Board Meeting Details

The Meeting of the Board of Directors was held on Saturday, May 23, 2026, commencing at 04:30 PM IST and concluding at 05:45 PM IST.

Key Approvals

The Board considered and approved the following:

  • 1. Audited standalone financial results for quarter and year ended March 31, 2026
  • 2. Audited consolidated financial results for quarter and year ended March 31, 2026
  • 3. Auditors' Report with unmodified opinion on both standalone and consolidated financial results
  • 4. Reappointment of M/s Pavan Reddy & Associates as Internal Auditor for FY 2026-2027
  • 5. Appointment of M/s Sharp and Tannan, Chartered Accountants (Firm Registration No. 003792S) as Statutory Auditors from conclusion of 35th AGM until conclusion of 40th AGM

Trading Window Closure

The window for trading in securities by designated persons and their immediate relatives shall open after 48 hours from declaration of financial results, in accordance with the Company's Code for Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations, 2015.

Standalone Financial Performance (INR in Lakhs)

Profit & Loss Statement

| Period | Revenue from Operations | Other Income | Total Income | Total Expenses | Net Loss |

| Q4 FY26 | 203.20 | 1.66 | 204.86 | 222.66 | (17.80) |

| FY26 | 203.20 | 2.43 | 205.63 | 237.91 | (32.28) |

| FY25 | - | - | - | 19.44 | (19.44) |

Earnings Per Share (INR)

| Period | Basic EPS | Diluted EPS |

| Q4 FY26 | (0.02) | (0.02) |

| FY26 | (0.03) | (0.03) |

| FY25 | (1.39) | (1.39) |

Balance Sheet Position (as at March 31, 2026)

  • Total Assets: ₹22,479.41 lakh
  • Equity Share Capital: ₹16,407.00 lakh (increased from ₹140.22 lakh in FY25)
  • Other Equity: ₹5,778.16 lakh (improved from negative ₹136.35 lakh in FY25)
  • Total Equity: ₹22,185.16 lakh
  • Current Liabilities: ₹294.25 lakh
  • Non-Current Liabilities: ₹23.00 lakh

Cash Flow Statement (FY26)

  • Net cash used in operating activities: (₹44.71) lakh
  • Net cash used in investing activities: (₹22,169.16) lakh
  • Net cash from financing activities: ₹22,219.39 lakh
  • Net increase in cash: ₹5.52 lakh
  • Cash at year-end: ₹24.60 lakh (from ₹19.08 lakh at beginning)

Consolidated Financial Performance (INR in Lakhs)

Profit & Loss Statement

| Period | Revenue from Operations | Other Income | Total Income | Total Expenses | Net Profit |

| Q4 FY26 | 81,469.22 | 433.49 | 81,902.71 | 74,287.68 | 5,657.91 |

| FY26 | 1,31,192.09 | 1,296.00 | 1,32,488.09 | 1,22,355.51 | 7,433.01 |

| FY25 | 68,825.53 | 832.46 | 69,657.99 | 66,882.87 | 2,014.44 |

Earnings Per Share (INR)

| Period | Basic EPS | Diluted EPS |

| Q4 FY26 | 4.88 | 4.88 |

| FY26 | 9.17 | 9.17 |

| FY25 | 4.13 | 4.13 |

Balance Sheet Position (as at March 31, 2026)

  • Total Assets: ₹1,73,377.53 lakh
  • Equity Share Capital: ₹11,576.67 lakh
  • Other Equity: ₹17,934.07 lakh
  • Total Equity: ₹29,493.07 lakh
  • Total Liabilities: ₹1,43,884.46 lakh

Reverse Acquisition Details

The Company acquired 100% equity shares of KS Smart Solutions Private Limited (KSS) comprising 10,000 equity shares of ₹10 each for consideration of ₹4,874 lakhs, discharged by issuing 4,87,37,920 equity shares of ₹10 each to KSS promoters. This transaction was accounted for as a reverse acquisition, making the Company the accounting acquiree and KSS the accounting acquirer.

Share Issuance and Warrant Conversion

  • Issued 4,86,67,850 equity shares on preferential basis to non-promoters at ₹20 per share
  • Issued 1,66,67,690 equity shares to erstwhile KSS promoters at ₹10 per share
  • Received share application money for 4,85,94,390 Compulsorily Convertible Share Warrants (25% of issue price received upfront)
  • Warrants were converted into equity shares during the year upon payment of balance amount

Subsidiaries Included in Consolidation

  • KS Smart Solutions Private Limited (w.e.f October 6, 2025)
  • Five 28 Anna Salai LLP (w.e.f October 6, 2025)
  • Southern Electric Metering Private Limited (w.e.f October 6, 2025)
  • Ikshanaa Technology Solutions Private Limited (w.e.f February 24, 2026)

Corporate Changes

  • Company name changed from Soma Papers and Industries Limited to KS Smart Technologies Limited (approved February 4, 2026)
  • Main object clause amended to include end-to-end IT solutions, hardware, software, training, skilled manpower, IT infrastructure, smart classroom solutions, emerging technologies (AR/VR), CCTV, and government/institutional projects
  • Registered office shifting from Telangana to Tamil Nadu approved (subject to statutory approvals)

Auditor Information

  • Internal Auditor: M/s Pavan Reddy & Associates reappointed for FY 2026-2027
  • Statutory Auditor: M/s Sharp and Tannan, Chartered Accountants appointed from conclusion of 35th AGM until 40th AGM
  • Auditors issued unmodified opinion on both standalone and consolidated financial results