KS Smart Technologies Limited — Capital/Financing Update 2026

Mar 31, 2026

Ref no.: SE/2025-26/Q4/31

Date: 31 March, 2026

To, The Manager – Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001.

Scrip Code: 516038

Dear Sir/Madam,

In continuation to our earlier intimations dated August 7, 2025 with respect to issuance of Convertible Warrants (“Warrants”) by way of preferential allotment on a private placement basis and October 06, 2025 regarding allotment of the aforesaid Warrants and in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish inform you that the Board of Directors of the Company, vide a resolution passed by circulation on March 31, 2026, has approved the allotment of 4,85,94,930 (Four Crore Eighty Five Lakh Ninety Four thousand Nine hundred and Thirty only) equity shares having face value of Rs. 10 each, on conversion of (i) 3,45,94,390 (Three Crore Forty Five Lakh Ninety Four Thousand Three Hundred and Ninety) Warrants issued at Rs. 10 each belonging to the Promoter group and (ii) 1,40,00,000 (One Crore Forty Lakh) Warrants issued at Rs. 20 each belonging to Non-Promoter, Public Category, upon receipt of the balance consideration aggregating to Rs. 46,94,57,925 (Indian Rupees Forty Six Crore Ninety Four Lakh Fifty Seven Thousand Nine Hundred and Twenty Five Only), representing 75% of the issue price per Warrant from the allottees pursuant to the exercise of his rights of conversion into equity shares in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Following are the details of the allottee:

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S. Name of No. of No. of No. of Issue Amount received
No. Allotee(s) Warrants Warrants equity Price (Being 75% of
allotted / applied for shares per the
held conversion allotted Warrant Issue Price per
prior to (In Rs.) Warrant) (Rs.)
conversion
A Promoter Group:
Shankar
1. 89,09,695 89,09,695 89,09,695 6,68,22,712.50
Varadharajan
Anancha
2. Perumal Selvi 89,09,695 89,09,695 89,09,695 10/- 6,68,22,712.50
Keshav
Venkatesh
3. 74,00,000 74,00,000 74,00,000 5,55,00,000.00
Subramanyam
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						5,55,00,000.00 1,48,12,500.00 21,00,00,000.00 46,94,57,925.00
	4. Rohan Ramaswamy 74,00,000 74,00,000			74,00,000		5,55,00,000.00
	5. Seethapathi Vignesh 19,75,000 19,75,000			19,75,000		1,48,12,500.00
	B Non-Promoter, Public Category:
	1. Vikasa India Eif I Fund	1,40,00,000	1,40,00,000	1,40,00,000	20/-	21,00,00,000.00
	TOTAL	4,85,94,390	4,85,94,390	4,85,94,390		46,94,57,925.00

Pursuant to conversion, the following changes have taken place in the capital of the Company

Particulars	Before Allotment	Post Allotment
Issued, Subscribed and Paid-up equity share capital of Rs.10 each	11,54,75,610	16,40,70,000

The new equity shares so allotted shall rank pari-passu with the existing equity shares of the Company and will be listed on BSE Limited up on receipt of listing approval.

The requisite details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure 1

All the Directors approved the Circular resolution, and the approval of the last Director was received at 15.52 P.M. today.

Kindly take the same on the record.

For KS Smart Technologies Limited

(Formerly known as Soma Papers and Industries Limited)

R PRIYANKA MALPANI Digitally signed by R PRIYANKA MALPANI DN: c=IN, postalCode=600012, st=TAMIL NADU, street=FLAT NO. 304 TOWER 23 NORTH TOWN APARTMENTS ,NO.4-6 STEPHONSON ROAD ,CHENNAI,PERAMBUR ,600012, l=CHENNAI, o=Personal, serialNumber=d23ccab33c7f5586d8a839e5d60fa64b52fa57ca874e1c9dddab8bea5bdfa37b, pseudonym=218a581b39b94850bec9aa554854a9eb, 2.5.4.20=6ee160159d9efa4f40ddd08eb7371963ffa5b4baa60b652f6773eb66ff7f79c6, email=PRIYANKA@KSSMART.CO, cn=R PRIYANKA MALPANI Date: 2026.03.31 16:01:34 +05'30' Priyanka Malpani Company Secretary & Compliance Officer A64349

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Annexure-1

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S. Particulars Details
No.
1. Type of
securities Equity Shares pursuant to conversion of Warrants
issued
2. Type of Conversion of Warrants issued on Preferential allotment on a
issuance private placement basis in accordance with the applicable laws.
3. Total number of
securities
Allotment of 4,85,94,390 equity shares of Rs.10/- each aggregating
issued or the
to Rs. 46,94,57,925 (Indian Rupees Forty Six Crore Ninety Four
total amount for
Lakh Fifty Seven Thousand Nine Hundred and Twenty Five Only),
which the
representing 75% of the issue price per Warrant from the allottees
securities are
as mentioned above.
issued
(approximately)
Additional details in case of preferential issue the listed entity
4. Promoter and Promoter group:
1. Shankar Varadharajan
2. Anancha Perumal Selvi Keshav
3. Venkatesh Subramanyam
Names of the
4. Rohan Ramaswamy
Investor
5. Seethapathi Vignesh
Non- Promoter, Public category:
1. Vikasa India Eif I Fund
5. S.no Allottee’s No. of % of Shares No. of % of
name equity holdings issued equity holdings
shares pursuant shares
held to held
conversion
1 Shankar
3,27,02,805 28.32% 89,09,695 4,16,12,500 25.36%
Post allotment Varadharajan
2 Keshav A S 3,27,02,805 28.32% 89,09,695 4,16,12,500 25.36%
of securities 3 Rohan
- - 74,00,000 74,00,000 4.51%
Ramaswamy
4 Subramanyam - - 74,00,000 74,00,000 4.51%
Venkatesh
5 S. Vignesh - - 19,75,000 19,75,000 1.20%
6 Vikasa India
- - 1,40,00,000 1,40,00,000 8.53%
Eif I Fund
6. Allotment of 4,85,94,390 equity shares, having face value of
Issue price/ Rs.10/- each pursuant to the conversion (i) 3,45,94,390 (Three
Allotment price Crore Forty Five Lakh Ninety Four Thousand Three Hundred and
(in case of Ninety) Warrants issued at Rs.10 each belonging to the Promoter
convertibles) group and (ii) 1,40,00,000 (One Crore Forty Lakh) Warrants issued
-
at Rs.20 each belonging to Non Promoter, Public Category
Number of
7. 6 (Six)
investors
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			Allotment of 4,85,94,390 equity shares, having face value of Rs.10/- each, pursuant to the conversion of 4,85,94,390 of Warrants. Not Applicable
	8.	In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument;	Allotment of 4,85,94,390 equity shares, having face value of Rs.10/- each, pursuant to the conversion of 4,85,94,390 of Warrants.
	9.	Any cancellation or termination of proposal for issuance of securities including reasons thereof.	Not Applicable

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