Subam Papers Ltd — Important, 14-05-2026: Company Update

Subam Papers Limited's monitoring agency confirmed the full utilization of funds from its 107.04 Cr preferential issue. The company received 74.36 Cr, with 73.00 Cr used for debt repayment and 1.36 Cr for general corporate purposes. Funds for a new 30.01 Cr corrugated box unit investment are ongoing. The remaining 75% of warrant issue proceeds will be received within 18 months. The agency reported no deviation from the issue's stated objects, providing assurance on capital deployment.