KS Smart Technologies Limited initiated a postal ballot on September 11, 2026, to seek shareholder approval for raising up to $50 million through Qualified Institutional Placement (QIP) or Foreign Currency Convertible Bonds (FCCBs). The vote also covers a ₹10 crore increase in authorised share capital and higher foreign investment limits.

The e-voting period runs from September 12, 2026, to October 11, 2026. Results will be declared by October 13, 2026. The move follows a board meeting on September 11 where directors approved the fundraising framework and capital structure changes.

Postal Ballot Resolutions

Shareholders are voting on three key resolutions via remote e-voting facilitated by National Securities Depositories Limited (NSDL):

The cut-off date for membership is September 4, 2026. Only members with registered email addresses as of this date are eligible to vote electronically.

Fund Raising Details

The company seeks approval to raise up to $50 million (or equivalent) through various instruments including QIPs, FCCBs, debentures, warrants, or other equity-linked securities. The issuance may occur in one or more tranches.

Proceeds will be utilised for:

• Long-term working capital requirements and business expansion.
• Capital expenditure, including technology infrastructure, R&D, and data centres.
• Repayment or refinancing of existing rupee-denominated loans and borrowings.
• General corporate purposes.

The board retains discretion to determine pricing, timing, and investor selection based on market conditions. For QIPs, a discount of up to 5% on the floor price may be offered.

Capital Structure Changes

The authorised share capital will increase from ₹165 crore (16.5 crore shares) to ₹175 crore (17.5 crore shares), with a face value of ₹10 each. This requires an amendment to the Memorandum of Association.

Additionally, the company proposes to raise the aggregate investment limit for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) from 10% to 24% of paid-up equity capital. The limit for Foreign Portfolio Investors (FPIs) will increase from 24% to the applicable sectoral cap. These changes aim to facilitate broader participation from foreign investors in the proposed securities issue.

Regulatory Compliance

Disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons remained closed during the board meeting and will reopen 48 hours after the announcement. M/s. Nuren Lodya and Associates has been appointed as the Scrutinizer for the postal ballot.

KS Smart Technologies Limited has scheduled its 35th Annual General Meeting for Wednesday, September 30, 2026, at 11:00 AM (IST), to be held through Video Conferencing/Other Audio Visual Means, alongside the release of its Annual Report for FY 2025-26.

The company, formerly known as Soma Papers and Industries Limited, reported consolidated revenue from operations of ₹1,31,192.09 lakhs for FY 2025-26, compared to ₹68,825.53 lakhs in FY 2024-25. Consolidated Profit After Tax stood at ₹7,433.01 lakhs versus ₹2,014.45 lakhs in the prior year. EBITDA for the group reached ₹13,287.11 lakhs, up from ₹4,160.07 lakhs in FY25, representing growth of 265.12%. Earnings Per Share on a consolidated basis was ₹9.17.

AGM Schedule and E-Voting Details

The key dates for the AGM and remote e-voting process are as follows:

Members wishing to speak during the AGM may register as speakers by sending a request on or before September 23, 2026 to secretarial@kssmart.co . The AGM notice and Annual Report for FY 2025-26 are available on the company's website at https://ksstech.co/investors and on the NSDL website at www.evoting.nsdl.com .

Key Agenda Items

The AGM will transact the following ordinary and special business:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026
• Re-appointment of Mr. Rohan Ramaswamy (DIN: 07079289) as Executive Director, retiring by rotation
• Appointment of M/s. Sharp and Tannan, Chartered Accountants (FRN: 003792S), as Statutory Auditors for a first term of five consecutive years from the conclusion of the 35th AGM to the conclusion of the 40th AGM, at a remuneration of ₹30,00,000/- (Rupees Thirty Lakhs only) towards audit fee, excluding applicable taxes and other fees, for FY 26-27
• Approval under Section 185 of the Companies Act, 2013 for loans, guarantees, or securities up to an aggregate outstanding amount not exceeding ₹1,000 Crores
• Ratification of utilisation of ₹43.46 crore out of preferential issue proceeds of ₹176.60 crore towards repayment of existing debt of wholly owned subsidiary KS Smart Solutions Private Limited and general corporate purposes

Consolidated Financial Performance

The group's consolidated financial highlights for FY 2025-26 compared to FY 2024-25 are presented below (amounts in lakhs):

On a standalone basis, the company reported gross sales and other income of ₹205.63 lakhs for FY 2025-26, against nil in FY 2024-25. The standalone loss for the year was ₹32.28 lakhs compared to a loss of ₹19.44 lakhs in the prior year.

Preferential Issue and Utilisation

During the year, the company completed a preferential issue of equity shares and fully convertible warrants aggregating to ₹176.60 crore, approved by members at the Extra-Ordinary General Meeting held on September 4, 2025. The objects included repayment of existing debt of KS Smart Solutions Private Limited amounting to ₹75.00 crore and general corporate purposes of ₹22.00 crore. The monitoring agency, Infometrics Valuation and Rating Limited, reported in its quarterly report for the quarter ended June 30, 2026 that ₹43.23 crore was utilised towards repayment of KSSPL's debt owed to Baaz Dynamics Private Limited (a related party) and ₹0.23 crore was utilised under general corporate purposes. The Board has confirmed no deviation or variation in the objects or quantum of utilisation from those approved by members, and the matter is being placed before members for ratification.

Key Financial Ratios (Consolidated)

The company's registered office is located at No. 528, Anna Salai, Teynampet, Chennai, Tamil Nadu 600018. The AGM scrutiniser is M/s. Nuren Lodaya & Associates, Practising Company Secretary. Results will be declared within the timeline stipulated under applicable laws and placed on the company's website and NSDL's website.