Shree Rama Newsprint has announced a board meeting to discuss the financial results for the quarter and half-year.

Shree Rama Newsprint LimitedRAMANEWS · Filed with the exchange

The company is selling its paper division’s plant and machinery in parts, aiming to generate INR 1.91 Cr plus GST.

This division accounted for 3.22% of revenue and nearly 48% of other income last fiscal.

Buyers include Kamakshi Papers Pvt. Ltd., Shree Bhawani Paper Mills, and Star Enterprise.

This move marks a strategic exit from the paper business.

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