KS Smart Technologies Ltd: Shankar Varadharajan & Others Acquire Shares Worth 60.95%

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 and others, including 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%, with Shankar Varadharajan holding 25.36%, Anancha Perumal Selvi Keshav holding 4.51%, Subramanyam Venkatesh holding 4.51%, and Seethapathi Vignesh holding 1.20%. The acquisition was made through the conversion of warrants which were allotted on preferential allotment. The total equity share capital of the company has increased from Rs. 115,47,56,100/- to Rs. 1,50,07,00,000/- after the acquisition.