KS Smart Technologies Approves Amalgamation of Wholly Owned Subsidiary

KS Smart Technologies Ltd announced that its Board of Directors has approved a scheme of amalgamation for KS Smart Solutions Private Limited, its wholly owned subsidiary. The amalgamation, subject to regulatory approvals, is expected to take effect from April 01, 2026. The company stated that the transaction is a related party transaction but not subject to specific MCA or SEBI regulations due to the wholly owned subsidiary status. Both entities are involved in hardware and software solutions, IT infrastructure, and emerging technologies. The rationale for the merger includes operational synergies, cost rationalization, and enhanced management efficiency, following the parent company's acquisition of the subsidiary in October 2025. No new shares will be issued as consideration since it's a wholly owned subsidiary.