Subam Papers' Wholly Owned Subsidiary to Venture into Logistics and Transportation Business with an Investment up to Rs. 10 Crores

Subam Papers Ltd. has announced that its wholly owned subsidiary, Subam Paper and Boards Private Limited, intends to venture into a new line of business in logistics and transportation. A separate vertical named VIB Logistics will be set up for this purpose. The new division is expected to carry out movement, storage, and delivery of goods more efficiently for in-house purposes, thereby saving on logistics and transportation costs. Additionally, the division will undertake logistics and transportation for external clients. The estimated investment for this venture is up to Rs. 10 Crores. This announcement was made in accordance with Regulation 30 of SEBI Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.