Subam Papers Limited has formally notified the BSE about an upcoming board meeting scheduled to review its quarterly financial performance. The Tamil Nadu-based packaging company will convene its board of directors on February 25, 2026, to deliberate on crucial financial matters for the third quarter of fiscal year 2026.

Meeting Agenda and Financial Review

The board meeting has been specifically convened to consider and approve key financial documents for the quarter ended December 31, 2025. The primary agenda includes reviewing unaudited standalone and consolidated financial statements along with the accompanying Limited Review Report.

Trading Window Restrictions

In accordance with regulatory compliance requirements, Subam Papers has implemented trading restrictions as mandated under SEBI regulations. The company had previously intimated on February 04, 2026, about the closure of the trading window for dealing in company securities.

The trading window restrictions apply comprehensively to multiple stakeholder categories:

• All company directors
• Promoters and their associates
• Designated persons under insider trading norms
• Connected persons as defined in regulations
• Immediate relatives of the above categories

Regulatory Compliance Framework

The company's actions align with multiple regulatory frameworks governing listed entities in India. The trading window closure follows the company's Code of Conduct for Prevention of Insider Trading, which has been framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.

Company Information

Subam Papers Limited operates from its registered office located in Vaduganpatti Village, Tirunelveli, Tamil Nadu. The company, incorporated in 2004, operates in the paper manufacturing sector with a focus on packaging solutions. The notification was signed by T. Balakumar, Managing Director, who holds DIN 00440500.

The trading window will remain closed until 48 hours after the declaration of financial results or until any unpublished price sensitive information becomes generally available, whichever occurs later. This measure ensures compliance with insider trading prevention norms and maintains market integrity during the results announcement period.

Subam Papers Limited has successfully completed a significant preferential allotment, raising ₹104.38 crores through the issuance of warrants and equity shares. The Board of Directors approved the allotment on February 04, 2026, marking a major capital raising initiative for the Tamil Nadu-based packaging company.

Allotment Details and Structure

The company allotted a total of 68,67,200 securities comprising 26,32,800 warrants and 42,34,400 equity shares at ₹152.00 per security, including a premium of ₹142.00. The face value of each security stands at ₹10.00.

Warrant Allotment to Promoters

The warrant issuance was exclusively allocated to promoters and promoter group entities. Thirupathi Balakumar, the Managing Director, received the largest allocation of 13,16,000 warrants for ₹20,00,32,000.00. BMM Paper Board Private Limited, a promoter group entity, was allotted 9,87,200 warrants worth ₹15,00,54,400.00, while promoter Alagarsamy Sudha received 3,29,600 warrants valued at ₹5,00,99,200.00.

Equity Share Distribution

The equity shares were allocated to 47 public investors, with Madhuri Madhusudan Kela receiving the largest allocation of 19,28,000 shares for ₹29,30,56,000.00. Other significant allottees include Invicta Continuum Fund I with 4,99,200 shares worth ₹7,58,78,400.00 and Invicta Finserv Private Limited with 2,99,200 shares valued at ₹4,54,78,400.00.

Warrant Conversion Terms

The warrants carry specific conversion terms with an 18-month exercise period from the date of allotment. Each warrant is convertible into one equity share of face value ₹10.00. For the warrants, allottees paid ₹38.00 per warrant at the time of allotment, with the remaining ₹114.00 payable upon conversion to equity shares. The warrants can be converted in one or more tranches during the tenure period.

Regulatory Compliance and Payment Structure

The allotment was conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The company confirmed receipt of all application money and forms from the 50 allottees as specified in the Notice of Extra-Ordinary General Meeting dated November 14, 2025, and its corrigendum dated December 05, 2025. The securities are subject to lock-in restrictions as prescribed under SEBI regulations.