Subam Papers Ltd — Important, 30-05-2026: Company Update

Subam Papers Limited updated on its Preferential Issue funds. The company raised ₹74.36 Crore out of an offered ₹107.04 Crore, consisting of ₹64.36 Crore from equity shares and ₹10.00 Crore from convertible warrants (representing 25% advance). The company confirmed no deviation in the planned use of these funds. However, for the quarter, no amounts were disbursed towards debt repayment, subsidiary investment, or general corporate purposes. Utilization for investment and general corporate purposes is pending the receipt of the balance 75% share warrant amount.