Members approve increase in authorised share capital to INR 175 crore via postal ballot

Members have approved, by Ordinary Resolution passed through Postal Ballot (remote e-voting), the alteration of the Capital Clause (Clause V) of the Memorandum of Association.

Tue 13 Oct 2026

Authorised Share Capital

Rises from Rs. 165 crore to INR 175 crore

Authorised Shares

16,50,00,000 to 17,50,00,000 equity shares of Rs. 10 each

Resolution Passed Date

October 11, 2026, the last date for remote e-voting

What the company told the exchange

KS Smart Technologies Ltd (formerly known as Soma Papers and Industries Limited; BSE Scrip Code 516038) has informed the exchange that its Members have approved, by way of an Ordinary Resolution passed through Postal Ballot (remote e-voting), the alteration of the Capital Clause (Clause V) of the Memorandum of Association of the Company, pursuant to Sections 13 and 61 of the Companies Act, 2013. The resolution is deemed to have been passed on October 11, 2026, the last date for remote e-voting.

The numbers in the update

• Authorised share capital before the change: Rs. 165 crore divided into 16,50,00,000 equity shares of Rs. 10 each.
• Authorised share capital after the change: INR 175 crore divided into 17,50,00,000 equity shares of INR 10 each.
• The update states the nature of the change as an increase in Authorised Share Capital from INR 165 crore to INR 175 crore.

Timeline of approvals

• Date of approval by the Board: September 11, 2026.
• Date of approval by Members: October 11, 2026.

The letter to the exchange is dated October 12, 2026, and refers to the company's earlier letter dated September 11, 2026 and to the intimation of the same date regarding the Postal Ballot results.

What authorised share capital means

Authorised share capital (also called nominal capital) is the maximum share capital a company is permitted to have as per its Memorandum of Association. It works as a ceiling. The ceiling in this case moves from Rs. 165 crore to INR 175 crore.

Because the face value of each equity share stays at Rs. 10 (INR 10), the number of equity shares the company is authorised to have rises from 16,50,00,000 to 17,50,00,000 shares.

What was changed and how

The change is to Clause V (the Capital Clause) of the Memorandum of Association. The approval was given by the Members through an Ordinary Resolution passed via Postal Ballot using remote e-voting, and the resolution is deemed to have been passed on the last date for remote e-voting, October 11, 2026.

The company has stated that the Postal Ballot results and the Scrutinizer's Report have been shared separately and are available on its website.

How a retail investor can read this

• Authorised capital is the outer limit on shares a company can have; it is a charter-level number, distinct from the issued and paid-up capital of the company.
• The update is about the alteration of the Capital Clause of the Memorandum of Association, following Member approval through a postal ballot.
• The resolution was carried as an Ordinary Resolution, by remote e-voting through postal ballot.

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