Sundaram Multi Pap Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
SUNDARAM · price
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Sundaram Multi Pap Limited's board met on August 12, 2025 and approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations came in at Rs 4,065.99 lakhs, down from Rs 4,241.91 lakhs in the same quarter last year. The company swung to a net loss of Rs 44.38 lakhs compared to a profit of Rs 25.18 lakhs in Q1 FY25, with EPS at Rs (0.01). The board appointed M/s. GR Shah and Associates as Secretarial Auditor for five years from FY 2025-26 to FY 2029-30, subject to shareholder approval. Importantly, the board is exploring acquiring up to 53% equity in Sundaram Land and Assets Private Limited and has appointed valuation, legal, and due-diligence advisors; no final acquisition decision has been made yet. The statutory auditors issued a qualified review report, flagging unconfirmed trade receivable balances and inadequate provisioning for long-outstanding dues.
The weak Q1 results, with a return to loss and a qualified auditor opinion on receivables, are negative for near-term sentiment. The potential 53% acquisition in Sundaram Land and Assets could be a strategic pivot for the company, but the next board meeting on August 20, 2025 will be the key trigger for clarity on whether the deal proceeds and at what valuation.