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.

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.

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.

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.

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.