SOMAPPR , a wholly owned subsidiary KS Smart Solutions Private Limited, has secured a significant contract worth approximately ₹680.00 crores from Acer India Private Limited via Electronics Corporation of Tamil Nadu Limited. The deal involves supplying and installing laptop computers to various educational institutions in Tamil Nadu between December 2025 and April 2026.

This development has triggered an open offer for SOMAPPR shares, as announced by the company's new acquirers and persons acting in concert (PACs).

Open Offer Details

The open offer is being made by Mr. Shankar Varadharajan and Mr. Anancha Perumal Selvi Keshav (collectively referred to as the "Acquirers") along with Mr. Rohan Ramaswamy, Mr. Subramanyam Venkatesh, and Mr. Seethapathi Vignesh (collectively referred to as the "PACs").

Key points of the open offer:

• The acquirers aim to purchase up to 4,26,58,200 equity shares of SOMAPPR, representing 26.00% of the expanded equity and voting share capital.
• The offer price is set at ₹10.00 per equity share.
• The offer opens on November 28, 2025, and closes on December 11, 2025.

Recent Developments

On October 6, 2025, SOMAPPR made a preferential allotment of 6,54,05,610 equity shares and 3,45,94,390 convertible warrants to the Acquirers and PACs. These securities have been credited to their respective demat escrow accounts, in compliance with SEBI regulations. The Acquirers and PACs do not have voting rights for these allotted shares and warrants.

Impact on Shareholders

This open offer provides an opportunity for existing shareholders of SOMAPPR to tender their shares at ₹10.00 per share. Shareholders should note that:

1. The identified date for determining eligible shareholders is November 14, 2025.
2. The letter of offer will be dispatched to shareholders by November 21, 2025.
3. The last date for revising the offer price is November 26, 2025.

Investors should carefully review the letter of offer and consult with their financial advisors before making a decision on whether to participate in the open offer.

Looking Ahead

The successful execution of the ₹680.00 crore contract by KS Smart Solutions could potentially boost SOMAPPR's financial performance in the coming years. However, investors should also consider the implications of the change in control resulting from this open offer when making their investment decisions.

As always, it's crucial for investors to conduct their own research and consider their individual financial goals and risk tolerance before making any investment choices.

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.