About Raama Paper Mills Limited
Data last updated: 16 February 2026
Raama Paper Mills Limited is a public limited company based in Uttar Pradesh, Uttar Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in laminated and corrugated packaging, a part of the broader packaging sector. Incorporated on 04 December 1985, the company has been in operation for over 41 years.
Registered with ROC Uttar Pradesh under CIN L27104UP1985PLC007556. Listed on BSE: 500357.
Capital: an authorised share capital of ₹32 Cr and a paid-up capital of ₹19.66 Cr. Formerly known as Ram Paper Mills Limited and Rama Paper Mills Limited. It is led by directors including Amarjeet Sandhu and Pramod Agarwal.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Najibabad Roadkiratpur District Bijnor, Uttar Pradesh, Uttar Pradesh, India – 246731.
As per BSE-filed standalone financials for FY 2024, the company reported a revenue of ₹56.7 Cr, a decline of 26.41% compared to the previous year. Total assets are valued at ₹73.2 Cr (down 7.3% YoY).
The company is associated with 1 brand - Rama Paper Mills. As per MCA filings, the company has open charges of ₹43 Cr and satisfied charges of ₹138.96 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is ramapaper.com.
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EmailLocked
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Registered AddressNajibabad Roadkiratpur District Bijnor, Uttar Pradesh, Uttar Pradesh, India – 246731
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IndustryPackaging, Laminated & Corrugated Packaging, Paper
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Raama Paper Mills Limited
Raama Paper Mills Limited has undergone 2 name changes throughout its history. The company was previously known as Ram Paper Mills Limited, and Rama Paper Mills Limited. The current legal name is Raama Paper Mills Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Raama Paper Mills Limited | Current |
| Ram Paper Mills Limited | Previous |
| Rama Paper Mills Limited | Previous |
Associated Brands with Raama Paper Mills Limited
Raama Paper Mills Limited operates one associated brand: Rama Paper Mills. These brands represent Raama Paper Mills Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Waste paper recycling services are provided in Delhi, India. | ramapaper.com |
Competitors & Alternatives of Raama Paper Mills Limited
Brands and companies operating in the same space as Raama Paper Mills Limited include Sukraft, Hamburger Containerboard, Sustana Group and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Sukraft
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Paper recycling services are provided by Sukraft in India. | Thane, India, India | 2010 |
Hamburger Containerboard
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Provider of paper waste recycling services | Pitten, Austria, Austria | 1853 |
Sustana Group
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Fiber and paper recycling services are provided by the company. | De Pere, United States, United States | 1992 |
Circla
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Travel toiletries are recycled via specialized collection services. | London, United Kingdom, United Kingdom | 2019 |
Inest
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Waste paper collection and recycling services are provided by Inest. | Budapest, Hungary, Hungary | 2008 |
Balticfloc
