Board Meeting5 Mar 2026, 12:17 pm
Sundaram Multi Pap Ltd Abandons Proposed Preferential Issue of 7,04,00,000 Equity Shares
AI Summary
The board of directors of Sundaram Multi Pap Ltd has considered the letter received from Sundaram Land and Assets Private Limited (SLAPL) and decided not to proceed further with the proposed preferential issue of 7,04,00,000 equity shares. The decision was made after SLAPL conveyed its intention not to proceed with the proposed share swap transaction. The proposed preferential issue, which was approved at the Extraordinary General Meeting of the Company held on November 12, 2025, stands withdrawn.
Key Highlights
- Sundaram Multi Pap Ltd has decided not to proceed with the proposed preferential issue of 7,04,00,000 equity shares.
- The decision was made after Sundaram Land and Assets Private Limited conveyed its intention not to proceed with the proposed share swap transaction.
- The proposed preferential issue was approved at the Extraordinary General Meeting of the Company held on November 12, 2025.
- The proposed preferential issue stands withdrawn.