Statement of deviation or variation in utilisation of funds raised through preferential issue for the quarter ended june 30,2026

Ref: SUBAM/BSE/30 /2026 Date: August 13, 2026 The Manager (Listing), BSE Limited, P. J. Towers, Dalal Street, Mumbai — 400001 Dear Sir/ Madam, Scrip Code: 544267 Subject: Statement of deviation or variation in utilization of funds raised through Preferential Issue for the quarter ended June 30, 2026 Pursuant to Regulation 32 of SEBI '(Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the statement of deviation or variation regarding the utilization of funds raised through Preferential Issue for the quarter ended June 30, 2026. The said statement has been reviewed by the Audit Committee and Board at their meeting held on August 12, 2026. Furthermore, we confirm that there has been no deviation or variation in the utilization of funds from the objects stated in the explanatory statement to the notice for the Preferential Issue. We request you to take the above information on record. Thanking you 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 : U21012TN2004PLC054403, GSTIN:33AAICS5376E1ZA £21012TN2C04PLCO54403 Statement on deviation / variation in utilisation of funds raised Name of Listed Entity Subam Papers Limited Mode of Fund Raising Preferential Issue Date of Raising Funds 04/02/2026 Amount Raised* Offered Rs. 107.04 Crore Received Rs.74.36 Crore. Rs.64.36 Crores from the preferential issue of Equity Shares (as against the proposed amount of Rs. 67.02 Crores); and Rs.10.00 Crores towards Convertible Warrants, representing 25% of the total warrant issue proceeds of Rs.40.01 Crores, received in accordance with the terms of issue of the warrants. Report filed for Quarter ended June 30, 2026 Monitoring Agency Name, if applicable Brickwork Ratings India Private Limited Is there a Deviation / Variation in use of funds There is no deviation/variation in use of funds raised raised yes, whether the same is pursuant to change in Not applicable terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not applicable Explanation for the Deviation / Variation Revised Cost of Object Comments of the Audit Committee after review Approved Comments of the auditors, if any No comments Objects for which funds have been raised and where there has been a deviation, in the following table Original Modified | Original Modified Funds | Amount of Remarks, Objects Object, | Allocation | allocation, | Utilised | Deviation/ if any if any (Rs. In if any (Rs. In | Variation Crores) Crores) | for the quarter according applicable object Debt Repayment NIL 73.00 0.00 | 73.00 0.00 | NIL /. pre-payment of debt together with interest in full or in part of borrowings availed by the Company SUBAM PAPERS LIMITED Reg. Off. S.F.No. 143-146, Vaduganpatti Village, Nadukallur to Tirunelveli, Tirunelveli Tirunelveli - 627 010, Tamil Nadu, India. Contact No: 9489926130, E-mail ID: finance@subampapers.com Website: www.subampapers.com CIN No: U21012TN2004PLC054403, GSTIN:33AAICS5376E1ZA 121012TN2004PLCO54403 Investment in NIL 30.01 0.00 0.00 0.00 | It Will be Allocated and wholly owned utilized after receiving subsidiary the balance 75% company “Subam Share warrant Amount Paper & Boards Private Limited” for Setting Up of Corrugated Box Unit. General NIL 4.03 1.36 1.36 -2.67 | The total issue Corporate proceeds were revised Purposes from Rs 107.04 crore to Rs 104.37 crore on account of under subscription to the preferential issue comprising equity shares and convertible warrants. Hence the allocation towards General Corporate Purposes is hereby reduced from Rs 4.03 Crore to Rs 1.36 Crore. TOTAL 107.04 104.37 | 74.36 -2.67 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 U21012TN2004PLC054403, GSTIN:33AAICS5376E1ZA Qlolz'fi&h‘&éf’ul}s 4403 Deviation or variation could mean: a) Deviation in the objects or purposes for which the funds have been raised or b) Deviation in the amount of funds actually utiized as against what was originally disclosed or ¢) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. 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:f inance@subampapers.com Website: www.subampapers.com - CIN No : U21012TN2004PLC054403, GSTIN:33AAICS5376E1ZA L21012TN20C4PLCO54403