Navigant Corporate Advisors Limited has issued a corrigendum updating the schedule of activities for the open offer by Mr. Shankar Varadharajan and Mr. Anancha Perumal Selvi Keshav to acquire up to 4,26,58,200 equity shares (26% stake) in Soma Papers and Industries Limited. The revision comes after SEBI's observation letter dated November 12, 2025.

Key Updates

1. Offer Price: The open offer price remains unchanged at Rs. 10.00 per share.

2. Preferential Allotment: A preferential allotment of 6,54,05,610 equity shares and 3,45,94,390 convertible warrants was completed on October 06, 2025. These securities are held in demat escrow accounts without voting rights.

3. Revised Schedule: The timeline for various activities related to the open offer has been updated. Key dates include:

Important Notes for Shareholders

• The identified date is solely for determining the names of shareholders to whom the Letter of Offer would be sent.
• All registered and unregistered equity shareholders of Soma Papers and Industries Limited are eligible to participate in the offer before its closure, except for the Acquirers, PACs, Selling Company, and public category preferential allottees.
• The Target Company has filed the updated shareholding pattern with BSE Limited, indicating that the preferentially allotted securities are "held in Demat Escrow Account."

Investors and shareholders of Soma Papers and Industries Limited should take note of these revised dates and updated information regarding the open offer. For further details, they may refer to the Letter of Offer once it is dispatched.

The Manager to the Offer, Navigant Corporate Advisors Limited, can be contacted for any queries related to this open offer.

Soma Papers and Industries Limited has announced a significant move to bolster its presence in the technology sector by making an additional investment in its wholly owned subsidiary, KS Smart Solutions Private Limited (KSSPL). This strategic decision, completed on October 6, 2025, involves the acquisition of a 100% equity stake in KSSPL, comprising 36,062 equity shares at Rs. 10 each, through cash consideration.

Investment Details

About KS Smart Solutions

KSSPL, incorporated on April 28, 2016, is a technology company that offers comprehensive IT solutions across hardware, software, and emerging technologies. Its services span various domains including:

• Software and app development
• IT infrastructure
• Training and digital solutions
• AR/VR technologies
• Smart city solutions
• E-commerce
• Digital marketing

For the financial year 2024-25, KSSPL reported the following financial results:

Strategic Objectives

The investment aims to achieve several strategic objectives:

1. Expand KSSPL's presence in the Business-to-Government (B2G) sector
2. Strengthen its position in technology and IT-enabled services
3. Enhance capabilities in surveillance systems and edutech solutions

This move aligns with KSSPL's growth strategy and is expected to improve its ability to deliver integrated solutions to government clients.

Regulatory Compliance

Soma Papers and Industries Limited has confirmed that this transaction does not fall under related party transactions. The company has also stated that no governmental or regulatory approvals were required for this acquisition.

Market Implications

This investment signals Soma Papers' commitment to diversifying its portfolio and capitalizing on the growing demand for technology solutions, particularly in the government sector. The move may potentially position the company to benefit from increased government spending on digital infrastructure and smart city initiatives.

As the technology sector continues to evolve rapidly, Soma Papers' strategic investment in KSSPL could provide it with a competitive edge in the market. However, investors and market watchers will likely keep a close eye on how this investment translates into tangible growth and profitability for the company in the coming years.