Notice of Annual General Meeting and Annual Report for Financial Year 2024-25
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Subam Papers Limited has notified its 21st Annual General Meeting to be held on Saturday, September 27, 2025 at 10:30 a.m. at its registered office in Tirunelveli, Tamil Nadu. The cut-off date for e-voting eligibility is September 20, 2025, with remote e-voting open from September 23-26, 2025. Key business includes adoption of FY25 financial statements, re-appointment of two retiring directors (Mr. Ramasubbu Venkatesh and Ms. Sudha Alagarsamy), appointment of M/s John O & Associates as Secretarial Auditor for 5 years, and appointment of Mr. Arunachalam Anbu Sanjeevikani as Independent Director for a 5-year term. Several special resolutions seek enhanced financial flexibility: ₹250 Cr limit for loans to director-related entities under Section 185, ₹300 Cr limit for inter-corporate loans and investments under Section 186, ₹200 Cr related party transaction limit under Section 188, and ₹350 Cr borrowing limit under Section 180.
Routine AGM notice with standard governance items and re-appointments. The special resolutions significantly expand the company's borrowing, lending, and related-party transaction limits, signaling potential growth or capital-raising plans ahead. Shareholders should review the large increases in financial thresholds (up to ₹350 Cr borrowings and ₹300 Cr investments) as these indicate the company is positioning for larger financial activities.