Subam Papers Ltd

AGM Details

• AGM held on 25-09-2026 from 10:30 to 11:09 AM.
• Mode: physical meeting with remote e-voting.
• Record date: 18-09-2026; 1,423 shareholders on record.
• Last date for postal ballot: 25-09-2026.

Key Resolutions

• Resolution 1: Adopt audited standalone and consolidated financial statements; passed.
• Resolution 2: Reappointment of Sudha Alagarsamy as Director by rotation; passed.
• Resolution 3: Reappointment of Mr. Ramasubbu Venkatesh as Director by rotation; passed.

Voting Results

• Resolution 1: 99.99% votes polled in favour; passed.
• Resolution 2: 99.99% votes polled in favour; passed.
• Resolution 3: Passed; voting details not disclosed in excerpt.

Director Changes

• Sudha Alagarsamy reappointed as Director by rotation.
• Ramasubbu Venkatesh reappointed as Director by rotation.

Subam Papers Ltd: Closure of Trading Window

Key AGM resolutions

• AGM held on September 25, 2026.
• Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026.
• Appointment of Sudha Alagarsamy as Director, retiring by rotation, for re-appointment.
• Appointment of Ramasubbu Venkatesh as Director, retiring by rotation, for re-appointment.
• Auditor's report for FY ended March 31, 2026 contained no qualifications.
• Ballot voting conducted; results to be published on stock exchange within 48 hours.

Overview

• Notice of 22nd AGM for FY2025-26 on 25 Sep 2026.
• Converted to public company on May 15, 2025.
• Listed on BSE SME platform since Oct 8, 2024.
• Automation: Automated Kraft plant completed, enabling scale.

Financial performance

• Standalone revenue from operations ₹48,987.84 L; up from ₹44,813.31 L.
• Standalone PAT ₹1,082.54 L, down from ₹2,556.42 L.
• Consolidated total income ₹58,517.16 L; up from ₹54,617.93 L.
• Consolidated PAT attributable to owners ₹897.58 L; minority ₹180.62 L; total ₹1,078.20 L.
• Consolidated Basic EPS ₹4.51; Diluted ₹4.44.

Capacity expansion & operations

• Consolidated capacity expanded to 3,07,750 MTPA (Kraft 2,59,750).
• Kraft capacity now 2,59,750 MTPA.
• New 80–120 GSM kraft paper enables carry bags.
• Carry bag demand supported by regulatory tailwinds.
• COGEN plant to be commissioned by Oct 2026; self-sufficiency 93.75%.
• Wind and solar captive generation supports cost savings.

Capital structure & liquidity

• Paid-up equity at ₹2,747.93 L; up from ₹2,324.49 L.
• Preferential issue: ₹74.37 Cr raised; ₹10 Cr upfront received; balance on exercise.
• Total equity ₹39,389.11 L; reserves ₹36,641.18 L; warrants ₹1,000.46.
• Consolidated net debt to equity 0.24x.

Governance & compliance

• Independent director Arunachalam Anbu Sanjeevikani appointed Sep 27, 2025.
• AGM agenda includes adoption of financial statements and director retirements.
• Board committees: Audit, Nomination & Remuneration, Stakeholders Relationship, CSR, Internal Complaints.
• No dividend declared for FY2025-26.

ESG & sustainability

• Wind and solar energy installations; FSC Recycled; ISO 9001:2015.
• Waste paper as primary raw material; 100% recycled.
• Energy efficiency and water conservation initiatives highlighted.

Outlook & risks

• Indian paper packaging market growth supported by regulatory tailwinds.
• Make in India and MSME incentives to boost capacity expansion.
• E-commerce growth fueling demand for Kraft paper and carry bags.

Audit & compliance flags

• Key audit matters: MSME contingent liability; Ind AS transition for PPE; CWIP.
• Secretarial audit confirms compliance; no material issues reported.
• Borrowings managed; internal controls evaluated as adequate.

Independent Director Appointment in Subsidiary

• Proposes appointment of Independent Director for Subam Paper and Boards Private Limited.
• Director: Arunachalam Anbu Sanjeevikani, DIN 10617158.
• Term: five consecutive years, at the general meeting on 25 September 2026.
• Subject to general meeting approval; appointment in compliance with SEBI LODR.
• Also an independent director on holding company board; not debarred.

AGM date

• 22nd AGM on Sep 25, 2026 at 10:30 a.m. at Narmadha Mahal, Tirunelveli, Tamil Nadu.

Resumption of manufacturing at Vaduganpatti plant

• Fire incident at the Raw Material Yard disrupted operations.
• Operations have resumed at the facility located 143-146, Vaduganpatti Village, Nadukallur, Tirunelveli.
• Previously disclosed on 20/08/2026; fire impact.
• Date: August 29, 2026.

Incident details

• Inadvertent fire at Raw Material Godown in Nadukallur, Tirunelveli, Tamil Nadu.
• Incident ongoing; on-site safety personnel coordinating with local fire authorities to extinguish flames.
• Production temporarily suspended as a precaution; measures to safeguard personnel and contain losses.
• Extent of loss/damage to raw material and infrastructure under assessment.
• Insurance coverage confirmed; extent of loss and recovery to be determined.
• No human injury reported.
• Factory location: S.F. Nos. 143-146, Vaduganpatti Village, Nadukallur to Tirunelveli.
• Date of incident: 19 August 2026; filing date: 20 August 2026.