KS Smart Technologies’ wholly owned subsidiary -- KS Smart Solutions (KSSPL) has proposed to incorporate a subsidiary in the United States of America (USA), subject to receipt of requisite approvals. KSSPL will hold 51% stake in the proposed entity. Consequent to the above, the US Subsidiary will become a wholly owned step-down subsidiary of the company.
The incorporation of the proposed entity in the United States is aimed at supporting the company’s international expansion and strengthening its presence in global markets. The proposed entity will have business objects aligned with KSSPL’s business activities, enabling it to explore new business opportunities, expand its customer base, and enhance its ability to serve clients in international markets.
The proposed incorporation is expected to contribute to the company’s long-term growth by facilitating access to developed and emerging markets, expanding its business network, enhancing brand visibility, and enabling it to leverage opportunities across geographies and sectors. It is also expected to improve operational efficiencies and facilitate cost optimisation in international trade.
KS Smart Technologies (Formerly known as Soma Papers and Industries) manufactures and markets coated papers & boards, fluorescent papers and self-copy papers.
