In accordance with Regulation 31A(10) of the SEBI LODR Regulations, the Board has noted the reclassification of the erstwhile promoters from the 'Promoter and Promoter Group' category to ....
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Soma Papers & Industries Limited has informed BSE that the open offer made to its public shareholders has been successfully completed. Following this, the acquirers have taken over management and control of the company with effect from January 15, 2026. The Board has noted this change in control and also approved the reclassification of the erstwhile promoters from the 'Promoter and Promoter Group' category to the 'Public' category, in line with Regulation 31A(10) of SEBI LODR Regulations. The company confirmed that all compliance conditions for this reclassification have been satisfied. The intimation was signed by Vanteddu Lakshmi Priya Darshini, Whole-time Director & CFO.
This marks a complete change of ownership and control at the company, with new management now running the business. Shareholders should expect changes in business strategy and direction under the new promoters, and existing promoter holdings have been reclassified as public shareholding.