Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Soma Papers and Industries Limited (BSE Scrip Code: 516038) has submitted its Annual Report for FY 2024-25 to BSE under Regulation 34 of SEBI (LODR). The 34th Annual General Meeting is scheduled for September 30, 2025 at 11:00 AM via video conferencing, with the e-voting cut-off date set as September 23, 2025. The AGM notice includes several major special business items: a significant alteration of the company's Object Clause to pivot from a paper business into a technology/IT solutions company (covering hardware, software, smartphones, smart classes, AR/VR, CCTV, and IT skill development), an increase in borrowing limits to Rs. 1,000 crore, a corresponding increase in the limit for creating charges on assets to Rs. 1,000 crore, and a raise in investment/loan limits to Rs. 1,000 crore. The company is also appointing M/s. Nuren Lodaya & Associates as the new Secretarial Auditor for a 5-year term and Mrs. Mounika Pammi as Independent Director for a 5-year term.
Shareholders should note that the company is seeking approval for a major strategic pivot — shifting its core business from paper manufacturing to IT and technology solutions — alongside a sharp increase in permitted borrowing and investment limits to Rs. 1,000 crore each, which could significantly alter the company's risk profile and capital structure.