Shree Raj Paper

Shree Rajeshwaranand Paper Mills Limited is a public company based in India that operates in the paper manufacturing industry. The company is under a Corporate Insolvency Resolution Process, which means its Board of Directors is suspended and a Resolution Professional manages its affairs. Due to its financial distress, the company's financial accounts are not prepared on a 'Going Concern' basis, indicating major uncertainty about its future. Its main business was producing newsprint, writing, and printing paper from its manufacturing plant located in Gujarat. This manufacturing plant, which was the primary source of revenue, has been non-operational since March 2020. As a result of the shutdown and ongoing uncertainty, most of the company's workers and employees have left to find other opportunities.;