Sundaram Multi Pap Limited — Important, 06-03-2025: General Updates

Sundaram Multi Pap Limited has completed the divestment of its non-operational assets located in Nagpur, selling the industrial land for ₹19.225 crores. The company plans to utilize the proceeds strategically, beginning with the repayment of a bank loan totaling ₹15.32 crores, which is expected to save approximately ₹1.50 crores annually in interest costs. Additionally, ₹2.80 crores will be invested in automation at its Palghar facility, aimed at enhancing operational efficiencies, with projected annual savings of ₹1.20 crores and an expected revenue increase of ₹12 crores. The remaining funds will support working capital requirements. This move is set to strengthen financial performance by eliminating non-operational burdens and optimizing resource allocation, signaling a positive outlook for future growth and profitability.