Shree Rajeshwaranand Paper Mills Approves Preferential Allotment

Shree Rajeshwaranand Paper Mills Ltd's Board of Directors, in a meeting held on August 21, 2026, approved the issuance of 1,20,00,000 equity shares on a preferential allotment basis. This move is part of the company's approved Resolution Plan following Corporate Insolvency Resolution Process (CIRP). The total value of the preferential issue amounts to ₹12,00,00,000. The company will also apply to BSE Limited for in-principle approval for listing these shares. Post-allotment, the public shareholding is expected to be over 5%, with existing shareholders holding 5% and new allottees holding approximately 95% of the post-allotment capital.