The Board of Directors at their meeting held on 21.01.2026 has approved approved the appointment as per the file attached herewith.
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The board of KS Smart Technologies Ltd (formerly Soma Papers & Industries Ltd, scrip code 516038) approved three director appointments on January 21, 2026. Mr. Venkatesh Subramanyam was appointed as an Additional Non-Executive Director in his capacity as Promoter, while Mr. Rajan Chaurasiya and Mr. Puneet Rakesh Pandey were appointed as Additional Non-Executive Independent Directors, each for a 5-year term subject to shareholder approval. The filing explicitly cites a 'change in management control' as the reason for reconstituting all board committees, including the Audit, Nomination & Remuneration, Stakeholders Relationship, CSR, and Risk Management committees. The new directors bring expertise in business strategy, auditing, and tax/investigations respectively.
This signals a significant shift in ownership and control of the company, with a new promoter taking a board seat and fresh independent directors being inducted. Shareholders should watch for the next general meeting where these appointments will be ratified, and expect a potential strategic pivot given the incoming promoter's background in technology, smart cities, and Industry 4.0 consulting.