r Sundaram Multi Pap Ltd.

ctN L21098MHl 995P1C086337

Manufacturer ofExercise Book & Peper Stationery

Books for Success...

Date: January 4, 2017

To,
BSE Ltd.
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400 001
Ref: Scrip Code: 533165

To,

National Stock Exchange

of India

Ltd.

Exchange Plaza, Plot No. C/1, G Block,

BKC, Bandra (E), Mumbai- 400 051
Ref: Symbol: Sundaram

Sub: Intirnation of Press Release

Dear Sir

Madam,

Please find enclosed herewith the communication being released to Pless today
with regards to "Sundaram Multi Pap Ltd Reduces Its Financial Obligations: Debt

Repaymenf'

Kindly take the above on your records.

Manik R. Makwana
Company Secretary and Compliance Officer

R.O. 5/6 Papa tndustriat Estate, Suren Road, Andheri (East), Mumbai - aOO Og:, lNDfl
Tel : 022 67602200 Faxc i (91-22167602244
PIant : Plot no. 33 to 37, Sundaram lndustrial Zone, Palghar (W) 4Ol 404, Maharsshtra, lNDtA. Tet : 02525 253166, Fax : OZS2S
Email : info@sundaramgroups.in Web ; www.sundaramgroups.in

2lgjgl

o Sundaram Multi Pap Ltd.

ctN

121 098MH1995P1C086337

Menufacturer of Exercise Book & Paper Stationry

Books for Success.

PRESS RELEASE

MUMBAI

- 4TH

JANUARY, 2017

SUNDARAM MULTI PAP LTD REDUCES ITS FINANCIAL OBLIGATIONS: DEBT

REPAYMENT
Sundaram Multi Pap Limited is a prime player in organized sector with the established
brand "Sundaram" and is a BSE & NSE listed company. It is the market leader in the field of
paper stationary products.

In September 2014, the Conpany at its own opted for restructuring of Debt and

has

successfully achieved its objective by reducing the debt to the extent of Rs.45 Crores by
December 2016.

Further the debts have been reduced by recognizing and liquidating its noll-core assets
located at Palghar and Murnbai and raising of funds from Quali{ied Institutional Buyers
(QIBs). This reduction of the debt has been done in a short span of time and due to which
the Company has reduced its financial obligations. The Company has also recognized its
non-core assets, which wili be liquidated i.e. Paper Mill at Nagpur and Land Parcel at
Palghar which will be utilized for reducing the debt as well as for the further expansion of
the Com pa nv.

Durirrg the Six months ended September 30, 2016 the Company has already achieved a
turnover of Rs. 52 Crs alLd has booked a profit before extra-ordinary item and tax of Rs 3
Crs. The debt repayment in December 2016 will reduce the interest burden of the Company
and the same shall be reflected in the fiscal year 2017-18. Further in the fiscal year 2017-"18
the company plans to reduce the interest burden approximately by Rs. 5 Crs and this would
be a huge turnaround in the business operations of the Company.
The Company's wholly-owned subsidiary company i.e E-class Education System Limited is
into the business of digital education content having a big platform due to the steps taken by
the Government of India for Digitalization.

R.O. 5/6 Papa lndustrial Estate, Suren Road, Andheri (East), Mumbai - 400 093, tNDIA
Tel : 022 67 602200 F axc | (91-22) 67 602244
Plant : Plot no. 33 to 37, Sundaram lndustrial Zone, Palghar (W) 401 404, Maharashlra, lNDlA. Tet : 02525 253'166, Fax : O2S2S 2S31gB
Email : info@sundaramgroups.in Web : www.sundaramgroups.jn

-.