Pursuant to earlier communication dated March 06, 2025, and in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sundaram Multi Pap has informed that the Company has successfully completed the repayment of substantial amount of debt availed from bankers. The Company has significantly reduced its outstanding debt over the years from ?70 crores in FY 2014-15 to ?4 crores as of Q1 of FY 2025-26. The Company remains committed to achieving a net debt-free status in the near future. This milestone reflects its ongoing commitment to maintaining a robust and prudent financial position, enhancing shareholder value, and reinforcing its long-term sustainability. An almost debt-free balance sheet places the Company in a stronger position to pursue future growth opportunities, drive innovation, and deliver long-term value to all stakeholders. This disclosure is being made to ensure compliance with the aforesaid regulatory requirements and to keep the stakeholders duly informed.
The above information is a part of company’s filings submitted to BSE.
