Intimation regarding proposed acquisition of KS Smart Solutions Private Limited
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Soma Papers & Industries Ltd (Scrip: 516038) board has approved the 100% acquisition of KS Smart Solutions Private Limited (KSSPL), an IT and technology solutions company, for a total consideration of Rs. 48.74 crore to be paid entirely through a share swap (4.87 crore equity shares at Rs. 10 each). KSSPL posted a strong FY24-25 standalone turnover of Rs. 69,657.99 lakhs, up sharply from Rs. 6,337.34 lakhs in FY22-23. To facilitate the deal and raise funds, the company is increasing its authorised share capital from Rs. 5 crore to Rs. 165 crore and proposing multiple preferential issues totalling over Rs. 225 crore, including equity shares and convertible warrants to non-promoter public and KSSPL's selling shareholders. An EGM has been scheduled for September 4, 2025, to seek shareholder approval, and a monitoring agency has been appointed since the total preferential issue size exceeds Rs. 100 crore. The acquisition is aimed at entering the B2G (Business-to-Government) segment via surveillance and edutech solutions.
This is a major strategic shift for Soma Papers, moving it into the high-growth IT and B2G technology space through a sizeable share-swap deal. Existing shareholders will face significant dilution from the preferential allotments, but the acquisition brings in a fast-growing business (KSSPL's revenue grew over 10x in three years). Watch the EGM outcome and completion timelines closely, as the deal is expected to close within two months.