Submission of results of e-voting and physical ballot in relation to resolutions considered at the Annual General Meeting, along with the Scrutiniser Report. All the resolutions have been ....
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Subam Papers Limited held its 21st Annual General Meeting on September 27, 2025, and the Scrutinizer Report dated September 28, 2025 confirms that all 9 resolutions were passed with the requisite majority. Total votes polled stood at 16,448,920 shares representing 70.76% of the total equity of 23,244,870 shares, with promoter group contributing 16,193,672 shares and public non-institutions contributing 255,248 shares. Resolutions included adoption of audited financial statements for FY25, re-appointment of retiring directors Ms. Sudha Alagarsamy and Mr. Ramasubbu Venkatesh, appointment of Mr. Arunachalam Anbu Sanjeevikani as Independent Director, appointment of John O & Associates as Secretarial Auditor, and four special resolutions covering Section 185 (loans/guarantees), Section 186 (raising inter-corporate loan/investment limits to Rs. 300 crore), Section 188 (related party transaction limits), and Section 180 (raising borrowing powers). All resolutions received 100% votes in favor with zero votes against and no invalid or abstained votes.
This is a routine post-AGM procedural filing confirming successful conduct of the 21st AGM with unanimous shareholder approval on all items. Shareholders should note the board has been granted expanded authority to raise borrowings, make inter-corporate investments up to Rs. 300 crore, and enter related party transactions, which could lead to higher debt or related-party activity in future quarters.