Notice of Annual General Meeting and Annual Report for Financial Year 2024-25
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Subam Papers Limited has issued the notice for its 21st Annual General Meeting scheduled for Saturday, September 27, 2025 at 10:30 am 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 to September 26, 2025 via CDSL. Ordinary business includes adoption of FY2024-25 audited financial statements and re-appointment of two retiring directors — Mr. Ramasubbu Venkatesh and Ms. Sudha Alagarsamy. Special business includes appointing M/s John O & Associates as Secretarial Auditors for five years (FY2025-26 to FY2029-30) and Mr. Arunachalam Anbu Sanjeevikani as an Independent Director for a five-year term starting September 27, 2025. The company is also seeking shareholder approval to raise borrowing limits to ₹350 crore, inter-corporate loan/investment limits to ₹300 crore, related party transaction limits to ₹200 crore, and a Section 185 loan/guarantee limit of ₹250 crore.
Shareholders should review the financial statements and the significant proposed increases in borrowing, lending, and related-party transaction limits, as these expand the Board's financial flexibility. The new independent director appointment and five-year secretarial auditor appointment indicate governance continuity. Voting is open via CDSL e-voting and at the AGM, with September 20, 2025 as the record date for voting eligibility.