ALPHA TRIBE

Soma Papers & Industries LtdUpdates, 08-08-2025: Company Update

08-08-2025 | 01:17 pm

Soma Papers has released a revised disclosure correcting clerical errors in its recent board meeting outcome. The company confirms there are no changes to the core decisions. The board has approved a preferential issue of up to 4.86 crore equity shares, priced at Rs. 20 per share, to non-promoter investors. This move aims to raise up to Rs. 97.33 crore. These new shares will constitute approximately 29.66% of the company's expanded equity base, significantly bolstering its capital structure for future initiatives.

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