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KS Smart Technologies Limited M&A Activity 2025

Nov 25, 2025

63907_rns_2025-11-25_6e653c2f-0151-469b-bb38-335330565673.pdf

M&A Activity

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Date: 25.11.2025

To, The Manager Dept. of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001

Sub: Outcome of Meeting of Committee of Independent Directors for Open Offer of Soma Papers and Industries Limited (BSE Code: 516038)

- Ref.: Open Offer to acquire upto 4,26,58,200 equity shares of Rs. 10/ each at a price of Rs. 10/- per fully paid-up Equity Share of M/s. Soma Papers and Industries Limited (“Target Company”) representing 26.00% of the expanded equity and voting share capital by - Mr. Shankar Varadharajan (Acquirer 1) and Mr. Anancha Perumal Selvi Keshav - - - (Acquirer 2) (Acquirer 1 and Acquirer 2 hereinafter collectively referred to as the " " - Acquirers ) along with Mr. Rohan Ramaswamy (PAC 1), Mr. Subramanyam Venkatesh (PAC-2) and Mr. Seethapathi Vignesh (PAC-3) (PAC-1, PAC-2 And PAC-3 hereinafter collectively referred as Person Acting In Concerts /PAC’s)

Dear Sir / Madam,

Please find below the outcome of meeting of the Committee of Independent Directors for Open Offer held on 25.11.2025, inter alia has transacted the following:

The Committee of Independent Directors at its meeting held on today discussed, analysed and reviewed that the open offer given by Acquirers pursuant to Public Announcement dated 07[th] August, 2025, Detailed Public Statement dated 13[th ] August, 2025 published on 14[th] August, 2025 and Letter of Offer dated 15.11.2025. The Committee of Independent Directors has concluded that open offer is fair and reasonable.

Thanks & Regards,

For Soma Papers and Industries Limited