Shree Rajeshwaranand Paper Mills AGM Update

Total Income: Rs 0.14 Crore; Net Loss: Rs 72.37 Crore.

Reader Takeaway: Management is executing a post-insolvency revival plan; however, the company remains non-operational with suspended trading.

What just happened

Shree Rajeshwaranand Paper Mills has scheduled its Annual General Meeting (AGM) for September 26, 2026. The meeting will address the adoption of audited financial statements for FY 2024-25, the reappointment of Director Piyush Mundra, and the induction of Ankit Kumar Soni as an Independent Director.

Why this matters

This AGM marks a critical step in the company's transition following the NCLT-approved resolution plan by Mercury Terra Firma. The firm is currently undergoing capital reduction and a comprehensive overhaul of its board and secretarial compliance to align with the new management structure.

The backstory

The company concluded its Corporate Insolvency Resolution Process (CIRP) on November 27, 2024, after the NCLT approved the resolution plan from Mercury Terra Firma. The board was subsequently reconstituted in January 2025 as part of the shift in ownership.

Risks to watch

Trading remains suspended on the BSE, and the company is currently non-operational. Long-term viability depends on the successful implementation of the resolution plan and the ability to secure necessary working capital to restart industrial activities. Historical record-keeping issues previously caused minor filing delays.

What to track next

Investors should monitor the company’s efforts to obtain trading approval under a new ISIN and any official announcements regarding the timeline for resuming business operations.