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Polystyrene pellets for thermal insulation are supplied by Balticfloc. | Cesis, Latvia, Latvia | 2010 |
Coalsale
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Provides coal logistics, procurement, and supply chain services across India efficiently. | Kolkata, India, India | 1970 |
Jodhani Papers
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Manufactures recycled Kraft paper for bags, wrapping, corrugation, and industrial uses. | Bengaluru, India, India | 1972 |
Wilmington Paper
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Provider of paper recycling management services | Montville, United States, United States | 1977 |
Business Activity of Raama Paper Mills Limited
Raama Paper Mills Limited is engaged in the principal business activity of manufacturing, with detailed activities including wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details for Raama Paper Mills Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Raama Paper Mills Limited
Raama Paper Mills Limited is audited by Jagdish Chand & Co. for the financial year 2025. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jagdish Chand & Co. | Locked | Locked | Locked |
Complete auditor history for Raama Paper Mills Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors and KMP of Raama Paper Mills Limited
Raama Paper Mills Limited currently reports 6 directors and 2 key managerial personnel. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Himanshu Duggal
Also directs:
Legfin Consultants Llp, Marble City India Limited, Moonshine Infracon Private Limited and 1 more
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Company Secretary | 06 Jan 2014 | 12 Years 6 Months | As last reported |
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Nirdesh Agarwal
Also directs:
Legfin Consultants Llp, Marble City India Limited
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Cfo | 14 Aug 2014 | 11 Years 11 Months | As last reported |
| Amarjeet Sandhu | Director | 30 May 2015 | 11 Years 1 Months | As last reported |
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Pramod Agarwal
Also directs:
Rama Sheet Khadya Bhandar Llp, Rama Krishi Utpad Llp, Jagran Prakashan Limited and 1 more
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Managing Director | 01 Dec 2011 | 14 Years 7 Months | As last reported |
| Vijay Pal Singh | Director | 14 Feb 2019 | 7 Years 5 Months | As last reported |
| Sapna Agarwal | Director | 16 Dec 2022 | 3 Years 7 Months | As last reported |
Financials of Raama Paper Mills Limited FY 2024 filings available
Raama Paper Mills Limited reported revenue of ₹56.7 Cr (down 26.41% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹56.7 Cr | ₹77.05 Cr | ₹79.42 Cr | ₹91.81 Cr | ₹122.96 Cr | ₹163.02 Cr |
| Other Income | ₹4.9 Cr | ₹3.97 Cr | ₹7.85 Cr | ₹0 | ₹4.98 Cr | ₹22.99 Cr |
| Total Income | ₹61.6 Cr | ₹81.01 Cr | ₹87.26 Cr | ₹91.81 Cr | ₹127.94 Cr | ₹186.01 Cr |
| Cost of Materials Consumed | ₹59.95 Cr | ₹67.8 Cr | ₹68.12 Cr | ₹80.24 Cr | ₹100.73 Cr | ₹137.87 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹1.05 Cr | ₹36.01 Lakh | ₹31.15 Lakh | -₹30.92 Lakh | ₹2.07 Cr | -₹1.18 Cr |
| Employee Benefit Expense | ₹7.95 Cr | ₹6.66 Cr | ₹6.5 Cr | ₹3.83 Cr | ₹7.82 Cr | ₹8.19 Cr |
| Finance Costs | ₹2.78 Cr | ₹1.19 Cr | ₹2.32 Cr | ₹3.78 Cr | ₹5.9 Cr | ₹5.68 Cr |
| Depreciation & Amortisation | ₹3.94 Cr | ₹3.68 Cr | ₹3.49 Cr | ₹3.38 Cr | ₹3.31 Cr | ₹3.26 Cr |
| Other Expenses | ₹7.38 Cr | ₹6.84 Cr | ₹3.89 Cr | ₹4.18 Cr | ₹6.09 Cr | ₹7.4 Cr |
