AI assistant
KS Smart Technologies Limited — Capital/Financing Update 2025
Oct 6, 2025
63907_rns_2025-10-06_d194fe10-8653-4cb8-82ed-eac0903c5c16.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [148 x 55] intentionally omitted <==
Date: 06[th] October 2025
To, The Chief General Manager Listing Operation, BSE Limited, 20th Floor, P. J. Towers, Dalal Street, Mumbai – 400 001.
Unit: Soma Papers and Industries Limited (Scrip code: 516038)
Dear Sir / Madam,
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Acquisition and Allotment of Securities.
In accordance with Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform you that the Board of Directors of the Company, at its meeting held on 06[th] October 2025, approved the following amongst other matters:
-
This is in continuation to our intimation dated 07[th] August 2025, wherein Soma Papers & Industries Ltd (The Company) had made disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 informing the execution of Share Purchase and Share Subscription Agreement ("SPSSA") and other necessary documents between the Company, KS Smart Solutions Private Limited (Selling Company) and the shareholders of Selling Company, wherein the Company had agreed to acquire 100% of the share capital of the Selling Company by consideration other than cash (i.e., swap of shares) and Pursuant to the SPSSA, in relation to the swap the Board of Director has made the allotment of 4,87,37,920 (Four Crore Eighty-Seven Lakhs Thirty-Seven Thousand Nine Hundred & Twenty) Equity Shares of Rs. 10/- (Rupees Ten only) each at an issue price of Rs. 10/- (Rupees Ten Only) each on preferential basis (‘Preferential Issue’) for consideration other than cash (i.e., swap of shares) to the shareholders of Selling Company persons forming part of the Non-Promoter Public category, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013 and rules made there under (Details are enclosed herewith in Annexure I and Annexure II);
-
The Board of Director has made the allotment of 1,66,67,690 (One Crore Sixty-Six Lakhs SixtySeven Thousand Six Hundred and Ninety) Equity Shares of Rs. 10/- (Rupees Ten only) each at an issue price of Rs. 10/- (Rupees Ten Only) each on preferential basis (‘Preferential Issue’) for consideration in cash to person forming part of the Non-Promoter Public Category, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013 and rules made there under (as per the list enclosed and marked in Annexure III);
-
The Board of Director has made the allotment of 4,86,67,850 (Four Crore Eighty-Six Lakhs Sixty-Seven Thousand Eight Hundred & Fifty) Equity Shares of Rs. 10/- (Rupees Ten only) each at an issue price of Rs. 20/- (Rupees Twenty Only) each on preferential basis (‘Preferential Issue’) for consideration in cash to person forming part of the Non- Promoter Public Category, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013 and rules made there under (as per the list enclosed and marked in Annexure V);
-
The Board of Director has made the allotment of 3,45,94,390 (Three Crore Forty-Five Lakhs Ninety-Four Thousand Three Hundred & Ninety Only) Convertible Warrants of Rs. 10/- (Rupees Ten only) each at an issue price of Rs. 10/- (Rupees Ten Only) each on preferential basis (‘Preferential Issue’) for consideration in cash to person forming part of the Non-Promoter Public Category, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013 and rules made there under (as per the list enclosed and marked in Annexure V);
Reg Off: S. No. 18, 3rd Floor, B Block, Win Win Hub, JNTU Hitech City Main Road, Madhapur, Khanamet, Rangareddy - 500081, Telangana, India Contact no:+917799009346 ; Mail: [email protected] CIN- L21093TS1991PLC20096 ; website: www.somapapers.in
==> picture [148 x 55] intentionally omitted <==
- The Board of Director has made the allotment of 1,40,00,000 (One Crore Forty Lakhs) Convertible Warrants of Rs. 10/- (Rupees Ten only) each at an issue price of Rs. 20/- (Rupees Twenty Only) each on preferential basis (‘Preferential Issue’) for consideration in cash to person forming part of the Non-Promoter Public Category, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013 and rules made there under (as per the list enclosed and marked in Annexure V);
Details pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023, have been annexed herewith as Annexures.
The board meeting commenced at 6 p.m. and concluded at 7.10 p.m.
Kindly arrange to take the same on your records.
