Subam Papers Ltd — Updates, 26-05-2025: Company Update

Subam Papers Limited has announced a statement on the utilisation of funds raised through its IPO for the half-year ended March 31, 2025. The entire INR 93.71 Cr raised has been fully utilized as planned: INR 8.46 Cr on issue-related expenses, INR 75 Cr invested in its wholly-owned subsidiary for capital expenditure, and INR 10.25 Cr towards general corporate purposes. This clear fund deployment supports the subsidiary’s growth plans and overall corporate needs, reflecting disciplined capital allocation beneficial for shareholders.