Scrutinizer''s Report for the Outcome of the Extra-Ordinary General Meeting of the Company held on December 10, 2025
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Subam Papers Limited held an Extra-Ordinary General Meeting (EGM) on December 10, 2025, via video conferencing, which lasted only 13 minutes (4:00 PM to 4:13 PM). A total of 17 members attended the meeting. Two special resolutions were passed with 100% approval and zero dissent. Resolution 1 approved an increase in the authorised share capital from Rs. 25.05 crore to Rs. 32.05 crore. Resolution 2 approved the issue of equity shares and warrants on a preferential basis by way of private placement to members of the promoter and promoter group, as well as to non-promoter proposed allottees. The remote e-voting window was open from December 7 to December 9, 2025.
The authorised capital hike gives the company room to issue more shares in the future. The preferential allotment of equity shares and warrants to promoters and select non-promoter allottees means existing public shareholders may face dilution once these are issued, and the stock price could be sensitive to the final issue price.