Pursuant to Regulation 30 and Regulation 31A(10) read with Schedule III of the SEBI LODR Regulations and the SEBI (SAST) Regulations, 2011, we hereby inform you that the open offer made ....
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Soma Papers & Industries Limited (BSE Scrip Code: 516038) has announced the successful completion of the open offer made to its public shareholders, with the acquirer taking control of the company effective January 15, 2026. Following this takeover, the existing promoters have been reclassified from the 'Promoter and Promoter Group' category to the 'Public' category, in line with Regulation 31A(10) of SEBI LODR Regulations. The Board of Directors has taken note of both the completion of the open offer and the resulting change in management and control. All prescribed compliances for the reclassification have been duly satisfied. The intimation was signed by Vanteddu Lakshmi Priya Darshini, Whole-time Director & CFO.
This signals a complete change of ownership and management at the company. Shareholders should expect new strategic direction under the acquirer's leadership, and the former promoters losing their controlling stake may lead to shifts in business focus and governance.