Soma Papers & Industries Ltd

📊 KS Smart Technologies Invests ₹48.2 Cr in Subsidiary KSSPL

- KS Smart Technologies Limited (formerly Soma Papers and Industries Limited) made a further investment in its wholly owned subsidiary, KS Smart Solutions Private Limited (KSSPL), on March 31, 2026.

- The investment involved acquiring 9,700 equity shares at ₹10 face value each, with a premium of ₹48,150 per share, totaling a cash consideration.

- KSSPL operates in the technology and IT sector, offering end-to-end IT solutions including hardware, software, skill development, and emerging technologies like AR/VR.

- For the financial year 2024-25, KSSPL reported a standalone turnover of ₹69,655.55 lakhs and a consolidated turnover of ₹69,657.99 lakhs.

- The acquisition is strategic, aimed at expanding KSSPL's presence and strengthening operations, with no related party interests and no required regulatory approvals.

- KSSPL will continue to be a wholly owned subsidiary of KS Smart Technologies Limited post-investment.