Soma Textiles & Industries Limited — Board Meeting, 28-07-2025: Outcome of Board Meeting

Soma Textiles & Industries held a board meeting to approve its financial results for Q1 FY26, reporting a consolidated net profit of ₹3.63 Cr.

Major ownership changes are underway: existing promoters will sell 74.98% stake for ₹87.67 Cr to Roadway Solutions India Infra Limited & associates, making them the new promoters. An Open Offer for an additional 25.02% at ₹47.14/share (approx. ₹38.97 Cr) will follow.

The board formed an independent committee to review the Open Offer. Auditors highlighted a 'going concern' uncertainty due to the company's shift from manufacturing to trading, though management sees no issue.