Soma Textiles & Industries has submitted the paper cutting of the public notice for its 88th Annual General Meeting to the stock exchanges. The notice was published in the Financial Express (English Edition) and Ekin (Bengali Edition) on July 7, 2026. The company informed the exchanges regarding the completion of the dispatch of the Annual Report for the financial year 2023-24, along with the Notice of AGM, E-voting information, and Book Closure details.

The 88th Annual General Meeting is scheduled for July 31, 2024, at 3:00 P.M. through Video Conferencing or Other Audio Visual Means. The Board of Directors has recommended a final dividend of 5%, equivalent to ₹0.5 per equity share of ₹10 each for the financial year 2023-24, subject to shareholder approval. The record date for dividend entitlement is July 17, 2024, and payment is scheduled on or before August 14, 2024.

Key Meeting Details

The Register of Members and Share Transfer Books will remain closed from July 17, 2024, to July 31, 2024. Remote e-voting facilities will be available from July 28, 2024, at 9:00 A.M. to July 30, 2024, at 5:00 P.M. Shareholders as on the cut-off date of July 24, 2024, are eligible to vote.

Soma Textiles & Industries Limited has fixed July 17, 2026, as the record date to determine shareholder eligibility for the final dividend recommended for the financial year ended March 31, 2026. The Board of Directors had previously recommended a final dividend of 5%, or ₹0.5 per equity share of ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting. This confirmation was submitted to the Bombay Stock Exchange in response to a query regarding the compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company reported a net profit of ₹981.84 lakhs for FY26, a decrease from the ₹6,930.94 lakhs recorded in the previous year. Revenue from operations surged to ₹8,088.16 lakhs from ₹948.75 lakhs, driven by the company's transition into highway construction. Following a change in management and control, Soma Textiles restructured its operations, making highway construction its sole reportable primary business segment starting from the quarter ended December 2025.

For the year under review, the company recorded exceptional items totaling ₹611.24 lakhs. This included a foreign exchange gain of ₹337.19 lakhs on a loan to its associate company, Soma Textiles FZC, and a profit of ₹274.04 lakhs on the sale of fixed assets. Total income for the year stood at ₹8,750.96 lakhs, while total expenses were reported at ₹8,273.16 lakhs. The company has not transferred any amount to reserves during the financial year.

Financial Performance

The company’s equity share capital remained unchanged at ₹3,303.30 lakhs, divided into 3,30,33,000 equity shares of ₹10 each. As of March 31, 2026, 97.41% of the total paid-up equity share capital was held in dematerialized form.