Sundaram Multi Pap has successfully repaid Rs 45 crore to its bankers by end of December 2016 and its debt has been reduced to that extent. This bullet payment of Rs 45 crore relates to the restructuring of debt carried out in the month of September 2014. The company has fulfilled its financial obligation.
Sundaram Multi Pap (SMPL) is engaged in the manufacture of notebooks, account books, other paper stationery products, Kraft paper and trading of office paper stationery. Its operating facilities are located at Palghar, Nagpur and Kandla (SEZ facility). It sells its products in local as well as exports market.
