Soma Textiles & Industries Ltd reported a net profit of ₹982 lakh for the financial year ended March 31, 2026, marking a turnaround from the net loss of ₹6,927 lakh recorded in the previous year. Revenue from operations surged to ₹8,088 lakh for FY26, compared to ₹949 lakh in FY25, driven by the company's transition into highway construction as its primary business segment. For the quarter ended March 31, 2026, the company posted a net profit of ₹488 lakh on a revenue of ₹5,082 lakh.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The Audit Committee had reviewed the results prior to the Board's approval. M/s. Pipara & Co LLP, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results.

Financial Performance

The company’s financial performance reflects a strategic shift in operations. Until the September 2025 quarter, the company was primarily engaged in the trading of cotton and cotton yarn. From the quarter ended December 2025, the company has been engaged solely in highway construction as its only reportable primary business segment, in accordance with Ind AS 108.

Exceptional Items and Management Changes

Exceptional items for the year ended March 31, 2026, totaled ₹611 lakh, comprising a foreign exchange gain of ₹337 lakh on a loan given to associate company Soma Textiles FZC and a profit of ₹274 lakh on the sale of fixed assets. The company noted that no income tax liability arises for the financial year 2025-26 in view of carried forward losses and unabsorbed depreciation.

A change in promoters and management control occurred following a Share Purchase Agreement dated July 9, 2025. The existing promoters, including Mr. Surendra Kumar Somany and Mr. Arvind Kumar Somany, sold their entire shareholding to new promoters Roadway Solutions India Infra Limited, Mr. Ameet Harjinder Gadhoke, and Mrs. Teja Ranade Gadhoke. Consequently, the earlier management resigned, and the Board appointed Mr. Ameet Harjinder Gadhoke as Managing Director and Mrs. Teja Ranade Gadhoke as Non-Executive Chairperson.

Consolidated Results and Assets

The audited consolidated financial results for the year ended March 31, 2026, mirrored the standalone figures, with a net profit of ₹982 lakh and total income of ₹8,751 lakh. The company reported that the share of losses of its associate, Soma Textiles FZC, exceeded its interest, leading to the discontinuation of loss recognition as the investment was fully impaired.

Total assets as at March 31, 2026, stood at ₹22,881 lakh, an increase from ₹16,172 lakh in the previous year. Equity and liabilities totaled ₹22,881 lakh, with total equity at ₹16,767 lakh. The company’s cash and cash equivalents decreased to ₹58 lakh from ₹182 lakh at the end of the previous year.

Soma Textiles & Industries Ltd has scheduled a board meeting for Saturday, May 30, 2026, to consider and approve the audited financial results for the quarter and fiscal year ended March 31, 2026. The meeting will be held at 4:30 P.M. via video conferencing or other audio-visual means.

Agenda for the Meeting

The primary agenda includes the consideration and approval of the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. Additionally, the board will review the standalone and consolidated balance sheets, statements of profit and loss, and cash flow statements for the fiscal year. The results will be accompanied by the statement of assets and liabilities as of March 31, 2026.

Trading Window Closure

In continuation of a previous communication dated March 27, 2026, the company has notified that the trading window will remain closed. The closure period, which began on April 1, 2026, will extend until 48 hours after the public announcement of the audited financial results. Consequently, the trading window will remain shut until June 1, 2026.

Key Meeting Details