Yours sincerely, For Soma Papers and Industries Limited
VANTEDDU Digitally signed by VANTEDDU LAKSHMI PRIYA LAKSHMI PRIYA DARSHINI Date: 2025.10.06 19:29:30 DARSHINI +05'30'
Vanteddu Lakshmi Priya Darshini Whole-time Director and CFO DIN- 07803502
Reg Off: S. No. 18, 3rd Floor, B Block, Win Win Hub, JNTU Hitech City Main Road, Madhapur, Khanamet, Rangareddy - 500081, Telangana, India Contact no:+917799009346 ; Mail: [email protected] CIN- L21093TS1991PLC20096 ; website: www.somapapers.in
==> picture [148 x 55] intentionally omitted <==
Annexure I Update on the Acquisition of KS Smart Solutions Private Limited
| Name of the target entity, details in brief such as size, turnover etc. |
KS Smart Solutions Private Limited (KSSPL), incorporated on 28th April 2016, is a private limited company with its registered office located at 528, Anna Salai, Second Floor, Teynampet, Chennai – 600018, Tamil Nadu, India. KSSPL is engaged in the business of technology innovation, offering end-to-end IT solutions across hardware, software, IT skill development, and emerging technologies. The company provides services such as software development, mobile apps, website development, IT infrastructure upgrades, support and maintenance, and conducts IT skill development trainings. It also offers smartphones and tablets with value-added services and undertakes the reselling of various hardware products including desktops, laptops, servers, projectors, printers, smart devices, networking equipment, and CCTV systems. KSSPL is active in areas like augmented reality (AR), virtual reality (VR), entertainment, edutainment, smart city solutions, e-commerce, retailing, and digital marketing, catering to multiple customer segments. For the financial year 2024–25, the company achieved a standalone turnover of ₹69,655.55 lakhs and a consolidated turnover of₹69,657.99 lakhs. |
|---|---|
| Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm’s length" |
The proposed acquisition does not fall within related party transaction(s) |
| Industry to which the entity being acquired belongs |
Engaged in the Technology and IT sector, the Company offers a wide range of IT services, including surveillance solutions, educational technology (Edutech) services, and other integrated technology-driven offerings. |
| Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) |
The acquisition is strategically aimed at expanding the Company's presence in the B2G (Business-to- Government) sector. Through this acquisition, the Company will gain a stronger foothold in technology and IT-enabled services, particularly in areas such as surveillance systems and edutech solutions. This move aligns with the Company’s growth strategy and enhances its capabilities to deliver integrated solutions to government clients. Although the target entity’s business may not fully align with the Company’s current core operations, the acquisition presents synergistic opportunities and enables entry into complementary high-potential verticals. |
| Brief details of any governmental or regulatory approvals required for the acquisition |
No governmental or regulatory approvals required for the acquisition |
| Indicative time period completion of the acquisition |
Not Applicable |
| Nature of consideration - whether cash consideration or share swap and details of the same |
Swapping of Shares |
| Cost of acquisition or the price at which the shares are acquired |
Total Consideration shall be Rs. 48,73,79,200/- |
| Percentage of shareholding / control acquired and / or number of shares acquired |
The Company has acquired 100% equity stake in KSSPL, comprising 10000 equity shares of Rs. 10/- each, upon closingof the transaction. |
