Subam Papers Reports No Fund Utilization Deviation for Q1 FY27

Subam Papers Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through its preferential issue for the quarter ended June 30, 2026. The funds were raised via a preferential issue of Equity Shares and Convertible Warrants, totaling ₹107.04 Crore offered and ₹74.36 Crore received. The company clarified that the total issue proceeds were revised to ₹104.37 Crore due to under-subscription. The utilization aligns with the stated objects, with ₹73.00 Crore allocated for debt repayment and ₹0.00 Crore for investment in a wholly-owned subsidiary for a corrugated box unit. A minor adjustment was made to General Corporate Purposes, reducing its allocation from ₹4.03 Crore to ₹1.36 Crore due to the revised total proceeds. The Audit Committee and Board have reviewed and approved the statement.