On May 16, 2025, Shree Rama Newsprint Limited informed the BSE and NSE that it has received an order from the Collector of Surat to surrender 121302 square meters of land. This directive was issued due to an alleged violation of an earlier Collector's order dated November 20, 1992, related to the development of Gouchar land designated for the village of Barbodhan, located in Taluka Olpad, District Surat, Gujarat.

The latest communication from the district administration was received by the company on May 15, 2025, through an official order dated May 1, 2025. The order explicitly grants the company the right to appeal the directive to the Secretary (Dispute), Revenue Department, Government of Gujarat, if it does not agree with the surrender requirement.

Company's Response

Shree Rama Newsprint, through its Director Siddharth Chowdhary, has clarified in the official stock exchange filing that it is acting on legal advice which suggests that the order is not sustainable in law. The company has stated its intention to file an appeal against the order at the earliest.

The filing was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, in accordance with SEBI's Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Summary of the Disclosure (Annexure-1):

About the Issue

The land in question is associated with past government directives intended for the development of Gouchar (grazing) land for village purposes. The Collector's recent enforcement action is in reference to that long-standing administrative order.

While the company has acknowledged receipt of the order, it firmly believes there is legal ground for appeal and will proceed accordingly. The management emphasized that there is no immediate financial or operational impact resulting from this development.

About Shree Rama Newsprint Limited

Shree Rama Newsprint Ltd. (Symbol: RAMANEWS) is a publicly listed entity engaged primarily in newsprint and writing paper manufacturing. The company has a large industrial footprint and remains a notable player in India’s pulp and paper industry.

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