Subam papers Limited has received listing approval from BSE Limited for the issue and allotment of 42,34,400 equity shares on a preferential basis. The development was communicated to the stock exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Issue Details

The preferential issue comprises equity shares with specific parameters as approved by BSE:

BSE Listing Approval

BSE Limited granted the listing approval through its letter bearing reference number LOD/PREF/PB/FIP/1822/2025-26 dated March 06, 2026. The exchange acknowledged receipt of the company's application along with all required enclosures and expressed satisfaction with the submission.

The listing approval allows these preferential shares to be dealt with on the BSE platform, subject to completion of trading approval formalities.

Compliance Requirements

BSE has outlined several compliance requirements that Subam Papers must fulfill:

• Ensure compliance with Regulation 167 of SEBI (ICDR) Regulations
• File shareholding pattern in XBRL mode under Regulation 31(1)(c) of SEBI LODR Regulations, 2015, if the change exceeds two percent of total paid-up share capital
• Submit confirmation letters from NSDL/CDSL about crediting shares to beneficiary accounts
• Provide confirmation about lock-in of pre-preferential holding, if applicable

Next Steps

The company has indicated it will file the application for trading approval with the stock exchange at the earliest. As per SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must apply for trading approval within seven working days from the date of listing approval grant.

Trading approval will be granted only after the company submits all required documents, including listing approval from National Stock Exchange of India Limited if applicable, and confirmation letters from depositories regarding the crediting of shares to respective accounts.

The communication was signed by T. Balakumar, Managing Director of Subam Papers Limited, with DIN 00440500, from the company's registered office in Vaduganpatti Village, Tirunelveli, Tamil Nadu.

Subam Papers Limited has announced its unaudited financial results for the quarter ended December 31, 2025, following the board meeting held on February 25, 2026. The Tamil Nadu-based packaging company submitted both standalone and consolidated financial statements along with limited review reports to BSE under Regulation 33 of SEBI LODR.

Standalone Financial Performance

The company's standalone operations showed a quarter-over-quarter revenue decline but maintained profitability. The board meeting, which commenced at 5:30 PM IST and concluded at 7:55 PM IST, approved the financial results as previously scheduled.

Consolidated Financial Results

The consolidated results, which include subsidiaries Subam Paper and Boards Private Limited, Subam Agro Ventures Private Limited, and three LLP entities, presented a different picture with significantly lower profitability.

Regulatory Compliance and Future Plans

The company continues to operate on BSE's SME platform under scrip code 544267. However, the board had approved a proposal for further equity share issuance on November 14, 2025, which received shareholder approval in an extraordinary general meeting on December 10, 2025. Upon completion of this issue, the post-issue paid-up equity share capital is expected to exceed ₹25.00 crores.

Auditor Review and Subsidiary Performance

CNGSN & Associates LLP, the company's statutory auditors, issued unmodified limited review reports for both standalone and consolidated results. The auditors noted that three subsidiaries with total assets of ₹3,223.65 lakhs contributed revenue of ₹1,049.00 lakhs but reported a net loss of ₹135.81 lakhs during the quarter.

These represent the company's first consolidated quarterly financial results prepared under Regulation 33 of SEBI LODR, marking a transition toward enhanced financial reporting requirements as the company prepares for potential migration from the SME platform.