Quarterly Updates30 May 2026, 03:42 pm
Subam Papers: No Deviation in Preferential Issue Funds
AI Summary
Subam Papers Ltd reports no deviation or variation in the utilization of funds raised through a preferential issue for the quarter ended March 31, 2026. The amount raised includes ₹64.36 Crore from equity shares and ₹10.00 Crore from convertible warrants. The Audit Committee and Board reviewed the statement on May 26, 2026. The funds were allocated for debt repayment (₹73.00 Crore) and investment in a corrugated box unit (₹30.01 Crore).
Key Highlights
- Subam Papers confirms no deviation in preferential issue fund utilization for Q1 2026.
- ₹74.36 Crore raised through preferential issue: ₹64.36 Crore from equity, ₹10 Crore from warrants.
- Funds allocated for debt repayment (₹73.00 Crore) and corrugated box unit investment (₹30.01 Crore).
- Audit Committee and Board reviewed and approved the statement on May 26, 2026.
- Brickwork Ratings India Private Limited is the monitoring agency.
Price Impact
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