Postal ballot results: 3 resolutions passed including fund raising via QIP or FCCB
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.9 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KS Smart Technologies Ltd (formerly Soma Papers & Industries) declared postal ballot results on Oct 12, 2026. All 3 resolutions passed with 99.99996% approval. These cover: (1) increase in authorised share capital and MOA alteration, (2) increase in FPI/NRI/OCI investment limits, and (3) approval to raise funds via QIP and/or FCCB and other modes. Total votes polled: 12.43 crore shares (75.74% of paid-up capital). Promoters voted entirely in favour.
Fund raising nod paves way for possible equity dilution. Higher FPI limits may draw foreign investors. Near-unanimous approval shows strong promoter support.