544267

The Board of Directors of Subam Papers Limited, at their meeting held on May 26, 2026, approved the Audited Standalone and Consolidated Financial Statements for the quarter and financial year ended March 31, 2026. The statutory auditors, M/s. CNGSN & Associates LLP, issued an unmodified opinion on these financial statements.

Subam Papers Limited submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026. The report confirms that the company has complied with all applicable SEBI Regulations and Secretarial Standards, with no reported deviations, regulatory actions, or resignations of statutory auditors during the review period.

Subam Papers Limited announced a shortfall of ₹2.66 Crores in its preferential issue of equity shares due to under-subscription. The company initially aimed to raise ₹107.04 Crores (comprising warrants and equity shares) but received ₹74.36 Crores. Consequently, the Board revised the overall project cost/fund utilization from ₹107.04 Crores to ₹104.37 Crores by reducing the allocation for General Corporate Purposes from ₹4.03 Crores to ₹1.36 Crores.

Subam Papers Limited has provided a corporate guarantee of Rs. 11.70 Crore (comprising a CC Limit of Rs. 4.00 Crore and a Term Loan of Rs. 7.70 Crore) to HDFC Bank. This guarantee is for credit facilities sanctioned to M/s. Nellai Subam Packaging LLP, in which Subam Papers Limited is an 80% designated partner. The guarantee constitutes a contingent liability for Subam Papers Limited.

Subam Papers Limited provided a corporate guarantee of ₹11.70 Crore to HDFC Bank. This guarantee secures credit facilities (₹4.00 Crore CC Limit and ₹7.70 Crore Term Loan) sanctioned to Nellai Subam Packaging LLP, in which Subam Papers Limited is a Designated Partner holding an 80% contribution and profit-sharing ratio. The company noted that this constitutes a contingent liability and has no immediate impact.

Subam Papers Limited's Board of Directors, in a meeting on May 26, 2026, approved the Audited Standalone and Consolidated Financial Statements for the quarter and financial year ended March 31, 2026. The company's Statutory Auditors, M/s. CNGSN & Associates LLP, issued an unmodified opinion on these financial results.

Subam Papers Limited has intimated that a Board Meeting will be held on Tuesday, May 26, 2026, to consider and approve the Audited Standalone and Consolidated Financial Statements for the quarter and financial year ended March 31, 2026. The trading window for Designated Persons and their Immediate Relatives will remain closed until May 28, 2026.