Nature of the Event

This is a regulatory disclosure submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It provides an update on the incorporation of a step-down subsidiary in the United States of America.

Key Details

This communication is a continuation of a prior intimation (ref no. SE/2026-27/28) dated October 20, 2026, which informed about the proposal and approval for this incorporation.

Subsidiary Incorporation Details

Pursuant to the above, the company confirms that "KS Smart Global Inc." was successfully incorporated on October 22, 2026.

The prescribed disclosure format (Annexure A) provides the following factual details:

  • (i) Name of the entity: KS Smart Global Inc.
  • (ii) Date of incorporation: October 22, 2026
  • (iii) Country of incorporation: Delaware, United States of America
  • (iv) Corporate structure: The immediate holding company is KS Smart Solutions Private Limited ("KSSPL"), which is a wholly-owned subsidiary of the listed entity, KS Smart Technologies Limited. Therefore, KS Smart Global Inc. is a step-down subsidiary of the listed company.
  • (v) Industry: The new entity belongs to the Technology and IT sector.
  • (vi) Purpose and rationale: The incorporation is aimed at supporting the company's international expansion and strengthening its global market presence. The entity's business objects are aligned with KSSPL's activities. The stated objectives are to explore new business opportunities, expand the customer base, serve international clients, facilitate access to developed and emerging markets, enhance brand visibility, improve operational efficiencies, and enable cost optimization in international trade. It is expected to contribute to the company's long-term growth.
  • (vii) Governmental/Regulatory Approvals: The disclosure states "Not applicable" for this point.
  • (viii) Nature of consideration: The investment was made via cash consideration.
  • (ix) Cost of subscription: An investment of up to USD 510 was made by way of an initial subscription to shares.
  • (x) Shareholding: A 51% stake in KS Smart Global Inc. is to be held by KSSPL.