Soma Papers and Industries Limited has announced the appointment of M/s. Sharp & Tannan, Chartered Accountants as its new statutory auditors following shareholder approval at an Extraordinary General Meeting (EGM) held on January 21, 2026. The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Transition Details

The appointment of Sharp & Tannan fills a casual vacancy created by the resignation of the company's existing statutory auditors, M/s. GMJ & Co., Chartered Accountants. The transition was approved under the applicable provisions of Section 139 of the Companies Act, 2013.

Appointment Terms and Scope

Sharp & Tannan will serve as statutory auditors from the conclusion of the January 21, 2026 EGM until the conclusion of the company's next Annual General Meeting. The firm will conduct the statutory audit for the financial year ending March 31, 2026, and will be eligible for re-appointment at the upcoming Annual General Meeting scheduled for the financial year 2026-27.

About Sharp & Tannan

Sharp & Tannan Chennai brings significant expertise to the role, being part of a pan-India network with presence across 10 cities. The firm operates with over 500 staff members and 22 partners, providing comprehensive services including:

• Assurance services
• Governance, Risk & Compliance
• Consultancy and Tax services

The firm has over seven decades of experience in statutory audits of listed entities across diverse sectors including Manufacturing & Industrial, EPC & Infrastructure, IT & IES, BFSI, Real estate, and Infrastructure Trusts. The company confirmed that Sharp & Tannan has no relationships with any of the company's directors.

Regulatory Compliance

The appointment details have been disclosed in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/P/0155 dated November 11, 2024. The company has informed BSE Limited of the auditor change as required under the listing regulations.

Soma Papers & Industries Limited has announced major corporate restructuring changes following shareholder approval at an Extraordinary General Meeting held on January 21, 2026. The company informed BSE Limited about the approval of alterations to its Memorandum and Articles of Association, encompassing both a name change and registered office relocation.

Corporate Rebranding Initiative

The shareholders approved changing the company's name from "Soma Papers & Industries Limited" to "KS Smart Technologies Limited." This rebranding initiative aims to align the company's corporate identity with its existing business operations in providing end-to-end Information Technology solutions. The name change reflects the company's strategic focus on technology services rather than its traditional paper and industries background.

The following table outlines the key amendments to the Memorandum of Association:

Registered Office Relocation

Alongside the name change, shareholders also approved relocating the company's registered office from Telangana to Tamil Nadu. This geographical shift forms part of the company's future business expansion plans, designed to enhance access to resources and enable more efficient operational management. The relocation is expected to support the company's growth strategy in the Information Technology sector.

Regulatory Compliance and Implementation

The company has assured stakeholders that these changes will not affect its legal status or impact the rights and obligations of members and other stakeholders. Both special resolutions were passed with the requisite majority through the remote e-voting process, demonstrating strong shareholder support for the transformation.

The implementation of these changes remains subject to receiving requisite statutory approvals from relevant authorities. The company has communicated these developments to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory transparency.

These strategic changes position the company for enhanced operational efficiency and better market positioning in the technology sector, marking a significant transformation from its traditional business model.