Shree Rajeshwaranand Paper Mills Q2FY27 Loss Widens to ₹5.28 Lakh on Zero Revenue

Shree Rajeshwaranand Paper Mills reported a standalone net loss of ₹5.28 lakh for the second quarter of fiscal year 2027, with revenue from operations at nil. The board approved the unaudited results on November 7, 2026, ScanX reported. The company's equity share capital rose to ₹65.74 lakh from ₹30.48 lakh in the prior quarter.

Inside the Q2FY27 Results

Shree Rajeshwaranand Paper Mills operates in a pre-commercial phase, with expenses driven by administrative and statutory compliance costs, according to the filing. Revenue from operations was nil for both the quarter and the half-year ended September 30, 2026. For H1FY27 the company recorded a loss of ₹11.12 lakh, against ₹11.06 lakh in the corresponding period of the previous year.

Total expenses for the quarter were ₹5.28 lakh, compared with ₹9.83 lakh in Q2FY26. Other income was ₹0.03 lakh for H1FY27. Basic earnings per share were a loss of ₹0.17 for the quarter and a loss of ₹0.36 for the half-year.

Total assets stood at ₹558.98 lakh as on September 30, 2026, against ₹556.73 lakh as on March 31, 2026. Property, plant and equipment accounted for ₹538.71 lakh of that base. Total equity was negative at ₹3,646.91 lakh, offset by share application money pending allotment of ₹4,200.89 lakh. Cash and cash equivalents rose to ₹0.84 lakh from ₹0.13 lakh at the start of the fiscal year.

The ₹12 Crore Preferential Issue

On October 8, 2026, the board approved a revised allottee list for a preferential issue of 1.20 crore equity shares aggregating to ₹12 crore, ScanX reported. The shares represent approximately 94.81% of the post-allotment capital. Promoter Pratik Kakadia is allotted 55.27% of the new shares and Ramjibhai Kakadiya 31.18%. The board authorized applications to BSE Limited for in-principle approval of the listing.

Auditor Change and NCLT Extension

Shree Rajeshwaranand Paper Mills appointed H. L. Saini & Co. As statutory auditor effective September 1, 2026, after K P J & Co. Resigned, ScanX reported. The NCLT granted a one-month extension for the company's FY25 and FY26 annual general meetings. The new auditor will serve until the ensuing AGM.

The company's own site carries its corporate information. The board's October 8, 2026 authorization covers applications to BSE Limited for in-principle approval of the preferential issue listing.