Sundaram Multi Pap Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) notice, providing clarifications and additional information regarding its proposed preferential issue of equity shares. The company aims to issue 7.04 crore equity shares on a preferential basis, with the EGM scheduled for November 12, 2025, through video conference.

Key Updates in the Corrigendum

1. Share Issuance Details:

   • The company will issue 7,04,00,000 (Seven Crores Four Lakhs) equity shares.
   • The term 'rounded off' has been removed from all instances in the EGM notice.

2. Relevant Date and Floor Price:

   • The relevant date for determining the floor price is October 13, 2025, being the working day preceding 30 days prior to the EGM date.

3. Shareholding Pattern Changes:

   • Post-preferential issue, the promoter shareholding will decrease from 31.11% to 27.09%.
   • Public shareholding will increase from 68.89% to 72.91%.

Detailed Shareholding Structure

Additional Clarifications

1. Non-Participation of Insiders:

   • The company confirmed that none of its current promoters, directors, key managerial personnel, or senior management will participate directly or indirectly in the proposed preferential allotment.

2. Allottee Details:

   • The corrigendum lists 56 proposed allottees, all classified as non-promoter/public investors.
   • New Age Capital Partners, represented by Dr. V. V. L. N. Sastry, is set to receive the largest allocation of 64,00,000 shares, which will constitute 1.18% of the post-issue share capital.

3. Compliance and Certifications:

   • A certificate from ACS M/s. G R Shah & Associates, Practicing Company Secretary, confirming compliance with ICDR Regulations, is available on the company's website.
   • The company has declared compliance with continuous listing conditions and eligibility for the preferential issue under SEBI ICDR Regulations.

4. Regulatory Assurances:

   • Sundaram Multi Pap affirmed that neither the company nor its directors/promoters have been declared willful defaulters or fugitive economic offenders.
   • The company also confirmed that none of its promoters or directors are fraudulent borrowers.

This corrigendum comes in response to clarifications requested by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) following Sundaram Multi Pap's applications for in-principle approval of the preferential issue. The updated information aims to provide greater transparency and compliance with regulatory requirements for the upcoming EGM and the proposed share allotment.

Investors and stakeholders are advised to review the full corrigendum, which is available on the company's website and the stock exchanges, for a comprehensive understanding of the changes and additional disclosures made by Sundaram Multi Pap Limited.

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.