Outcome / Proceedings of the Extra-Ordinary General Meeting of the Company held on December 10, 2025
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Subam Papers Ltd held an EGM on December 10, 2025, via video conferencing from 4:00 PM to 4:13 PM, attended by 17 members (5 promoter group and 12 public) out of 1,523 shareholders on record. Two special resolutions were passed with 100% votes in favour and zero dissent. Resolution 1 approved increasing the authorised share capital from Rs. 25.05 crore to Rs. 32.05 crore, with 70.20% of outstanding shares polled (1.63 crore votes). Resolution 2 approved issuing equity shares and warrants on a preferential basis to members of the promoter/promoter group and non-promoter allottees, with 0.54% of outstanding shares polled (1.24 lakh votes, after excluding interested promoter votes). Voting combined remote e-voting (Dec 7–9) and e-voting at the EGM, scrutinised by CS Sanam Umbargikar of DSM & Associates.
Shareholders cleared room for a larger equity base (Rs. 7 crore bump in authorised capital) and a preferential share/warrant issue to promoters and select allottees. For existing public shareholders, this signals potential dilution ahead, though it may also bring fresh capital into the company once the allotment is carried out.