News Corporate Actions Subam Papers Limited Receives BSE In-Principle Approval for Preferential Issue of Warrants and Equity SharesSubam Papers Limited Receives BSE In-Principle Approval for Preferential Issue of Warrants and Equity Shares
Subam Papers Limited has secured BSE in-principle approval for issuing 26,32,800 warrants and 44,09,600 equity shares on preferential basis at Rs. 152 per share. The approval covers equity shares to non-promoters and warrant conversions for promoters under SEBI regulations. The company must comply with comprehensive regulatory requirements and trading restrictions before proceeding with allotment and subsequent listing application within twenty days.
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Subam papers Limited has received in-principle approval from BSE Limited for a significant preferential issue comprising warrants and equity shares. The approval, communicated through BSE letter LOD/PREF/TT/FIP/1579/2025-26 dated January 23, 2026, marks an important step in the company's capital raising initiative.
Preferential Issue Details
The BSE approval covers the issue and allotment of securities on a preferential basis under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The preferential issue structure includes specific allocations for different investor categories.
| Security Type: | Quantity | Face Value | Issue Price | Allottee Category |
|---|---|---|---|---|
| Equity Shares: | 44,09,600 | Rs. 10 | Not less than Rs. 152 | Non-promoters |
| Warrants (convertible to equity): | 26,32,800 | Rs. 10 | Not less than Rs. 152 | Promoters |
Regulatory Compliance Requirements
BSE has outlined comprehensive compliance requirements that Subam Papers must fulfill before proceeding with the allotment. The company must ensure strict adherence to multiple regulatory frameworks including:
- Companies Act, 2013
- Securities Contracts (Regulation) Act, 1956
- Securities and Exchange Board of India Act, 1992
- Depositories Act, 1996
- Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Trading Restrictions and Internal Controls
The exchange has mandated specific measures to prevent non-compliance with trading regulations. Key requirements include:
- Obtaining undertakings from allottees confirming no intra-day trading in company scrip
- Ensuring no sales in company scrip until allotment date
- Strengthening internal controls to monitor trades by proposed allottees
- Verification of compliance with Regulation 167(6) of SEBI ICDR regulations, 2018
Post-Allotment Obligations
Upon completion of the allotment, Subam Papers must fulfill several post-issue formalities within specified timeframes. The company is required to make a listing application within twenty days from the date of allotment, as per Schedule XIX – Para (2) of ICDR Regulations and SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.
Management Communication
The company formally communicated the approval to BSE Limited on January 27, 2026, through a letter signed by T. Balakumar, Managing Director (DIN: 00440500). The communication was made pursuant to Regulation 30 of the SEBI Listing Regulations, emphasizing the company's commitment to transparent disclosure practices.
BSE has reserved the right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or in contravention of applicable regulations. The approval specifically clarifies that it should not be construed as approval for listing of the securities, requiring separate compliance for listing requirements.
Historical Stock Returns for Subam Papers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.67% | -4.15% | -10.22% | +136.07% | +55.71% | +20.72% |
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