| Total Expenses | ₹80.94 Cr | ₹86.54 Cr | ₹84.64 Cr | ₹95.11 Cr | ₹125.93 Cr | ₹161.22 Cr |
| Profit Before Exceptional Items & Tax | -₹19.34 Cr | -₹5.52 Cr | ₹2.63 Cr | -₹3.3 Cr | ₹2.01 Cr | ₹24.8 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹19.34 Cr | -₹5.52 Cr | ₹2.63 Cr | -₹3.3 Cr | ₹2.01 Cr | ₹24.8 Cr |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹19.48 Cr | -₹5.52 Cr | ₹2.63 Cr | -₹3.3 Cr | ₹2.01 Cr | ₹24.8 Cr |
| Other Comprehensive Income | ₹8.95 Lakh | ₹16.53 Lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹19.39 Cr | -₹5.36 Cr | ₹2.63 Cr | -₹3.3 Cr | ₹2.01 Cr | ₹24.8 Cr |
| EBITDA (computed) | -₹12.63 Cr | -₹65 Lakh | ₹8.44 Cr | ₹3.86 Cr | ₹11.23 Cr | ₹33.73 Cr |
| Basic EPS | ₹-26.94 | ₹-11.77 | ₹2.72 | ₹-3.42 | ₹2.08 | ₹25.66 |
| Diluted EPS | ₹-26.94 | ₹-11.77 | ₹2.72 | ₹-3.42 | ₹2.80 | ₹25.66 |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Total Assets | ₹73.2 Cr | ₹78.96 Cr | ₹83.23 Cr | ₹100.26 Cr | ₹116.7 Cr | ₹127.02 Cr |
| Non-current Assets | ₹52.25 Cr | ₹51.48 Cr | ₹49.87 Cr | ₹59.91 Cr | ₹60.12 Cr | ₹60.79 Cr |
| Current Assets | ₹20.95 Cr | ₹27.48 Cr | ₹33.36 Cr | ₹40.35 Cr | ₹56.59 Cr | ₹66.23 Cr |
| Property, Plant & Equipment | ₹50.57 Cr | ₹50.81 Cr | ₹49.14 Cr | ₹59.19 Cr | ₹59.37 Cr | ₹60.21 Cr |
| Inventories | ₹7.01 Cr | ₹8.91 Cr | ₹9.57 Cr | ₹7.05 Cr | ₹7.42 Cr | ₹13 Cr |
| Trade Receivables | ₹8.17 Cr | ₹10.4 Cr | ₹16.31 Cr | ₹24.02 Cr | ₹35.05 Cr | ₹46.86 Cr |
| Cash & Equivalents | ₹57.31 Lakh | ₹38.56 Lakh | ₹19.27 Lakh | ₹1.29 Cr | ₹84.94 Lakh | ₹99.48 Lakh |
| Equity (Net Worth) | -₹18.57 Cr | ₹82.75 Lakh | ₹6.18 Cr | ₹3.56 Cr | ₹6.86 Cr | ₹4.85 Cr |
| Equity Share Capital | ₹9.66 Cr | ₹9.66 Cr | ₹19.66 Cr | ₹19.66 Cr | ₹19.66 Cr | ₹19.66 Cr |
| Borrowings (Non-current) | ₹46.76 Lakh | ₹57.78 Lakh | ₹21.71 Cr | ₹51.74 Cr | ₹18.59 Cr | ₹41.59 Cr |
| Borrowings (Current) | ₹45.81 Cr | ₹33.29 Cr | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹46.27 Cr | ₹33.87 Cr | ₹21.71 Cr | ₹51.74 Cr | ₹18.59 Cr | ₹41.59 Cr |
| Current Liabilities | ₹85.38 Cr | ₹71.84 Cr | ₹49.57 Cr | ₹39.04 Cr | ₹84.64 Cr | ₹74.5 Cr |
| Total Liabilities | ₹91.77 Cr | ₹78.13 Cr | ₹77.05 Cr | ₹96.71 Cr | ₹109.84 Cr | ₹122.18 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹9.9 Cr | -₹9.31 Cr | ₹17.02 Cr |
| Investing Cash Flow | -₹4.82 Cr | -₹1.39 Cr | ₹14.24 Cr |
| Financing Cash Flow | ₹14.91 Cr | ₹10.89 Cr | -₹32.35 Cr |
| Capital Expenditure | ₹3.92 Cr | ₹5.36 Cr | ₹4.14 Cr |
| Free Cash Flow (computed) | -₹13.82 Cr | -₹14.67 Cr | ₹12.87 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹18.77 Lakh | ₹19.27 Lakh | -₹1.1 Cr |
| Metrics | Q3 FY26 | Q3 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹3.61 Lakh | ₹59.48 Lakh | ₹4.21 Cr |
| Other Income | ₹2.03 Lakh | ₹5.66 Lakh | ₹1.44 Lakh |
| Total Income | ₹5.64 Lakh | ₹65.14 Lakh | ₹4.22 Cr |
| Cost of Materials Consumed | ₹3.61 Lakh | ₹35.02 Lakh | ₹1.93 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹3.15 Lakh | ₹2.06 Cr |
| Employee Benefit Expense | ₹33.31 Lakh | ₹42.78 Lakh | ₹1.41 Cr |
| Finance Costs | ₹0 | -₹20,000 | ₹1.16 Cr |
| Depreciation & Amortisation | ₹88.02 Lakh | ₹92.51 Lakh | ₹98.4 Lakh |
| Other Expenses | ₹42.89 Lakh | ₹30.76 Lakh | ₹69.98 Lakh |
| Total Expenses | ₹1.68 Cr | ₹2.04 Cr | ₹8.24 Cr |
| Profit Before Exceptional Items & Tax | -₹1.62 Cr | -₹1.39 Cr | -₹4.01 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹1.62 Cr | -₹1.39 Cr | -₹4.01 Cr |
