NewsStocksSoma Papers & Industries Limited Completes Management Restructuring with New Board Appointments Following Open OfferSoma Papers & Industries Limited Completes Management Restructuring with New Board Appointments Following Open Offer
Soma Papers & Industries Limited has completed a comprehensive management restructuring following an open offer, with new board appointments including Managing Director Mr. Anancha Perumal Selvi Keshav and Executive Director Mr. Rohan Ramaswamy effective January 15, 2026. The company also appointed new key managerial personnel including Company Secretary Ms. R. Priyanka Malpani and CFO Mr. Vignesh Seethapathi, while four existing directors and the previous Company Secretary resigned effective January 21, 2026, in compliance with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Soma Papers & Industries Limited has completed a comprehensive management restructuring following the successful completion of an open offer, resulting in significant changes to its board composition and key managerial personnel effective January 15, 2026.
Management Control Transfer and Regulatory Compliance
The board meeting held on January 15, 2026, formally acknowledged the completion of the open offer that effected a change in management and control of the company. In accordance with Regulation 31(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved the reclassification of erstwhile promoters from the "Promoter and Promoter Group" category to the "Public" category with effect from January 15, 2026.
| Parameter: | Details |
|---|---|
| Effective Date: | January 15, 2026 |
| New Promoters: | Mr. Shankar Vardharajan, Mr. Keshav A S |
| Persons Acting in Concert: | Mr. Rohan Ramaswamy, Mr. Venkatesh Subramanyam, Mr. Vignesh Seethapathi |
| Regulatory Compliance: | SEBI (LODR) Regulations, 2015 |
New Board Appointments and Leadership Structure
The company has appointed three new directors to strengthen its leadership team. Mr. Anancha Perumal Selvi Keshav (DIN: 07863502) has been appointed as Additional Executive Director and designated as Managing Director for a five-year tenure, subject to shareholder approval. He will also serve as Chairman of the company. Mr. Keshav holds a Bachelor of Engineering degree from Anna University and brings over 10 years of experience in emerging technologies and their practical applications.
Mr. Rohan Ramaswamy (DIN: 07079289) has been appointed as Additional Executive Director, subject to shareholder approval. He is a technology professional with expertise in leading innovation-driven initiatives and multidisciplinary technical teams, specializing in ICT, IoT, and AR/VR platforms.
Mrs. Reshma D (DIN: 11482128) joins as Additional Non-Executive Independent Director for a five-year term, subject to shareholder approval. She is a Chartered Accountant with expertise in indirect tax laws and compliance matters.
| Position: | Appointee | Tenure |
|---|---|---|
| Managing Director/Chairman: | Mr. Anancha Perumal Selvi Keshav | 5 years |
| Executive Director: | Mr. Rohan Ramaswamy | Until resignation/retirement |
| Independent Director: | Mrs. Reshma D | 5 years |
Key Managerial Personnel Changes
The company has appointed new key managerial personnel to support the transition. Ms. R. Priyanka Malpani (ACS 64349) has been appointed as Company Secretary and Compliance Officer effective January 15, 2026. She brings over eight years of experience in corporate governance, regulatory compliance, IPOs, and mergers and acquisitions, holding a Master of Business Law from the National Law School of India University.
Mr. Vignesh Seethapathi has been appointed as Chief Financial Officer, bringing over five years of experience in financial reporting, budgeting, statutory audits, and regulatory compliance.
Board Resignations and Departures
Four directors and the previous Company Secretary have tendered their resignations effective January 21, 2026, following the management change. The departing directors include Mrs. Vanteddu Lakshmi Priya Darshini (Executive, Whole-time Director), Mrs. Mounika Pammi (Non-Executive Independent Director), Mrs. Kuntala Rani Roy (Non-Executive Independent Director), and Mr. Shivashankar Reddy Gopavarapu (Non-Executive Independent Director). Ms. Komal Agarwal (ACS 67872) has resigned from her position as Company Secretary and Compliance Officer.
| Position: | Outgoing Personnel | Incoming Personnel |
|---|---|---|
| Managing Director/Chairman: | - | Mr. Anancha Perumal Selvi Keshav |
| Executive Director: | Mrs. Vanteddu Lakshmi Priya Darshini | Mr. Rohan Ramaswamy |
| Independent Director: | Mrs. Mounika Pammi, Mrs. Kuntala Rani Roy, Mr. Shivashankar Reddy Gopavarapu | Mrs. Reshma D |
| Company Secretary: | Ms. Komal Agarwal | Ms. R. Priyanka Malpani |
| Chief Financial Officer: | Mrs. Vanteddu Lakshmi Priya Darshini | Mr. Vignesh Seethapathi |
Committee Reconstitution and Corporate Changes
Following the management control change, the board has reconstituted all committees with Mrs. Reshma D serving as Chairman of the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee. Mr. Keshav A S and Mr. Rohan Ramaswamy will serve as members on all committees.
The company has also approved the change of its corporate office address to No. 528, Anna Salai, Teynampet, Chennai – 600 012, where all books of account and financial statements will be maintained. All resignations were submitted pursuant to the completion of the open offer by new promoters and the proposed management change, with departing personnel confirming no other material reasons for their resignations.
16
