The Board of Directors of the Company, at its meeting held on December 25, 2025, has duly considered and approved the items as mentioned in the disclosure herewith.
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The Board of Soma Papers & Industries Ltd, at its meeting on December 25, 2025, approved four key items. First, it approved changing the company's name to KS Smart Technologies Limited, pending shareholder and regulatory approval. Second, it approved shifting the registered office from Telangana to Tamil Nadu. Third, it approved issuing a corporate guarantee of up to INR 95 Crores in favour of lenders of its wholly owned subsidiary, KS Smart Solutions Private Limited, to support credit facilities availed by the subsidiary. Fourth, it approved convening an Extra-Ordinary General Meeting (EGM) on January 21, 2026, via video conferencing to seek shareholder approval for these items.
The name change and Telangana-to-Tamil Nadu office shift suggest a strategic pivot away from the legacy paper business towards a technology-focused identity. The INR 95 Crore corporate guarantee exposes the parent company to the credit risk of its subsidiary, which is a material contingent liability for shareholders to watch. EGM on January 21, 2026 will be the key event where these proposals require shareholder consent.