Announced Wed, 22 Jul · 19:18 IST
Subam Papers leases assets from wholly owned subsidiary for INR 3 Crore
Business Updates View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹221.25
prior close
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AI summary
Subam Papers has entered a lease agreement with its wholly owned subsidiary Subam Paper and Boards Private Limited to take on lease plant and machinery for paper manufacturing and co-generation. Lease rent: INR 2 Crore for paper production plant plus INR 1 Crore for power generation. Tenure: 11 months from 1 Aug 2026 to 30 Jun 2027. Purpose: expand operational capacity and optimise group infrastructure. Board approved; exempt from shareholder approval.
Likely market impact
Internal group restructuring to expand capacity; no material impact on minority shareholders as deal is at arm's length and exempt from shareholder approval.