Reg Off: S. No. 18, 3rd Floor, B Block, Win Win Hub, JNTU Hitech City Main Road, Madhapur, Khanamet, Rangareddy - 500081, Telangana, India Contact no:+917799009346 ; Mail: [email protected] CIN- L21093TS1991PLC20096 ; website: www.somapapers.in
==> picture [148 x 55] intentionally omitted <==
Consideration for the acquisition shall be discharged by Issuance and allotment of up to 4,87,37,920 equity shares of Rs. 10/- each of the Company at an issue price of Rs. 10/- per share, aggregating to Rs. Rs. 48,73,79,200/Brief background about the entity KSSPL was incorporated on 28/04/2016 and has its acquired in terms of products / line of registered office at 528, Anna Salai, Second Floor business acquired, date of incorporation, Teynampet, Chennai, Chennai, Tamil Nadu, India, history of last 3 years turnover, country 600018. in which the acquired entity has presence and any other significant information (in KSSPL is engaged in the business of KSSPL is engaged in brief) the business of technology innovation offering end-to-end IT solutions in Hardware, Software, Skill Development trainings and providing skilled manpower, providing smartphones and tablets with value added services and emerging technology solutions in the fields of augmented reality, virtual reality, entertainment, edutainment, smart city e-commerce, retailing, digital marketing for multiple segment of customers. Core capabilities are CCTV Installations, Software development, Mobile Apps, Website development, IT upgrades, support, maintenance and all IT skill development Trainings. KSSPL also undertakes the business of reselling of all kinds of Hardware related to computing which includes Smartphones and Tablets, including MDM Softwares, Desktops, Laptops, Printers, Servers, Projectors, WIFI/Networks, CCTV, Smart devices in and all other Infrastructure Hardware/IT Systems. Turnover (In Rupees lakhs) Particulars 2024-25 2023-24 2022-23 Standalone 69,655.55 21,626.50 6,337.34 Consolidated 69,657.99 - - County of Presence: India
Reg Off: S. No. 18, 3rd Floor, B Block, Win Win Hub, JNTU Hitech City Main Road, Madhapur, Khanamet, Rangareddy - 500081, Telangana, India Contact no:+917799009346 ; Mail: [email protected] CIN- L21093TS1991PLC20096 ; website: www.somapapers.in
==> picture [148 x 55] intentionally omitted <==
Annexure II
| Sr. # |
Name of the Allottees |
Category* | No. of Equity Shares Allotted |
Consideration Received (other than cash) |
|---|---|---|---|---|
| 1. | Shankar Varadharajan |
Non- Promoter |
2,43,68,960 | 5000 Equity Shares of Rs. 10/- of KS Smart Solutions Private Limited. |
| 2. | Anancha Perumal Selvi Keshav |
Non- Promoter |
2,43,68,960 | 5000 Equity Shares of Rs. 10/- of KS Smart Solutions Private Limited. |
| Total | 4,87,37,920 |
| Annexure III | Annexure III | Annexure III | Annexure III | |
|---|---|---|---|---|
| Sr. # |
Name of the Allottees | Category* | No. of Equity Shares Allotted |
Total Consideration Received (Amount in Rs.) |
| 1 | Shankar Varadharajan |
Non-Promoter | 83,33,845 | 8,33,38,450 |
| 2 | Anancha Perumal Selvi Keshav |
Non-Promoter | 83,33,845 | 8,33,38,450 |
| Total | 1,66,67,690 | 16,66,76,900 |
| Annexure IV | Annexure IV | |||
|---|---|---|---|---|
| Sr. # |
Name of the Allottees | Category | No. of Equity Shares Allotted |
Total Consideration Received(Amount in Rs.) |
| 1 | Jitendra Rasiklal Sanghavi | Non-Promoter | 54,00,000 | 10,80,00,000 |
| 2 | Hitesh Natwarlal Kawa | Non-Promoter | 54,00,000 | 10,80,00,000 |
| 3 | Isat Solutions Private Limited |
Non-Promoter | 50,00,000 | 10,00,00,000 |
| 4 | Roopal Hitesh Kawa | Non-Promoter | 36,00,000 | 7,20,00,000 |
| 5 | Bijal Kaushik Gandhi | Non-Promoter | 25,00,000 | 5,00,00,000 |
| 6 | Kaushik Hasmukhlal Gandhi |
Non-Promoter | 25,00,000 | 5,00,00,000 |
| 7 | Nimesh Sahadeo Singh | Non-Promoter | 25,00,000 | 5,00,00,000 |
