Shree Rajeshwaranand Paper Mills Limited announced that Newsprint Paper Manufacturing Plant which contributes majority of the revenues of the Company has been shut down since there is no demand for newsprint paper since the implementation of countrywide lockdown. Owing to the uncertainty regarding the resumption of the plant and scale of viable operations, most of the workers and employees have left the Company to seek better opportunities. Based on the assessment of the management regarding the current situation, the resumption of plant operations in the near future is unlikely. The Company will keep the exchange updated regarding any further developments in the matter.