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Incorporated in 1993, Shree Rama Newsprint Ltd is in the business of manufacturing and selling of Newsprint and Writing & printing papers. It also operates a Water bottle plant
RAMANEWS announced Surat Collector withdrew the order demanding surrender of 121302 Sq M land. This reverses a previous directive related to compliance issues. The company confirms no financial or operational impact from this development.
SHREE RAMA NEWSPRINT completed the second installment of ZCD redemptions, paying 7.875 Cr to Bank of India and 6.250 Cr to Punjab National Bank. This move reduces the company's debt.
Company's challenge against a local authority's order was successful. The prior unfavorable order has been quashed, and the matter is sent back for re-evaluation. This eliminates an immediate concern and brings relief for investors.
Shree Rama Newsprint announces Independent Director Mr. Kanhaiyalal Chandak's tenure has concluded. He ceases to be a director after completing his second and final term, updating the board's composition.
Shree Rama Newsprint reported a ₹30.65 Cr comprehensive loss for Q3 & nine months. Current liabilities exceed assets by ₹116.75 Cr, creating significant going concern doubts. A new Independent Director was appointed.