Key Quantitative Figures

Standalone Financial Position (as of March 31, 2026)

  • Total Assets: ₹56,499.65 lakhs (Previous year: ₹50,094.80 lakhs)
  • Non-current Assets: ₹34,470.14 lakhs
  • Property, Plant and Equipment: ₹15,971.43 lakhs
  • Investments: ₹14,514.68 lakhs
  • Other financial assets: ₹592.14 lakhs
  • Other non-current assets: ₹3,281.88 lakhs
  • Current Assets: ₹22,029.51 lakhs
  • Inventories: ₹8,459.27 lakhs
  • Trade receivables: ₹11,884.65 lakhs
  • Cash and cash equivalents: ₹105.51 lakhs
  • Total Equity: ₹39,389.11 lakhs
  • Equity share capital: ₹2,747.93 lakhs
  • Other equity: ₹36,641.18 lakhs
  • Liabilities: ₹16,805.59 lakhs
  • Non-current liabilities: ₹1,771.85 lakhs
  • Current liabilities: ₹15,033.74 lakhs

Consolidated Financial Position (as of March 31, 2026)

  • Total Assets: ₹71,122.94 lakhs (Previous year: ₹57,207.34 lakhs)
  • Non-current Assets: ₹43,601.28 lakhs
  • Property, Plant and Equipment: ₹35,376.41 lakhs
  • Goodwill: ₹370.70 lakhs
  • Right of Use - Asset: ₹320.10 lakhs
  • Current Assets: ₹27,521.66 lakhs
  • Inventories: ₹9,881.85 lakhs
  • Trade receivables: ₹13,673.41 lakhs
  • Cash and cash equivalents: ₹244.63 lakhs
  • Total Equity: ₹40,802.08 lakhs
  • Equity share capital: ₹2,747.93 lakhs
  • Other equity: ₹37,091.47 lakhs
  • Non-Controlling Interest: ₹962.68 lakhs
  • Liabilities: ₹30,320.86 lakhs
  • Non-current liabilities: ₹9,509.07 lakhs
  • Current liabilities: ₹20,811.79 lakhs

Standalone Financial Performance (Year ended March 31, 2026)

  • Revenue from Operations: ₹48,987.84 lakhs
  • Total Income: ₹49,180.45 lakhs
  • Profit/(Loss) before tax: ₹1,046.43 lakhs
  • Tax Expenses: ₹-264.25 lakhs (includes current tax ₹-59.95 lakhs, deferred tax ₹-136.48 lakhs, prior period tax ₹263.85 lakhs)
  • Profit for the year: ₹-264.25 lakhs
  • Earnings Per Share: Basic and diluted not quantified in disclosure

Consolidated Financial Performance (Year ended March 31, 2026)

  • Profit/(Loss) before tax: ₹952.53 lakhs
  • Tax Expenses: ₹-320.52 lakhs
  • Profit for the year: ₹1,082.53 lakhs
  • Share of profit/(loss) of Associate Companies: ₹127.05 lakhs

Dates of Action

  • Board Meeting Date: May 26, 2026
  • Meeting Duration: 5:30 PM to 8:50 PM IST
  • Financial Period: Quarter and year ended March 31, 2026
  • Approval Date: May 26, 2026

Parties Involved

  • Statutory Auditors: M/s. CNGSN & Associates LLP (Firm Registration Number 004915S/S200036)
  • Auditor Partner: E K Srivatsan (Membership Number: 225064)
  • Subsidiaries Included in Consolidation:
  • Subam Paper and Boards Private Limited (Wholly Owned Subsidiary)
  • Subam Agro Ventures Private Limited (Wholly Owned Subsidiary)
  • Nellai Subam Packaging LLP (Subsidiary Entity)
  • Mercury Pack & Paper Products LLP (Subsidiary Entity)
  • Rajapalayam Success LLP (Subsidiary Entity)
  • Saradhambika Paper and Board Mills Private Limited (Associate Company)
  • BMM Paper Board Private Limited (Associate Company)

Audit Opinion

Both standalone and consolidated financial statements received unmodified opinions from statutory auditors CNGSN & Associates LLP.

Other Matters

For consolidated financial results, the auditors noted:

  • Three subsidiary entities and two associates were not audited by them
  • These unaudited components represent total assets of ₹4,833.49 lakhs, total revenues of ₹8,424.45 lakhs, and net profit after tax of ₹324.71 lakhs
  • The group's share of net profit from unaudited associates was ₹127.05 lakhs
  • The opinion on consolidated results regarding these entities is based solely on reports of other auditors and management-certified accounts

Financial Ratios (March 31, 2026)

Standalone Ratios

  • Current Ratio: 1.44
  • Debt-Equity Ratio: 0.16
  • Debt Service Coverage Ratio: 1.25
  • Return on Equity: 3.06%
  • Inventory Turnover Ratio: 6.50
  • Trade Receivables Turnover Ratio: 4.07
  • Trade Payables Turnover Ratio: 6.43
  • Net Capital Turnover Ratio: 7.32
  • Net Profit Ratio: 2.21%
  • Return on Capital Employed: 5.42%
  • Return on Investment: 39%

Consolidated Ratios

  • Current Ratio: 1.32
  • Debt-Equity Ratio: 0.41
  • Debt Service Coverage Ratio: 0.25
  • Return on Equity: 2.96%
  • Inventory Turnover Ratio: 7.76
  • Trade Receivables Turnover Ratio: 4.25
  • Trade Payables Turnover Ratio: 7.07
  • Net Capital Turnover Ratio: 8.70
  • Net Profit Ratio: 1.84%
  • Return on Capital Employed: 5.63%
  • Return on Investment: 39%

Cash Flow Information (Year ended March 31, 2026)

Standalone Cash Flows

  • Net cash from operating activities: ₹3,213.03 lakhs
  • Net cash used in investing activities: ₹-4,289.85 lakhs
  • Net cash from financing activities: ₹1,036.88 lakhs
  • Net decrease in cash: ₹-39.95 lakhs

Consolidated Cash Flows

  • Net cash from operating activities: ₹3,538.65 lakhs
  • Net cash used in investing activities: ₹-8,749.83 lakhs
  • Net cash from financing activities: ₹5,145.81 lakhs
  • Net decrease in cash: ₹-65.37 lakhs

Notes to Financial Statements

1. Financial statements prepared in accordance with Indian Accounting Standards (Ind AS)

2. Results reviewed by Audit Committee and approved by Board of Directors on May 26, 2026

3. Subjected to limited review by statutory auditors with unmodified report

4. Previous periods figures regrouped/reclassified where necessary

5. Quarterly financial results prepared pursuant to Regulation 33 of SEBI LODR