaudited financial results for the quarter ending June 30, 2026. The company's Board of Directors approved these results during a meeting held on August 13, 2026. Furthermore, the board approved the appointment of M/s. A. H. Jain & Co., Chartered Accountants, as Internal Auditor for the Financial Year 2026-27.The company has also set its 35th Annual General Meeting (AGM) for Friday, September 25, 2026, and fixed September 18, 2026, as the cut-off date for remote e-voting related to the business being transacted at the AGM.
Financial Performance Overview
The unaudited financial results for the quarter ended June 30, 2026, reflect a total income of 1,138.83 lakhs and total expenses of 2,077.01 lakhs. The company reported a loss after tax from continuing operations amounting to (938.18) lakhs for the quarter.The results also highlight ongoing challenges related to discontinued operations. Under Ind AS 105 and related standards, the management recognized a further impairment loss of Rs. 2,784.33 lakhs concerning the Paper Division, which was classified as a discontinued operation in FY 2022-23.
Financial Highlights (in Lakhs)
The following table provides a detailed comparison of key financial metrics for Shree Rama Newsprint Limited across multiple periods:| Particulars | Quarter ended June 30, 2026 (Unaudited) | Quarter ended March 31, 2026 (Audited) | Quarter ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| I. Income | ||||
| Revenue from operations | 972.16 | 787.10 | 917.29 | 3,271.86 |
| Other Income | 166.67 | 209.37 | 97.13 | 691.57 |
| Total Income | 1,138.83 | 996.47 | 1,014.42 | 3,963.43 |
| II. Expenses | ||||
| Cost of raw material and packing material consumed | 624.80 | 474.25 | 445.56 | 1,707.59 |
| Changes in Inventory of finished goods, WIP and stock in trade | 37.77 | (53.96) | 28.12 | (11.23) |
| Employee benefit expense | 29.80 | 22.32 | 35.01 | 121.51 |
| Finance costs | 919.54 | 925.12 | 904.83 | 3,690.96 |
| Depreciation and amortisation expense | 110.72 | 102.88 | 104.03 | 417.28 |
| Other expenses | 354.38 | 518.54 | 307.71 | 1,432.26 |
| Total Expenses | 2,077.01 | 1,989.15 | 1,825.26 | 7,358.37 |
Key Appointments and Operational Notes
The Board approved the appointment of M/s. A. H. Jain & Co., Chartered Accountants, as the Internal Auditor for the Financial Year 2026-27. The firm is based in Ahmedabad and has expertise in Income Tax, Audit, and GST.Regarding financial health, the independent auditor's review noted that at the end of the quarter, the company's current liabilities (pertaining to continuing operations) exceeded its current assets (pertaining to continuing operations) by 12,625.00 lakhs. These events indicate a material uncertainty concerning the company's ability to continue as a going concern, although results were prepared on a going-concern basis based on management's plans for disposing of non-core assets and exploring funding options.
The company continues the process of selling its Paper Division assets piecemeal. The division, which has been segregated as discontinued operations since 2022-23, is now reported separately in line with Ind AS 105.
RAMANEWS Stock Price Movement
Today, Shree Rama Newsprint Limited shares gained 0.09% as they settled in the post-market session at ₹33.50 after trading closed today. The security saw a volume of 21,440 shares recorded during the day's activity.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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