Proceedings of AGM held on September 27, 2025
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Subam Papers Ltd held its 21st AGM on September 27, 2025, at its registered office in Tirunelveli, Tamil Nadu, from 10:30 AM to 10:51 AM IST. The meeting was chaired by Managing Director Mr. T. Balakumar, with 18 members present in person and 2 through authorised representatives. The audited standalone and consolidated financial statements for FY ended March 31, 2025, were approved, and the statutory auditor's report had no qualifications. Nine resolutions were transacted, including appointments of two retiring directors (Mr. Ramasubbu Venkatesh and Ms. Sudha Alagarsamy), appointment of a secretarial auditor, and induction of Mr. Arunachalam Anbu Sanjeevikani as an Independent Director.
The increased borrowing and inter-corporate investment limits (up to Rs. 300 crores) and expanded related-party transaction thresholds suggest the company is preparing for higher financial leverage or expansion activity, which shareholders should monitor. The AGM was a routine procedural meeting with no disruptive announcements, and final voting outcomes are still awaited.