Announcement under Regulation 30 of SEBI LODR in relation to new line of business to be commenced by Wholly Owned Subsidiary

Subam Papers Ltd announced that its wholly owned subsidiary, Subam Paper and Boards Private Limited, will venture into the logistics and transportation business under a new vertical named VIB Logistics. The subsidiary will initially set up the division to handle the parent company's own movement, storage, and delivery of goods, aiming to cut logistics and transportation costs. It will later offer these services to external clients as well. The estimated investment in this new vertical is up to Rs. 10 Crores. Shareholders of the subsidiary approved the necessary amendment to the object clause of the Memorandum of Association at an EGM held on August 13, 2025.