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 shares at Rs. 10 each concluded with minimal participation, as only 25 shares were tendered and accepted. Prior to this offer, the acquirers had already secured 10,00,00,000 shares, representing 60.95% of the company's expanded equity, through a preferential allotment. Post-offer, the acquirers now collectively hold 10,00,00,025 shares, maintaining their 60.95% stake. This transaction results in the acquirers becoming the new promoters, with the previous promoters reclassified as public shareholders.