Sundaram Multi Pap Ltd Calls Off Proposed Share Swap Transaction with Sundaram Land and Assets Private Limited

Sundaram Multi Pap Ltd has informed BSE that its Board of Directors will meet on March 5, 2026, to consider and approve the communication received from Sundaram Land and Assets Private Limited (SLAPL) dated February 27, 2026. SLAPL has conveyed its intention not to proceed with the proposed share swap transaction due to significant changes in market conditions and a reduction in the effective economic value of the originally proposed share swap consideration. The Board of SLAPL has resolved that the Company does not wish to proceed with the proposed transaction in its current form. Sundaram Multi Pap Ltd remains open to evaluating any future proposals that may be mutually beneficial and commercially aligned.