Soma Textiles & Industries Limited — Others, 27-11-2024: Shareholders meeting

Soma Textiles & Industries Ltd. has sent a Postal Ballot Notice to shareholders, requesting approval for a material related party transaction with Patodia Overseas Exports LLP, valued up to ₹15 crore, which represents approximately 288.61% of the company's annual consolidated turnover for FY2023-24. Voting will occur through e-voting from November 29 to December 28, 2024, with results announced by December 30, 2024. This transaction aims to maintain operational continuity and is anticipated to be well-received by investors, reflecting the company's commitment to transparency and governance.