| Total Tax Expense | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹1.62 Cr | -₹1.39 Cr | -₹4.01 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹1.62 Cr | -₹1.39 Cr | -₹4.01 Cr |
| EBITDA (computed) | -₹74.17 Lakh | -₹46.57 Lakh | -₹1.87 Cr |
| Basic EPS | ₹-1.68 | ₹-1.44 | ₹-4.15 |
| Diluted EPS | ₹-1.68 | ₹-1.44 | ₹-4.15 |
Shareholding Pattern of Raama Paper Mills Limited
As per the shareholding pattern filed with BSE for the quarter ended Sep 2025, promoters hold 37.62%, retail and other public shareholders hold 62.35% of Raama Paper Mills Limited. The company had 9,298 shareholders on record.
| Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 37.62% | 37.62% | 37.69% | 37.69% | 37.69% | 37.69% |
| Public | 62.38% | 62.38% | 62.31% | 62.31% | 62.31% | 62.31% |
| Mar 2025 | Mar 2024 | Mar 2023 | |
|---|---|---|---|
| Promoters | 37.69% | 37.69% | 37.69% |
| Public | 62.31% | 62.31% | 62.31% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Raama Paper Mills Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jan 2024 | Others | ₹5 Cr | Open |
| 14 Dec 2023 | Others | ₹35 Cr | Open |
| 30 Mar 2010 | Bank of Baroda | ₹3 Cr | Open |
| 14 Aug 2018 | Others | ₹31 Cr | Satisfied |
| 26 Nov 2010 | Idbi Bank Limited | ₹3 Cr | Satisfied |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Raama Paper Mills Limited
View historical data on people associated with Raama Paper Mills Limited, including employment history and EPFO contributions.
Employee and EPFO history for Raama Paper Mills Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Raama Paper Mills Limited
GST registrations and filing compliance for Raama Paper Mills Limited
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Credit Ratings, Litigation & Regulatory Alerts for Raama Paper Mills Limited
Credit ratings, litigation, and regulatory alerts for Raama Paper Mills Limited
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MSME Payment Delays by Raama Paper Mills Limited
MSME payment history for Raama Paper Mills Limited
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Subsidiaries & Group Companies of Raama Paper Mills Limited
Corporate group structure for Raama Paper Mills Limited
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MCA Filings & Documents of Raama Paper Mills Limited
MCA filings and documents for Raama Paper Mills Limited
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Recent Activity on Raama Paper Mills Limited
Frequently Asked Questions about Raama Paper Mills Limited
Raama Paper Mills Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Raama Paper Mills Limited is a company under insolvency, formerly operating as a public limited company in the packaging sector based in Uttar Pradesh, Uttar Pradesh, India. It was incorporated on 04 December 1985 and is registered under CIN L27104UP1985PLC007556. Listed on BSE: 500357. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Raama Paper Mills Limited reported revenue of ₹56.7 Cr for FY 2024 (down 26.41% YoY) based on standalone BSE filings.
The current directors and KMP of Raama Paper Mills Limited are:
- Himanshu Duggal - Company Secretary
- Nirdesh Agarwal - Cfo
- Amarjeet Sandhu - Director
- Pramod Agarwal - Managing Director
- Vijay Pal Singh - Director
- Sapna Agarwal - Director
- Gyanveer Singh - Director
- Vandani Vohra - Director
The CIN (Corporate Identification Number) of Raama Paper Mills Limited is L27104UP1985PLC007556. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Raama Paper Mills Limited is listed on BSE with code 500357.