BSEOthers1 Sept 2026 · 1 Sept 2026, 12:03 pm
Annual Report for FY 2025-2026 along with Notice of 32nd Annual General Meeting of the Company to be held on September 29, 2026 is attached herewith.
Sundaram Multi Pap Ltd · 533166
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Sundaram Multi Pap Ltd has released its Annual Report for FY 2025-2026 along with the Notice of 32nd Annual General Meeting, scheduled for September 29, 2026.
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Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Sundaram Multi Pap Ltd - 533166 - Reg. 34 (1) Annual Report.
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September 01, 2026
To, To,
BSE Limited National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Bandra Kurla
1st Floor, Dalal Street, Complex, Bandra East,
Mumbai 400 001 Mumbai 400 051
Scrip Code: 533166 Symbol: SUNDARAM
Subject: Annual Report for FY 2025-26 along with Notice of 32nd Annual General Meeting of
the Company to be held on September 29, 2026.
Dear Sir/Madam,
This is in furtherance to our communication dated August 13, 2026, wherein the Company had
informed that the 32nd Annual General Meeting of the Company will be held on Tuesday,
September 29, 2026 at 11:30 A. M. (IST) through Video Conference/Other Audio-Visual Means.
Pursuant to Regulation 34(1) and other applicable provisions of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, enclosed herewith is the Annual Report of the
Company along with the Notice of the 32nd Annual General Meeting and other Statutory Reports for
the Financial Year 2025-26. The said Annual Report along with Notice of AGM is also available on
the website of the Company at https://www.sundaramgroups.in/annual-report-of-sundaram/.
The Company is providing remote e-voting & e-voting at AGM facility to the members through
electronic voting platform of National Securities Depository Limited (NSDL). The facility of joining
the AGM is also provided through NSDL platform. Members holding shares either in physical form
or dematerialized form as on cut-off date i.e. September 22, 2026 may cast their votes electronically
on the resolutions included in the Notice of 32nd AGM. The remote e-voting shall commence from
Saturday, September 26, 2026 at 9:00 A. M. (IST) and ends on Monday, September 28, 2026 at 5:00
P. M. (IST).
You are requested to take the above cited information on your records.
Thanking You,
For Sundaram Multi Pap Limited
Urmi Shah
Company Secretary and Compliance Officer
Membership No: A70885
Enclosed: As stated above
Building Trust. Enabling Learning. Creating the Future.
For more than four decades, Sundaram Multi Pap Limited has been a trusted name in India's
stationery and education ecosystem.
Founded on the principles of quality, reliability and customer trust, the Company has steadily
expanded its reach across India, serving students, educational institutions, professionals and
businesses.
Today, Sundaram operates through two complementary business segments—Paper Stationery and
Digital Education. Its established stationery business provides a strong operating foundation, while
E-Class extends the Company's participation into technology-enabled learning.
Supported by an integrated manufacturing facility, a diversified product portfolio and an established
distribution network, Sundaram continues to strengthen its position within India's evolving education
ecosystem.
The Company remains focused on operational excellence, responsible growth and the creation of
sustainable long-term value for customers, employees, business partners, communities and
shareholders.
