Monitoring Agency Report for quarter ended 30 June 2026

AUSTRIA Ref: SUBAM/BSE/29/2026 - Date: August 12, 2026 The Manager (Listing), BSE Limited, P. J. Towers, Dalal Street, Mumbai — 400001 Dear Sir / Madam, Scrip Code : 544267 Sub: Monitoring Agency Report for the‘quarter ended June 30, 2026 Pursuant to Regulation 162A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 read with Regulation 32) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations”) enclose herewith the Monitoring Agency Report dated August 05, 2026, issued by Brickwork Ratings India Private Limited with respect to the utilization of proceeds, raised by the Company through preferential issue. In terms of the said Monitoring Agency Report, the proceeds from the preferential issue have been fully utilized by the Company for the purposes stated in the offer documents. We request you to take the above on record Yours faithfully, For Subam Papers Limited Managing Director ~ _ T. Balakumar DIN: 00440500 Place: Vaduganpatti/ Tirunelveli SUBAM PAPERS LIMITED Reg. Off. S.F.No. 143-146, Vaduganpatti Village, Nadukallur to Tirunelveli, Tirunelveli Taluk. Tirunelveli - 627 010, Tamil Nadu, India. Contact No: 9489926130, E-mail ID: finance@subampapers.com - Website: www.subampapers.com » CIN No : U2101 LC054403, GSTIN:33AAICS5376E1ZA uzoumzuMBL%B 238 - et. u Brickwork Ratings India Private Limited BRICV\%’/ORK'M 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 Second Monitoring Agency Report for Subam Papers Limited for the quarter ended June 30, 2026 info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591 = Brickwork Ratings India Private Limited BRICK“’/ORK 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 BWR/2026-27/IPM/SPL/02 August 05, 2026 Mr. Mohamed Nizar Jahir Hussain Chief Financial Officer Subam Papers Limited S.F. No. 143-146 Vaduganpatti Village Nadukallur to Tirunelveli, Tamil Nadu - 627010, India Dear Sir, Second Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue of Subam Papers Limited (“the Company”) Pursuantto Regulation 162A of SEBI (Issue of Capitaland Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated November 14, 2025, Brickwork Ratings (BWR) has prepared the Second Monitoring Agency Report, as per SchedulXel of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Preferential Issue aggregating to Rs.104.37 Crore of the Company. In this connection, we are enclositnhge Monitoring Agency Repoforr tthe quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated November 14, 2025. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Digitally signed by NIRAJ KUMAR RATHI DN: c=IN, postalCode=560076, st=KARNATAKA, street=293 AND 322 3RD FLOOR BRICKWORK RATINGS INDIA PVT LTD RAJ ALKAA PARK KALENA AGRAHARA, BANNERGHATTA ROAD KARNATAKA, I=BENGALURU URBAN, 0=BRICKWORK RATINGS INDIA PRIVATE LIMITED, ou=COMPANY, serialNumber=3a14b9a614eba7a b1e02c2db74fc4964c271 16f bS4cSaa33aadcdd7490c50cec, pseudonym=71e2d68268f4684aee77adbee1612657, 2.54.20=2ab3c4{779008c5cf0d6f1 0a644a5h6612fffe98879fce bBac14a14581414bde, R AT H I email=NIRAJR@BRICKWORKRATINGS.COM, cn=NIRAJ KUMAR RATHI Date: 2026.08.05 15:0222 +0530' Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591 Brickwork Ratings India Private Limited .BRICV\“’/ORK'M 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 Report of the Monitoring Agency (MA) Name of the issuer: Subam Papers Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickwork Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: Not Applicable Declaration: We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair vioef twhe utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reportitnhge utilization of the issue proceeds by the issuer. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creatinag fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s ManagemenAutd/it Committee of the Board of Directors after the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Digitallysigned by NIRAJ KUMAR RATHI DN: c=IN, postalCode=560076, st=KARNATAKA, street=293 AND 322 3RD. FLOOR BRICKWORK RATINGS INDIA PVT LTD RAJ ALKAA PARKKALENA AGRAHARA, BANNERGHATTA ROAD KARNATAKA, I=BENGALURU URBAN, 0=BRICKWORK RATINGS INDIA PRIVATE LITED, ou=COMPANY, serialNumber=3a14b9264ba102719471 ea7be2cdbacd2s1 16fbSacsaa3san Signature: Name of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591 Brickwork Ratings India Private Limited BRICKWORK" 3rd Floor, Raj Alkaa Park, Kalena Agrahara Bannerghatta Road, Bengaluru - 560 076 RATINGS P: +91 80 4040 9940/9999 1) Issuer Details: Name of the issuer: Subam Papers Limited Names of the promoter: Mr. T Balakumar and Mrs. Sudha Alagarsamy Industry/ sectotro which it belongs: Paper and Paper Products 2) Issue Details: Issue period: January 28, 2026, to February 03, 2026 Type of issue (public/ rights): Preferential Issue Type of specified securities: Equity Shares and Convertible Warrants IPO Grading, if any: NA Issue size (in X Crore): 104.37 Amount Particulars Total Nuw})er of Price (%) Value as per Offer Document Received Securities (X [Showing first 8,000 characters — download PDF for full document]