KS Smart Technologies Limited (formerly known as Soma Papers and Industries Limited) has announced the successful incorporation of its new step-down subsidiary, marking a strategic expansion into advanced technology solutions. The company informed stock exchanges about this corporate development through a regulatory filing under SEBI's disclosure requirements.

New Subsidiary Details

Ikshanaa Technology Solutions Private Limited has been incorporated as a step-down wholly owned subsidiary with the Corporate Identity Number U62090TN2026PTC190092. The Ministry of Corporate Affairs issued the Certificate of Incorporation on February 24, 2026, with the company's registered office located in Chennai, Tamil Nadu.

Business Scope and Objectives

The new subsidiary will operate in the technology and IT sector with comprehensive business objectives covering multiple technology domains. The company's main objects include assembling, rebuilding, repairing, upgrading, trading, importing, exporting, marketing, and licensing of information technology, electronics, electrical, mechanical, communication, security, and smart technology products and solutions.

Key focus areas encompass:

• Hardware Solutions: Computers, monitors, peripherals, networking systems, storage media, and office equipment
• Communication Systems: PBX/EPBX, telecommunication and satellite systems, surveillance and IoT devices
• Advanced Technologies: Artificial Intelligence (AI), Machine Learning (ML), Generative AI, Deep Learning, Natural Language Processing (NLP)
• Specialized Solutions: Computer vision, autonomous surveillance, robotics, edge computing, biometric systems, access control, and metal and vehicle surveillance systems

Strategic Impact and Market Position

The incorporation represents a strategic move aimed at expanding KS Smart Solutions Private Limited's presence in the Business-to-Government (B2G) sector. This expansion will strengthen the parent company's position in technology and IT-enabled services while enabling backward integration capabilities.

The step-down subsidiary structure creates a related party relationship with KS Smart Technologies Limited by virtue of the ultimate holding company arrangement. Company officials indicated that no other promoter, promoter group, or group companies have any interest in the proposed incorporation beyond this structural relationship.

Regulatory Compliance and Future Operations

The incorporation process required subscription to the Memorandum of Association with the specified investment amount. As the business operations are yet to commence, no turnover figures are applicable at this stage. The company confirmed that no additional governmental or regulatory approvals are required for this incorporation.

The establishment of Ikshanaa Technology Solutions Private Limited aligns with KS Smart Technologies' long-term growth objectives and enhances its capabilities to deliver comprehensive and integrated solutions to government clients. The subsidiary's focus on cutting-edge technologies positions the group to capitalize on emerging opportunities in the rapidly evolving technology sector.

KS Smart Technologies Limited has announced a significant project win for its wholly owned subsidiary, with KS Smart Solutions Private Limited securing a contract worth approximately ₹33.80 crore from Haryana State Electronics Development Corporation Limited, a state government undertaking. The project represents a major milestone in the company's government sector engagement and technology deployment capabilities.

Project Overview

The awarded contract involves the deployment of 29,236 smartphones embedded with specialized Poshan Tracking Software under the World Bank aided ICDS Project-III. This initiative falls under the Social Welfare and Nutritious Meal Programme Department of the Government of Tamil Nadu, highlighting the project's focus on nutrition tracking and welfare program management.

Strategic Significance

The project demonstrates KS Smart Technologies' capabilities in delivering technology solutions for government welfare programs. The Poshan Tracking Software embedded in the smartphones will support the Integrated Child Development Services (ICDS) program, which is crucial for monitoring nutrition and welfare initiatives in Tamil Nadu.

Project Details and Timeline

The assignment requires immediate implementation with a firm completion deadline of May 21, 2026. The project involves:

• Deployment of 29,236 smartphones with specialized tracking software
• Integration with the World Bank aided ICDS Project-III framework
• Support for the Social Welfare and Nutritious Meal Programme Department operations
• Comprehensive technology solution for nutrition tracking and program management

Regulatory Compliance and Disclosure

KS Smart Technologies has formally notified BSE Limited through a regulatory filing dated February 24, 2026, under reference number SE/2025-26/Q4/23. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has confirmed that this project does not involve any related-party transactions and that promoters or group companies have no interest in the awarding entity. Company Secretary and Compliance Officer Priyanka Malpani has signed the formal disclosure, ensuring complete transparency in the announcement.

This project win strengthens KS Smart Technologies' position in the government technology solutions sector and demonstrates its subsidiary's capability to execute large-scale deployment projects for critical welfare programs.