Soma Papers & Industries Ltd — Important, 01-01-1970: Company Update

Soma Papers and Industries Limited's open offer to acquire up to 4,26,58,200 equity shares, representing 26.00% of the expanded equity at Rs. 10 per share, has a revised schedule. The timeline for various activities, including dispatch of the letter of offer, offer opening, and closure, has been extended. Additionally, 6.54 crore equity shares and 3.46 crore convertible warrants were preferentially allotted to the acquirers and Persons Acting in Concert. These allotted securities carry no voting rights and are held in demat escrow accounts. This update clarifies the offer process and related share allotments for investors.