Soma Papers & Industries Ltd

AGM Details

• Date, time, mode: 30 Sep 2026, 11:00 IST, VC/OAVM
• Meeting concluded 11:37 IST; e-voting during AGM
• Attendance: 16 Members via VC/OAVM, 4 from Promoter Group
• Proxy facility not applicable under VC/OAVM framework

Resolutions & status

• Ordinary: Adopt standalone financial statements for year ended March 31, 2026
• Ordinary: Adopt consolidated financial statements for year ended March 31, 2026
• Ordinary: Reappointment of director retiring by rotation—Rohan Ramaswamy
• Ordinary: Appoint Sharp & Tannan as Statutory Auditors
• Special: Approve loan/guarantee or security under Section 185
• Special: Ratify utilisation of preferential issue proceeds for WOS debt repayment
• Voting results: pending; will be announced within two working days

Related party / RPT and governance

• Related party transaction: Use of proceeds for KS Smart Solutions (WOS) debt repayment
• Counterparty: KS Smart Solutions Private Limited (WOS); value not disclosed

KS Smart Technologies Limited (Formerly known as Soma Papers and Industries Limited) - Trading Window closed from Thursday October 01, 2026 till 48 hours after the declaration of Unaudited Financial Results of the Company for the Quarter and Half-year ended September 30, 2026

Order details

• Awarding entity is the School Education Department, Punjab.
• The project is awarded to KS Smart Solutions Private Limited, the company's wholly owned subsidiary.
• Scope includes deployment, installation, configuration, commissioning, and warranty support of IT infrastructure across government schools.
• Project value is ₹127.12 crores, inclusive of taxes and duties.
• Awarding entity is domestic.
• Tentative completion target is January 2027.
• Scope includes supply of 16,250 mid-level desktops and 15,788 line-interactive UPS with AVR.
• No promoter group interest in the awarding entity.
• The order is not a related-party transaction.
• OEM-verified framework with traceable device IDs and procurement guidelines compliance.

Issue Overview

• Type of issue: preferential issue of equity shares and convertible warrants.
• Total issue size and net proceeds disclosed; no undersubscription.
• Main objectives: capital expenditure of WOS, debt repayment of WOS, working capital, issue expenses, GCP.

Utilisation of Proceeds

• Utilisation as per offer document; deviation Nil.
• Repayment of debt to related party under WOS object; within object per Note 1.
• Capital Expenditure of WOS: fully utilised.
• Repayment of existing debt of WOS: fully utilised.
• Working Capital of WOS: fully utilised.
• Expenses related to the Issue: fully utilised.
• General corporate purpose: fully utilised; 0.01 crore from issue expenses allocated to GCP.
• Unutilised funds: none remaining.

Governance and Compliance

• Approvals: statutory approvals obtained; principal approval from BSE.
• Material events: related party transaction qualification removed; no other adverse items.
• No material information that could affect viability reported.

General Corporate Purpose (GCP)

• GCP utilised: 22.01 crore for vendor payments.
• 01 crore from issue expenses allocated to GCP.

Resolution 1 — Increase Authorized Capital

• Ordinary resolution to increase Authorized Capital to INR 175 crore.
• MOA to be amended accordingly.
• Outcome: Pending; results by Oct 13, 2026.

Resolution 2 — NRIs/OCIs and FPIs investment limits

• Special resolution to raise NRIs/OCIs limit from 10% to 24%.
• Special resolution to raise FPI limit from 24% to sectoral cap.
• Outcome: Pending; results by Oct 13, 2026.

Resolution 3 — Fundraising via QIP/FCCB

• Special resolution to raise funds up to USD 50 million via FCCB or similar securities.
• Board may issue in one or more tranches; terms to be determined.
• Outcome: Pending; results by Oct 13, 2026.

Timeline & Results

• E-voting window: 9:00 AM Sep 12, 2026 to 5:00 PM Oct 11, 2026.
• Results to be announced by Oct 13, 2026.

Key approvals

• Authorized capital increased to ₹175 crore (17,50,00,000 shares); MOA capital clause amended, subject to shareholder approval.
• Fund-raise plan up to USD 50 million; Reg 30 disclosures not applicable since no securities issued.
• Postal ballot/e-voting approved; details to be communicated.
• Insider-trading window opens 48 hours after outcome.
• MOA amendment: authorized capital increased from ₹165 crore to ₹175 crore.

KS Smart Technologies Ltd — Trading Window closed from September 08, 2026 till 48 hours after the outcome of the Board Meeting convened to discuss the matters as covered in the prior intimation.