| 8 | Priti Nimesh Singh | Non-Promoter | 25,00,000 | 5,00,00,000 |
| 9 | Varshit Janak Shah | Non-Promoter | 17,50,000 | 3,50,00,000 |
| 10 | Bhavi Jitendra Sanghavi | Non-Promoter | 11,00,000 | 2,20,00,000 |
| 11 | ChiragJitendra Shah | Non-Promoter | 10,00,000 | 2,00,00,000 |
| 12 | Hitesh N Kawa Huf | Non-Promoter | 10,00,000 | 2,00,00,000 |
| 13 | Jyoti Praful Desai | Non-Promoter | 10,00,000 | 2,00,00,000 |
| 14 | Sadashiv Kanyana Shetty | Non-Promoter | 8,00,000 | 1,60,00,000 |
| 15 | Nikita SanjayJain | Non-Promoter | 7,00,000 | 1,40,00,000 |
| 16 | Crishi SanjayJain | Non-Promoter | 7,00,000 | 1,40,00,000 |
| 17 | Vanaja Veeranreddy | Non-Promoter | 5,09,639 | 1,01,92,780 |
| 18 | Jaikaran Jaspalsingh Chandock |
Non-Promoter | 5,00,000 | 1,00,00,000 |
| 19 | Trimaan Jaspal Singh Chandock |
Non-Promoter | 5,00,000 | 1,00,00,000 |
| 20 | Modi Jaymin Piyushbhai | Non-Promoter | 5,00,000 | 1,00,00,000 |
| 21 | Brijesh Jitendra Parekh | Non-Promoter | 5,00,000 | 1,00,00,000 |
| 22 | Pramesh Wealth Pvt. Ltd. | Non-Promoter | 5,00,000 | 1,00,00,000 |
| 23 | Sharda Subhashchandra Bhat |
Non-Promoter | 5,00,000 | 1,00,00,000 |
| 24 | Divya Deven Pathak | Non-Promoter | 5,00,000 | 1,00,00,000 |
| 25 | Hasti Meet Mehta | Non-Promoter | 5,00,000 | 1,00,00,000 |
| 26 | Dhanesha AdvisoryLlp | Non-Promoter | 3,35,000 | 67,00,000 |
| 27 | Anamika Pandey | Non-Promoter | 3,00,000 | 60,00,000 |
| 28 | Jhansi Sanivarapu | Non-Promoter | 2,98,211 | 59,64,220 |
| 29 | Sameer Nanalal Vara | Non-Promoter | 2,50,000 | 50,00,000 |
Reg Off: S. No. 18, 3rd Floor, B Block, Win Win Hub, JNTU Hitech City Main Road, Madhapur, Khanamet, Rangareddy - 500081, Telangana, India Contact no:+917799009346 ; Mail: [email protected] CIN- L21093TS1991PLC20096 ; website: www.somapapers.in
==> picture [148 x 55] intentionally omitted <==
| 30 | Devang Chandrakantbhai Shah |
Non-Promoter | 2,50,000 | 50,00,000 |
|---|---|---|---|---|
| 31 | Ankit Padamsee Gala | Non-Promoter | 2,50,000 | 50,00,000 |
| 32 | Kunal Haresh Mehta | Non-Promoter | 2,50,000 | 50,00,000 |
| 33 | SanjayJayantilal Jain Huf | Non-Promoter | 2,50,000 | 50,00,000 |
| 34 | Kvs Pawan | Non-Promoter | 2,50,000 | 50,00,000 |
| 35 | Jaya Prem Rajdev | Non-Promoter | 2,50,000 | 50,00,000 |
| 36 | Adwik PratapSingh | Non-Promoter | 2,00,000 | 40,00,000 |
| 37 | Ketan Rashiklal Doshi | Non-Promoter | 2,00,000 | 40,00,000 |
| 38 | Monika Jain | Non-Promoter | 1,87,500 | 37,50,000 |
| 39 | Kaushal Mohanlal Gohil | Non-Promoter | 1,25,000 | 25,00,000 |
| 40 | Minakshi Jayantilal Dodia | Non-Promoter | 1,25,000 | 25,00,000 |
| 41 | Mukesh Agarwal | Non-Promoter | 1,25,000 | 25,00,000 |
| 42 | Mukesh Saraswat | Non-Promoter | 1,25,000 | 25,00,000 |
| 43 | Haresh Arjandas Dodeja | Non-Promoter | 1,25,000 | 25,00,000 |
| 44 | Sripal H Chajer | Non-Promoter | 1,25,000 | 25,00,000 |
| 45 | Dipen Prakash Mehta | Non-Promoter | 1,25,000 | 25,00,000 |
| 46 | Rahul Hemchand Visaria | Non-Promoter | 1,25,000 | 25,00,000 |
| 47 | Kavitha Kisan Kumar | Non-Promoter | 1,25,000 | 25,00,000 |
| 48 | Stellarfincap Private Limited |
Non-Promoter | 1,00,000 | 20,00,000 |
| 49 | Shweta Dixit | Non-Promoter | 1,00,000 | 20,00,000 |
| 50 | Amit Babulal Agarwal | Non-Promoter | 1,00,000 | 20,00,000 |
| 51 | Malti Manojkumar Soni | Non-Promoter | 1,00,000 | 20,00,000 |
| 52 | Rushabh Sevantilal Sanghavi |
Non-Promoter | 1,00,000 | 20,00,000 |
| 53 | Sheth Hetalben Harshadbhai |
Non-Promoter | 1,00,000 | 20,00,000 |
| 54 | Kunal Shah Huf | Non-Promoter | 1,00,000 | 20,00,000 |
| 55 | Gaurav Gurcharan Singh Garcha |
Non-Promoter | 1,00,000 | 20,00,000 |
| 56 | Foram Rajiv Vaghani | Non-Promoter | 1,00,000 | 20,00,000 |
| 57 | Param Investopedia Private Limited |
