KS Smart Technologies Ltd. Further Invests in Wholly-Owned Subsidiary
KS Smart Technologies Limited (formerly known as Soma Papers and Industries Limited) announced a further investment in its wholly-owned subsidiary, KS Smart Solutions Private Limited (KSSPL), on March 31, 2026. The investment aligns with the company’s business requirements and strategic objectives.The company acquired 9,700 equity shares of ₹10 each at a premium of ₹48,150 per share, for a total cash consideration. KSSPL will continue to remain a wholly-owned subsidiary.
KSSPL, for the financial year 2024-25, achieved a standalone turnover of ₹69,655.55 lakhs and a consolidated turnover of ₹69,657.99 lakhs. KSSPL is engaged in the business of technology innovation, offering IT solutions, skill development trainings, and emerging technology solutions.
A table outlining key details of the acquisition is provided below:
| Particulars | Details |
|---|---|
| Name of the target entity | KS Smart Solutions Private Limited (KSSPL) |
| Whether the acquisition falls within related party transaction(s) | No |
| Industry | Technology and IT sector |
| Objects and impact of acquisition | Expanding KSSPL presence and strengthening operations |
| Indicative time period for completion of the acquisition | 31 March, 2026 |
| Consideration | Cash |
| Cost of acquisition | ₹48,150 per equity share |
| Percentage of shareholding / control acquired | KSSPL will continue to remain wholly owned subsidiary |
Turnover (In Rupees lakhs)
| Particulars | 2024-25 | 2023-24 | 2022-23 |
|---|---|---|---|
| Standalone | 69655.6 | 21,748.98 | 6,337.34 |
| Consolidated | 69658 | - | - |
KSSPL operates in India.
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