Key Board Approvals

The Board of Directors of Subam Papers Limited approved the following items:

1. The unaudited Standalone Financial Statements along with the Limited Review Report for the half year ended September 30, 2026.

2. The unaudited Consolidated Financial Statements along with the Limited Review Report for the half year ended September 30, 2026.

3. A proposal to change the company name from 'Subam Papers Limited' to 'Subam Recycling and Packaging Limited'. This change is subject to approval from the company's shareholders and any required regulatory or governmental approvals.

Financial Performance Highlights (Standalone)

For the Half Year Ended September 30, 2026 (Unaudited):

  • Total Income: ₹29,729.86 Lakhs
  • Total Expenses: ₹30,686.25 Lakhs (calculated)
  • Profit/(Loss) before exceptional items and tax: ₹1,309.51 Lakhs
  • Exceptional Items: A loss of ₹2,701.36 Lakhs due to inventory lost in a fire.
  • Profit/(Loss) before tax: (₹956.39) Lakhs
  • Net Profit/(Loss) for the period: (₹987.54) Lakhs
  • Earnings Per Share (Basic): (₹3.59)
  • Earnings Per Share (Diluted): (₹2.28)

For the Quarter Ended September 30, 2026 (Unaudited):

  • Total Income: ₹15,750.28 Lakhs
  • Profit/(Loss) before exceptional items and tax: ₹72.64 Lakhs
  • Exceptional Items: A loss of ₹2,701.36 Lakhs due to inventory lost in a fire.
  • Profit/(Loss) before tax: (₹1,974.93) Lakhs
  • Net Profit/(Loss) for the period: (₹1,737.91) Lakhs
  • Earnings Per Share (Basic): (₹6.32)
  • Earnings Per Share (Diluted): (₹5.79)

Financial Performance Highlights (Consolidated)

For the Half Year Ended September 30, 2026 (Unaudited):

  • Total Income: ₹37,729.73 Lakhs
  • Profit/(Loss) before exceptional items and tax: ₹1,015.77 Lakhs
  • Exceptional Items: A loss of ₹2,957.59 Lakhs due to inventory lost in a fire.
  • Profit/(Loss) before tax: (₹1,941.82) Lakhs
  • Net Profit/(Loss) for the period attributable to owners: (₹1,817.84) Lakhs
  • Earnings Per Share (Basic): (₹6.58)
  • Earnings Per Share (Diluted): (₹6.01)

For the Quarter Ended September 30, 2026 (Unaudited):

  • Total Income: ₹20,524.76 Lakhs
  • Profit/(Loss) before exceptional items and tax: ₹732.85 Lakhs
  • Exceptional Items: A loss of ₹2,957.50 Lakhs due to inventory lost in a fire.
  • Profit/(Loss) before tax: (₹2,224.74) Lakhs
  • Net Profit/(Loss) for the period attributable to owners: (₹1,783.28) Lakhs
  • Earnings Per Share (Basic): (₹6.49)
  • Earnings Per Share (Diluted): (₹5.82)

Exceptional Item: Inventory Loss Due to Fire

During the quarter ended September 30, 2026, the company incurred an inventory loss of ₹2,701.36 Lakhs (standalone) / ₹2,957.59 Lakhs (consolidated) due to a fire. The affected inventory was covered under an insurance policy with New India Assurance Company Limited.

As of September 30, 2026, the insurance claim was under process with the insurer. The assessment and determination of the eligible claim amount were ongoing. The company has not recognized any insurance compensation receivable in these financial statements and will account for it upon satisfaction of the relevant recognition criteria.

Financial Position (Standalone - as of September 30, 2026)

  • Total Assets: ₹61,198.05 Lakhs (Previous: ₹56,499.65 Lakhs as of March 31, 2026)
  • Total Equity: ₹38,412.25 Lakhs (Previous: ₹39,389.11 Lakhs)
  • Total Borrowings: ₹9,754.62 Lakhs (₹99.38 Lakhs Non-Current + ₹9,655.24 Lakhs Current)

Subsidiaries and Limited Review Scope

The consolidated results include the following entities: Subam Paper and Boards Private Limited (Wholly Owned Subsidiary), Subam Agro Ventures Private Limited (Wholly Owned Subsidiary), Mercury Pack & Paper Products LLP (Subsidiary), Rajapalayam Success Packaging's LLP (Subsidiary), and Nellai Subam Packaging LLP (Subsidiary).

The statutory auditors, CNGSN & Associates LLP, did not review the unaudited financial information of 3 subsidiaries as they were deemed not material to the group by management.