Sundaram Multi Pap Limited , a manufacturer of exercise books and paper stationery, has announced a significant corporate action that could reshape its business landscape. The company's board has approved a share swap deal to acquire a majority stake in Sundaram Land and Assets Private Limited, marking a strategic move into new business verticals.

Key Details of the Acquisition

• Acquisition Target: Sundaram Land and Assets Private Limited
• Stake to be Acquired: 52.38% of the target company
• Mode of Acquisition: Share swap through preferential allotment
• Number of Shares to be Issued: 7.04 crore equity shares
• Issue Price: Rs 3.35 per share (including a premium of Rs 2.35)
• Total Deal Value: Approximately Rs 23.58 crore

Strategic Rationale

The acquisition aims to diversify Sundaram Multi Pap's business portfolio. The target company operates in logistics and assets with a focus on:

1. Urban infrastructure solutions
2. Project design & development services
3. Digital assets & intellectual property
4. Construction-linked innovation verticals for the paper and stationery industry

This move is expected to complement Sundaram Multi Pap's existing paper and stationery business while opening up new avenues for growth in related sectors.

Financial Snapshot of the Target Company

Transaction Structure

• The share swap involves 56 non-promoter allottees who are shareholders of Sundaram Land and Assets Private Limited.
• Post-allotment, these new investors will collectively hold approximately 12.93% of Sundaram Multi Pap's expanded share capital.
• The largest individual allotment is to New Age Capital Partners, set to receive 64 lakh shares, representing about 1.18% of the post-allotment share capital.

Next Steps

1. An Extraordinary General Meeting (EGM) is scheduled for November 12, 2025, to seek shareholder approval for the preferential allotment.
2. Subject to regulatory approvals, the acquisition is expected to be completed within 15 days after the EGM.

Market Implications

This acquisition represents a significant step for Sundaram Multi Pap, potentially transforming it from a pure-play stationery manufacturer into a more diversified entity with interests in urban infrastructure and innovative construction solutions. Investors and market watchers will likely be keen to observe how this strategic move impacts the company's growth trajectory and financial performance in the coming quarters.

As the deal progresses, stakeholders should monitor for any regulatory updates and the outcome of the upcoming EGM, which will be crucial for the completion of this transaction.

Sundaram Multi Pap Limited , a manufacturer of exercise books and paper stationery, has announced a significant change in its upcoming board meeting schedule. The company has rescheduled its Board Meeting from August 20, 2025, to August 25, 2025, citing concerns about director availability.

Key Agenda Items

The rescheduled board meeting will address several crucial matters:

1. Proposed Acquisition: The board will consider approving the acquisition of a 53.00% equity stake in Sundaram Land and Assets Private Limited. This acquisition is proposed to be executed through a share swap arrangement, based on valuation reports from appointed valuers.

2. 31st Annual General Meeting: The board will review and approve the draft notice for the company's 31st Annual General Meeting. This notice will include resolutions for:

   • Adopting the audited financial statements for the year ended March 31, 2025
   • Approving the Directors' Report for the same financial year

3. Equity Share Issuance: If the acquisition proposal is approved, the company will issue equity shares as consideration, subject to necessary approvals.

Trading Window Closure

In line with the company's Code of Conduct for Prevention of Insider Trading, Sundaram Multi Pap has announced that the trading window for dealing in the company's securities will remain closed for all designated persons and their immediate relatives. This closure will extend until 48 hours after the conclusion of the board meeting on August 25, 2025.

Company Details

Sundaram Multi Pap Limited, with its registered office in Mumbai, operates under CIN: L21098MH1995PLC086337. The company's securities are listed on both the BSE and the National Stock Exchange of India.

This rescheduling and the potential acquisition highlight Sundaram Multi Pap's strategic moves in the market. Shareholders and investors will be keenly watching the outcomes of this crucial board meeting, which could significantly impact the company's future direction.