Quarterly Result22 Sept 2026, 06:32 pm
Rama Paper Mills Board Approves Q1 FY27 Unaudited Results
AI Summary
Rama Paper Mills Ltd's Board of Directors approved the unaudited standalone financial results for the quarter ended June 30, 2026. The company is currently undergoing a Corporate Insolvency Resolution Process. The auditor issued a qualified opinion, highlighting that the company did not provide interest of ₹136.10 Lakhs for the quarter, which would have increased the loss. Other qualifications included the lack of physical verification of inventory and non-compliance with the MSMED Act regarding the bifurcation of trade payables.
Key Highlights
- Board approved Q1 FY27 unaudited standalone financial results.
- Company is under Corporate Insolvency Resolution Process (CIRP).
- Auditor issued a qualified opinion on the financial statements.
- Qualified opinion cited unprovided interest of ₹136.10 Lakhs for the quarter.
- Inventory physical verification not carried out and MSMED Act non-compliance noted.
Price Impact
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