Indices end flat after roller-coaster week
20 Mar 2026
Subam papers Limited has received trading approval from BSE Limited for equity shares allotted on a preferential basis to non-promoters. The company informed the stock exchange about this development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations.
Trading Approval Details
The BSE has granted trading approval for the preferential allotment, with trading set to commence from March 23, 2026. The approval was communicated through BSE's letter bearing reference number LOD/PREF/SV/337/2025-2026 dated March 20, 2026.
Parameter: Details Number of Shares: 42,34,400 equity shares Face Value: ₹10 per share Premium: ₹142 per share Issue Price: ₹152 per share Distinctive Numbers: 23244871 to 27479270 Trading Commencement: March 23, 2026
Regulatory Compliance
The company has fulfilled all regulatory requirements for the preferential allotment under Regulation 28(1) of the SEBI LODR Regulations, 2015. The trading approval notification was made pursuant to Regulation 30 of the SEBI Listing Regulations, ensuring proper disclosure to stakeholders.
Share Allotment Structure
The preferential allotment comprises 42,34,400 equity shares issued to non-promoters at a significant premium to the face value. The shares carry distinctive numbers from 23244871 to 27479270, indicating the specific identification range for the newly allotted securities.
Market Listing
BSE Limited has confirmed that the securities will be officially listed on the exchange effective from March 23, 2026. The exchange has also issued Notice No. 20260320-6 dated March 20, 2026, to its trading members regarding this listing, ensuring all market participants are informed about the new securities available for trading.
Subam papers Limited has received listing approval from BSE Limited for the issue and allotment of 42,34,400 equity shares on a preferential basis. The development was communicated to the stock exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Share Issue Details
The preferential issue comprises equity shares with specific parameters as approved by BSE:
Parameter: Details Number of Shares: 42,34,400 (Forty-Two Lakhs Thirty-Four Thousand and Four Hundred) Face Value: Rs. 10 per share Premium: Rs. 142 per share Issue Price: Rs. 152 per share Distinctive Numbers: 23244871 to 27479270 Allottees: Non-promoters
BSE Listing Approval
BSE Limited granted the listing approval through its letter bearing reference number LOD/PREF/PB/FIP/1822/2025-26 dated March 06, 2026. The exchange acknowledged receipt of the company's application along with all required enclosures and expressed satisfaction with the submission.
The listing approval allows these preferential shares to be dealt with on the BSE platform, subject to completion of trading approval formalities.
Compliance Requirements
BSE has outlined several compliance requirements that Subam Papers must fulfill:
Ensure compliance with Regulation 167 of SEBI (ICDR) Regulations
File shareholding pattern in XBRL mode under Regulation 31(1)(c) of SEBI LODR Regulations, 2015, if the change exceeds two percent of total paid-up share capital
Submit confirmation letters from NSDL/CDSL about crediting shares to beneficiary accounts
Provide confirmation about lock-in of pre-preferential holding, if applicable
Next Steps
The company has indicated it will file the application for trading approval with the stock exchange at the earliest. As per SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must apply for trading approval within seven working days from the date of listing approval grant.
Trading approval will be granted only after the company submits all required documents, including listing approval from National Stock Exchange of India Limited if applicable, and confirmation letters from depositories regarding the crediting of shares to respective accounts.
The communication was signed by T. Balakumar, Managing Director of Subam Papers Limited, with DIN 00440500, from the company's registered office in Vaduganpatti Village, Tirunelveli, Tamil Nadu.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.
