update on further investment.
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Soma Papers and Industries Limited has made a further investment in its wholly owned subsidiary, KS Smart Solutions Private Limited (KSSPL), acquiring the remaining 100% equity stake (36,062 shares of Rs. 10 each) for approximately Rs. 125.51 crores in cash. The transaction was completed on October 6, 2025, as a follow-up to earlier intimations dated August 7, 2025, and October 6, 2025. KSSPL operates in the IT and technology sector, offering hardware, software, surveillance, edutech, AR/VR, and smart city solutions, and is being positioned to expand into the B2G (Business-to-Government) space. KSSPL reported a standalone turnover of Rs. 69,655.55 lakhs in FY24-25, a sharp jump from Rs. 21,626.50 lakhs in FY23-24 and Rs. 6,337.34 lakhs in FY22-23. No related party interests are involved and no regulatory approvals were required.
This is a sizeable acquisition (Rs. 125+ crores) that pushes the listed company into a fast-growing IT and government-facing technology business, with KSSPL's revenue having grown roughly 11x in two years. Shareholders should view this as a strategic pivot toward higher-growth tech verticals, though execution risk in B2G and integration remain key watchpoints.