Acquisitions2 April 2026 at 08:42 am
KS Smart Technologies Ltd: Shankar Varadharajan & Others Acquire Shares Worth 60.95% of Total Diluted Share/Voting Capital
AI Summary
KS Smart Technologies Ltd, formerly known as Soma Papers and Industries Limited, has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Shankar Varadharajan, Anancha Perumal Selvi Keshav, Rohan Ramaswamy, Subramanyam Venkatesh, and Seethapathi Vignesh have acquired shares and voting rights in the company. The total acquisition is 60.95% of the total diluted share/voting capital of the company. The acquisition was made through the conversion of warrants which were allotted on preferential allotment.
Key Highlights
- Shankar Varadharajan, Anancha Perumal Selvi Keshav, Rohan Ramaswamy, Subramanyam Venkatesh, and Seethapathi Vignesh have acquired shares in KS Smart Technologies Ltd.
- The total acquisition is 60.95% of the total diluted share/voting capital of the company.
- The acquisition was made through the conversion of warrants which were allotted on preferential allotment.
- The equity share capital of the company has increased from Rs. 115,47,56,100/- to Rs. 164,07,00,000/-.
- The total voting capital of the company has increased from 11,54,75,610 Equity Shares to 16,40,70,000 Equity Shares.