Subam Papers reported a net profit of ₹1,054.20 lakh for the financial year ended March 31, 2026, on a standalone basis, compared to ₹3,472.37 lakh in the previous year. On a consolidated basis, the company recorded a net profit of ₹952.53 lakh for the same period. The Board of Directors approved the audited standalone and consolidated financial statements on May 26, 2026. M/s. CNGSN & Associates LLP, Statutory Auditors, issued an unmodified opinion on the financial results, which were submitted to BSE Limited under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q4 Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹400.72 lakh on a standalone basis, an improvement from a net loss of ₹320.52 lakh in the same quarter of the previous year. Q4 revenue from operations stood at ₹1,237.13 lakh, up from ₹1,098.30 lakh year-on-year.

Full Year Financial Performance

For the financial year ended March 31, 2026, total income on a standalone basis was ₹4,951.55 lakh, compared to ₹4,545.39 lakh in the previous year. On a consolidated basis, total income stood at ₹5,851.72 lakh. Basic earnings per share (EPS) for the standalone entity were reported at ₹4.53 for the year.

Key Financial Metrics

The audited statement of assets and liabilities indicated that the company's total assets increased to ₹5,649.97 crore standalone and ₹7,112.29 crore consolidated as of March 31, 2026.

Subam Papers revised its project cost to ₹104.37 crore from ₹107.04 crore following an under-subscription in its preferential issue. The company raised ₹74.36 crore against the targeted ₹107.04 crore, resulting in a shortfall that necessitated a reduction in the allocation for General Corporate Purposes. The funds were initially intended for debt repayment, investment in a subsidiary, and general corporate purposes.

The Board of Directors had previously approved the fund raise on November 14, 2025, and shareholders endorsed the plan at an Extra-Ordinary General Meeting on December 10, 2025. The preferential issue comprised 26,32,800 Convertible Warrants and 44,09,600 Equity Shares, both priced at ₹152.00 each. The warrants were allocated to the Promoters and Promoter Group, while the equity shares were offered to Non-Promoter (Public) category investors.

Fund Utilisation and Shortfall

The company received ₹64.36 crore against the proposed ₹67.02 crore from the preferential issue of Equity Shares due to under-subscription. Additionally, ₹10.00 crore was received against Convertible Warrants, representing 25% of the total warrant issue proceeds. The total proceeds of ₹74.36 crore fell short of the targeted ₹107.04 crore, leading to a ₹2.66 crore deficit in the equity issue proceeds.

In response, the Board of Directors, at a meeting on May 26, 2026, revised the project cost and fund utilisation plan. The allocation for General Corporate Purposes was reduced from ₹4.03 crore to ₹1.36 crore. The overall project cost was adjusted downward from ₹107.04 crore to ₹104.37 crore to align with the actual funds raised.

Revised Fund Allocation

The revised utilisation of the proceeds is as follows:

The investment in the wholly-owned subsidiary, Subam Paper and Boards Private Limited, is intended for setting up a Corrugated Box Unit. The company informed the BSE Limited of the revision on May 27, 2026.