SUNDARAM AT A GLANCE
Pan-India Reach
OF TRUSTED MARKET PRESENCE SERVING DIVERSE CUSTOMER NEEDS PAN-INDIA DISTRIBUTION PRESENCE
STATE-OF-THE-ART MANUFACTURING TRUSTED BRAND GROWING DIGITAL PRESENCE
INTEGRATED MANUFACTURING A TRUSTED EDUCATION-FOCUSED GROWING DIGITAL EDUCATION PRESENCE
OPERATIONS BRAND THROUGH E-CLASS
CONTENTS
Corporate Overview 03
Notice of Annual General Meeting 11
Board of Directors Report 34
Management Discussion & Analysis Report 50
Corporate Governance Report 57
Independent Auditors Report 74
Balance Sheet 82
Statement of Profit and Loss 83
Cash Flow Statement 85
Significant Accounting Policies 87
Notes Forming Part of Financial Statements 96
Other Corporate Information 117
Corporate Statutory Financial
Overview Reports Statements
BOARD OF DIRECTORS & MANAGEMENT
NAME DESIGNATION
Mr. Amrut P. Shah Chairman & Managing Director
Mr. Shantilal P. Shah Whole-time Director
Mr. Krunal S. Shah Whole-time Director
Mr. Kalpesh B. Parekh Independent Director
Ms. Jyoti C. Gala Woman Independent Director
Mr. Mahesh D. Bhanushali Independent Director
Mr. Hardik A. Shah Chief Executive Officer
Mr. Yash R. Shah Chief Operating Officer
Mr. Rajesh Jain Chief Financial Officer
Ms. Urmi Shah Company Secretary
REGISTERED OFFICE
5/6, Papa Industrial Estate, Suren Road, Andheri East, Mumbai 400093, Maharashtra, India
Email: info@sundaramgroups.in; Website: www.sundaramgroups.in
PLANT
Plot No. 33-37, Sundaram Industrial Zone, Palghar West, Palghar 401404, Maharashtra, India
STATUTORY AUDITORS
M/s. Ashok Shyam & Associates
SECRETARIAL AUDITORS
M/s. G R Shah & Associates
INTERNAL AUDITORS
M/s. F. A. Ansari & Associates
REGISTRAR & SHARE
TRANSFER AGENT M/s MUFG Intime India Private Limited
Unit: C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083 Phone: +91 22 49186270;
E-mail: rnt.helpdesk@in.mpms.mufg.com
Fax: +91 22 49186060; Website: www.in.mpms.mufg.com
BANKER/LENDERS
Axis Bank Limited
Deutsche Bank
Annual Report 2025-26
Corporate Statutory Financial
Corporate Statutory Financial
Overview Reports Statements
Overview Reports Statements
"A trusted education and stationery platform undergoing a
strategic transformation from a traditional manufacturing
business into a diversi ied education-focused enterprise.”
FROM PAPER TO POSSIBILITIES
For over four decades, Sundaram has played a meaningful role in India's
learning journey.
What began as a trusted stationery brand has evolved into an enterprise focused on
enabling education, supporting creativity and creating opportunities for future
generations.
As India enters a new era of educational transformation, we remain committed to
combining the strength of our legacy with the opportunities of tomorrow. Every
notebook we manufacture, every learning solution we develop and every innovation
we pursue re lects our belief in the transformative power of education.
Our journey continues—from paper to possibilities.
Annual Report 2025-26
Corporate Statutory Financial
Corporate Statutory Financial
Overview Reports Statements
Overview Reports Statements
CHAIRMAN'S STRATEGIC MESSAGE
Building a Stronger Foundation for the Future
Dear Shareholders,
The inancial year 2025–26 marks another important chapter in Sundaram Multi Pap
Limited's journey. Our Company continues to build on more than four decades of
experience while preparing for the next phase of growth through innovation, operational
excellence and disciplined execution.
India's education sector is undergoing rapid transformation, driven by increasing
enrolment, digital adoption and a growing emphasis on quality learning outcomes.
We believe these long-term structural trends present signi icant opportunities for
businesses that combine trusted brands with a clear strategic vision.
During the year, we continued strengthening our core stationery business while
expanding our presence in technology-enabled education through our E-Class division.
Our objective remains clear—to build a diversi ied education-focused enterprise that
combines physical learning products with digital education solutions.
Our strategy is founded on ive priorities:
Strengthening our core stationery business.
Improving operational ef iciency and pro itability.
Expanding our market reach and product portfolio.
Scaling our digital education initiatives.
Creating long-term sustainable value for all stakeholders.
The Board remains committed to prudent inancial management, responsible governance
and continuous improvement across every aspect of the business.
I thank our shareholders, customers, employees, business partners and other stakeholders
for their continued trust and support.
Together, we remain committed to building a stronger, more resilient and future-ready
Sundaram Multi Pap Limited.
Annual Report 2025-26
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CEO MESSAGE
Executing Today. Preparing for Tomorrow.
Every transformation begins with a cle
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