The Board has appointed Ms. R. Priyanka Malpani (A64349) as the Company Secretary and Compliance Officer of the company with effect from 15.01.2026
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Soma Papers & Industries Ltd has announced a sweeping change in its board and key managerial personnel, triggered by the completion of an open offer by new promoters/persons acting in concert. Five resignations were noted, effective January 21, 2026: the Whole-time Director & CFO Vanteddu Lakshmi Priya Darshini, three Independent Directors (Mounika Pammi, Kuntala Rani Roy, and Shivashankar Reddy Gopavarapu), and Company Secretary Komal Agarwal. On the same day, the board appointed Mr. Anancha Perumal Selvi Keshav as the new Managing Director and Chairman for 5 years, Mr. Rohan Ramaswamy as Executive Director, Mrs. Reshma D as Independent Director for 5 years, Mr. Vignesh Seethapathi as new CFO, and Ms. R. Priyanka Malpani as Company Secretary. The new promoter-directors have strong technology backgrounds (IoT, AI, AR/VR), hinting at a possible strategic pivot.
This is effectively a change-of-control event via open offer. Shareholders should expect a likely shift in business strategy, as the new promoter team comes from a technology background rather than the paper industry the company is named after. Short-term stock volatility is possible as the market digests the new direction, and shareholder approval will be sought at the next general meeting to formalize the appointments.