Non-Promoter | 1,00,000 | 20,00,000 |
| 58 | Archana H Singh | Non-Promoter | 1,00,000 | 20,00,000 |
| 59 | Ketki Tushar Shah | Non-Promoter | 1,00,000 | 20,00,000 |
| 60 | Kainam Vinod Jain | Non-Promoter | 1,00,000 | 20,00,000 |
| 61 | Rahul Ratanlal Jain | Non-Promoter | 1,00,000 | 20,00,000 |
| 62 | Hemlata Shambhu Bhutia | Non-Promoter | 1,00,000 | 20,00,000 |
| 63 | Amit Kumar Nareshchandra Jain |
Non-Promoter | 1,00,000 | 20,00,000 |
| 64 | Ashish Agarwal | Non-Promoter | 1,00,000 | 20,00,000 |
| 65 | Mahesh Agarwal & Sons Huf |
Non-Promoter | 1,00,000 | 20,00,000 |
| 66 | Hariom Sarda | Non-Promoter | 62,500 | 12,50,000 |
| 67 | Amar Rajmal Kakaria | Non-Promoter | 60,000 | 12,00,000 |
| 68 | Jagdish Chander Agal | Non-Promoter | 50,000 | 10,00,000 |
| 69 | Nivedita | Non-Promoter | 50,000 | 10,00,000 |
| 70 | K Ramakrishna | Non-Promoter | 50,000 | 10,00,000 |
| 71 | Sumit Bhupendra Doshi | Non-Promoter | 50,000 | 10,00,000 |
| 72 | FatehrajP Purohit | Non-Promoter | 40,000 | 8,00,000 |
| 73 | Varsha Jagwani | Non-Promoter | 25,000 | 5,00,000 |
| 74 | Laxmi Sarada Varanasi | Non-Promoter | 25,000 | 5,00,000 |
| 75 | Shailesh Keshav Pandey | Non-Promoter | 25,000 | 5,00,000 |
| 76 | Gayatri Prem Rajdev | Non-Promoter | 25,000 | 5,00,000 |
| 77 | Vivek Surana | Non-Promoter | 20,000 | 4,00,000 |
Reg Off: S. No. 18, 3rd Floor, B Block, Win Win Hub, JNTU Hitech City Main Road, Madhapur, Khanamet, Rangareddy - 500081, Telangana, India Contact no:+917799009346 ; Mail: [email protected] CIN- L21093TS1991PLC20096 ; website: www.somapapers.in
==> picture [148 x 55] intentionally omitted <==
| 78 | Neha Kankariya | Neha Kankariya | Non-Promoter | Non-Promoter | 20,000 | 20,000 | 4,00,000 |
|---|---|---|---|---|---|---|---|
| 79 | DilipSuryakant Jha | Non-Promoter | 10,000 | 2,00,000 | |||
| Total | 4,86,67,850 | 97,33,57,000 | |||||
| Annexure V | |||||||
| Sr. # |
Name of the Allottees |
Category* | No. of Fully Convertible Warrants Allotted |
Consideration Received (25% of the Total Consideration) (Amount in Rs.) |
|||
| 1 | Anancha Perumal Selvi Keshav |
Non-Promoter | 89,09,695 | 2,22,74,237.50 | |||
| 2 | Shankar Varadharajan |
Non-Promoter | 89,09,695 | 2,22,74,237.50 | |||
| 3 | Subramanyam Venkatesh |
Non-Promoter | 74,00,000 | 1,85,00,000.00 | |||
| 4 | Rohan Ramaswamy |
Non-Promoter | 74,00,000 | 1,85,00,000.00 | |||
| 5 | Seethapathi Vignesh |
Non-Promoter | 19,75,000 | 49,37,500.00 | |||
| Total | 3,45,94,390 | 8,64,85,975.00 |
| Annexure VI | ||||
|---|---|---|---|---|
| Sr . # |
Name of the Allottees | Category | No. of Fully Convertible Warrants Allotted |
Consideration Received (25% of the Total Consideration) (Amount in Rs.) |
| 1 | Vikasa India Eif I Fund | Non- Promoter |
1,40,00,000 | 7,00,00,000.00 |
* The allottees, Mr. Shankar Varadharajan (“Acquirer-1”) and Mr. Anancha Perumal Selvi Keshav (“Acquirer-2”) (collectively, the “Acquirers”), together with Mr. Rohan Ramaswamy (“PAC-1”), Mr. Subramanyam Venkatesh (“PAC-2”), and Mr. Seethapathi Vignesh (“PAC-3”) (collectively, the “Persons Acting in Concert” or “PACs”), triggered an open offer on 07th August 2025 pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”) and, in compliance with Regulation 13(1), made the corresponding Public Announcement (“PA”); upon successful completion of the open offer, the Acquirers together with the PACs shall be classified as the Promoters of the Company, while the existing promoter and members of the promoter group shall be reclassified as public shareholders.
Reg Off: S. No. 18, 3rd Floor, B Block, Win Win Hub, JNTU Hitech City Main Road, Madhapur, Khanamet, Rangareddy - 500081, Telangana, India Contact no:+917799009346 ; Mail: [email protected] CIN- L21093TS1991PLC20096 ; website: www.somapapers.in