We hereby submit outcome of Board meeting of Shree Rama Newsprint Limited

SHREERAMA living green 05.11.2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block – G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai – 400051 Scrip Code: 500356 Symbol: RAMANEWS Subject: Outcome of Board Meeting held on Thursday, 5th November, 2026 and submission of Unaudited Financial Results for the Quarter and Half Year ended on 30th September, 2026: Dear Sir/Madam, 1. Pursuant to Regulation 30 & 33 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company at its Meeting held on today has, inter-alia, considered and approved the Unaudited Financial Results of the Company for the Quarter and Half Year ended on 30th September, 2026. The Meeting was commenced at 10:45 A.M. & concluded at 11.15 A.M. 2. In this regard, we herewith enclose the following: a. Statement of Unaudited Financial Results for the Quarter and Half Year ended on 30th September, 2026. b. Limited Review Report issued by M/s. Batliboi & Purohit, Chartered Accountants, (FRN: 101048W) Statutory Auditors of the Company for the aforesaid Unaudited Financial Results. Kindly update the same on your records. Thanking You, For, SHREE RAMA NEWSPRINT LIMITED SHUBHAM AJMERA COMPANY SECRETARY MEM. NO.: 76790 Encl.: a/a Regl&tered Offico & Manuf11clurlr1g Planl CA Batl ibo/ ,<Pu roh it CH ARTER ED ~ !ccoUNTANTS IND I A Head Office (Mumbai) : National Insurance Building, 204, Dadabhoy Naoroji Road'. Fort, Mumb~i -_400 0~1. Tel.: +91-22-4616 5958 / 2207 7941 / 4260 •E-mail: info@batliboipurohit.com •Website : www.bathbo1puroh1t.com Independent Auditors' Review Report on the Quarter and Half-Year ended September 30 2026 Unaudited Standalone Financial Results of Shree Rama Newsprint Limited un'der Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report To the Board of Directors Shree Rama Newsprint Limited 1. We have reviewed the accompanying statement of unaudited financial results of Shree Rama Newsprint Limited (the "Company") for the Quarter and Half-Year ended September 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). 2. This Statement, which is the responsibility of the Company's Management, has been reviewed by the Audit Committee and approved by its Board of Directors in their meeting held on November 05, 2026, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended, read with the relevant rules issued there under and other accounting principles generally accepted in India and accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial results consists of making inquiries, primarily of the company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. I DELHI I PUNE I NAVI MUMBAI I THANE CA Batl ib ov"/C(Pu roh it CH ARTER ED ~!ccOUNTANTS IND I A Material Uncertainty Related to Going Concern 5. We draw attention to Note 5 of the Quarter and Half-Year ended September 30, 2026 unaudited financial results, which states that the company has incurred a total comprehensive loss of t 2,129.34 lakhs for Half-Year ended September 30, 2026 (~6,853.02 lakhs for the year ended March 31, 2026), and that, as at that date, the Company's current liabilities (pertaining to continuing operations) exceeded its current assets (pertaining to continuing operations) by~ 16,047.59 lakhs. As disclosed in the said note, these events or conditions, along with other matters described therein, indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. The unaudited financial results have been prepared on a going-concern basis, based on management's assessment, which is supported by its plan for the disposal of certain non-core assets to improve the Company's financial position. Our conclusion is not modified in respect of this matter. Emphasis of Matter Paragraph 6. We refer to note 3 of the Quarter and Half-Year ended September 30, 2026 unaudited financial results of the Company, wherein it has been stated that during the financial year 2022-23, the Paper Division of the Company had been classified as a discontinued operation. Consequently, the assets and liabilities related to the Paper Division, primarily comprising of plant and machineries, and other associated assets, are presented separately as discontinued operations. The Company keeps on disposing of assets of the Paper Division on a Piecemeal basis on successful negotiations with vendors. The company remains committed to the disposal of the remaining assets of the paper division and is actively exploring various alternatives to realise their value. Given the nature and geographical dispersion of these assets, along with the anticipated fair value realisable from the disposal of the assets of the Paper Division, there has been an extension of time for the disposal of these assets. During the quarter and year ended March 31 , 2026, the Company had reassessed the fair valuation of the assets forming part part of the discontinued operations as per the requirements of Ind AS 105- Non-current Assets Held for Sale and Discontinued Operations based on the valuer report and accordingly recognised a further impairement loss of Rs. 2,784.33 lakhs. The management does not forsee any further impairment in this regard. Our conclusion on the Statement is not modified in respect of the above matter. For Batliboi & Purohit Chartered Accountants, Firm's Registration No. 101048W Parag Hangekar Partner Membership No. 110096 UDIN: 26110096MODKHS1935 Place: Mumbai Date: November 05, 2026 SHREE RAMA NEWSPRINT LIMITED CIN : L21010GJ1991PLC019432 , '1/, SH~EE RAMA rMng green REGISTERED OFFICE : VILLAGE -BARBODHAN, TALUKA OLPAD, DISTRICT SURAT-395005 (GUJARAT) STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (Rs. In Lakhs) Sr. Particulars Quarter ended Half Year ended Year ended No. 30.0 [Showing first 8,000 characters — download PDF for full document]