Subam Papers Ltd Receives Listing Approval for Issue and Allotment of Equity Shares on Preferential Basis

Subam Papers Ltd has announced that it has received listing approval from BSE Limited for the issue and allotment of 42,34,400 (Forty-Two Lakhs Thirty-Four Thousand and Four Hundred) Equity Shares on a preferential basis. The shares, issued at a premium of Rs. 142/- each, will bear distinctive numbers from 23244871 to 27479270 and will be issued to non-promoters. The company will ensure compliance with the provisions of Regulation 167 of SEBI (ICDR) Regulations and SEBI's guidelines. The trading approval for these shares will be granted only after the company files listing approval from the National Stock Exchange of India Ltd. (if applicable) and confirmation letters from NSDL/CDSL about crediting the shares to the respective beneficiary accounts/admitting the capital to the depository system.