Shree Rajeshwaranand Paper Mills Reports Nil Income, Deep Negative Net Worth for FY26

For the year ended March 31, 2026, Shree Rajeshwaranand Paper Mills Ltd recorded total income of just ₹0.0002 crore (₹0.02 lakh), with essentially no revenue from operations. The company reported a net loss of ₹0.30 crore (₹30.46 lakh) for FY26.

Reader Takeaway: Nil revenue and ongoing NCLAT litigation are key concerns for revival.

What just happened

Shree Rajeshwaranand Paper Mills Ltd has filed its audited financial results for the fiscal year ended March 31, 2026. The company reported virtually no income, with total income standing at ₹0.0002 crore, primarily from other sources. A net loss of ₹0.30 crore was incurred for the fiscal year.

Why this matters

The company is currently non-operational and is in the crucial phase of implementing an Insolvency and Bankruptcy Code (IBC) Resolution Plan approved by the National Company Law Tribunal (NCLT). The minimal financial figures reflect its suspended operational status. Investors are closely watching the progress of the resolution plan and any legal hurdles.

The backstory

In the previous fiscal year, FY25, the company reported a significantly higher net loss of ₹72.37 crore, which included substantial exceptional items. The current year's results show a reduced loss, but this is due to the absence of operational activity.

What changes now

The focus remains on executing the approved Resolution Plan. This involves cancelling promoter shares and reallocating public equity, with the ultimate goal of resuming stock trading on the BSE. Management is engaged in preliminary formalities for business revival.

Risks to watch

The company faces significant risks, including a deeply negative net worth of -₹36.36 crore as of March 31, 2026. Furthermore, pending appeals by an operational creditor and an unsuccessful resolution applicant at the National Company Law Appellate Tribunal (NCLAT) create legal uncertainty. The auditor has also highlighted a material uncertainty regarding the company's ability to continue as a going concern.

Peer comparison

Data on peers is not directly comparable as Shree Rajeshwaranand Paper Mills is currently non-operational and under an IBC resolution process, unlike typical operational paper manufacturing companies.

Context metrics (time-bound)

For the year ended March 31, 2026, total income was ₹0.0002 crore and net loss was ₹0.30 crore. For the quarter ended March 31, 2026, net loss was ₹0.14 crore. Net worth stood at -₹36.36 crore as of March 31, 2026.

What to track next

Investors should closely monitor the outcomes of the NCLAT appeals, as they could impact the resolution plan. Progress on the cancellation of promoter shares and the resumption of trading on the BSE will also be key indicators.