Soma Papers & Industries Ltd

📈 KS Smart Technologies Completes Major Warrant Conversion, Adds ₹16.4 Cr Equity Capital

• Converted 4,85,94,390 warrants into equity shares with a face value of ₹10 each.

• Promoter group converted 3,45,94,390 warrants at ₹10 per warrant, receiving 3,45,94,390 shares.

• Non-promoter investor Vikasa India Eif I Fund converted 1,40,00,000 warrants at ₹20 per warrant, receiving 1,40,00,000 shares.

• Total funds received: ₹46,94,57,925 (75% of issue price from warrant holders).

• Key promoter allottees include Shankar Varadharajan (89,09,695 shares), Anancha Perumal Selvi Keshav (89,09,695 shares), Venkatesh Subramanyam (74,00,000 shares), Rohan Ramaswamy (74,00,000 shares), and Seethapathi Vignesh (19,75,000 shares).

• Issued and paid-up equity capital increased from ₹11,54,75,610 to ₹16,40,70,000.