Subam Papers Limited reported nil deviation in utilizing ₹74.36 Crore raised via preferential issue. Funds were primarily deployed for debt repayment and general corporate purposes.
Subam Papers revised its preferential issue fundraise to ₹104.37 Crore following under-subscription. The adjustment reflects reduced allocation for general corporate purposes.
Subam Papers Limited confirmed the full utilisation of ₹107.04 Crore raised through a preferential issue. Brickwork Ratings verified the deployment for debt repayment and investment.
