Soma Textiles & Industries Limited has successfully completed its postal ballot process on December 14, 2025, with all 12 proposed resolutions receiving requisite majority approval from shareholders. The company announced the results on December 15, 2025, following scrutiny by appointed scrutinizer Mr. Pravin Kumar Drolia, Practicing Company Secretary (FCS: 2366, CP: 1362).

Key Board Appointments Approved

The postal ballot process resulted in several significant board appointments that will strengthen the company's leadership structure:

Voting Process and Participation

The postal ballot was conducted exclusively through remote e-voting, facilitated by Central Depository Services (India) Limited. The e-voting period commenced on November 15, 2025, at 9:00 AM IST and concluded on December 14, 2025, at 5:00 PM IST.

Detailed Voting Results

The scrutinizer's report confirmed overwhelming support across all resolutions, with voting results showing consistent approval rates:

Business Expansion Initiatives

Among the approved resolutions, the company received shareholder approval for manufacturing of tyres and exploring licensing opportunities or outright buyout of Indian/European tyre manufacturing companies, including transfer of technology for manufacturing tyres. This represents a significant diversification initiative for the textile company.

Intercorporate Deposit Approvals

Shareholders also approved several intercorporate deposit arrangements with various entities including Solutions India Infra Ltd, Solutions Precast Concrete Pvt Ltd, Mumbai Expressway 8 Pvt Ltd, Mumbai Expressway Package 9 Pvt Ltd, and Falcons Racing Ltd, enabling the company to optimize its financial resources.

Regulatory Compliance

The postal ballot process was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Public notices were published in Financial Express (English Edition) and Ekdin, Kolkata (Bengali Edition) on November 14, 2025, informing members about the completion of postal ballot notice dispatch. The cut-off date for determining eligible shareholders was November 7, 2025, and Ms. Reena Prasad, Company Secretary and Compliance Officer, was authorized to conduct the entire postal ballot process.

Soma Textiles & Industries Limited has reported a profit of Rs 300 lakhs for the quarter and half-year ended September 30, 2025, marking a significant turnaround in its business operations. The company, which has transitioned from manufacturing to trading activities, attributes its positive financial performance to trading operations and investments in mutual funds.

Business Transformation and Management Change

Soma Textiles & Industries has undergone a complete transformation, both in terms of its business model and management structure. The company has shifted its focus from manufacturing operations to trading activities, primarily in cotton and cotton yarn. This strategic pivot has been accompanied by a change in the company's ownership and management.

On July 9, 2025, a share purchase agreement was executed, resulting in a complete change of the company's promoter group. The new promoters, Roadway Solutions India Infra Limited and the Gadhoke family, have acquired the entire shareholding from the previous promoters, including Mr. Surendra Kumar Somany, Mr. Arvind Kumar Somany, and associated entities.

New Leadership

Following this transition, the company has appointed new leadership:

• Mr. Ameet Harjinder Gadhoke: Additional Director and Managing Director
• Mrs. Teja Ranade Gadhoke: Additional Director and Non-Executive Chairperson
• Mr. Narsingh Narain Giri: Additional Director and Non-Executive Independent Director
• Mrs. Sunita Gangadhar Jamkhande: Additional Director and Non-Executive Independent Director
• Mrs. Archana Dheeraj Sonaikar: Additional Director and Non-Executive Independent Director

Financial Performance

For the quarter ended September 30, 2025, Soma Textiles & Industries reported the following key financial metrics:

The company's profit was primarily driven by exceptional items, which included a foreign exchange gain of Rs 108 lakhs on a loan given to its associate company, Soma Textiles FZC, and a profit of Rs 77 lakhs on the sale of fixed assets.

Liquidity Position

As of September 30, 2025, Soma Textiles & Industries reported a strong liquidity position with cash and cash equivalents of Rs 1,482 lakhs, compared to Rs 182 lakhs at the end of the previous financial year. This significant increase in cash reserves provides the company with a solid foundation for its new business direction.

Future Outlook

While the company has shown a profit in this quarter, it's important to note that Soma Textiles & Industries has undergone a significant transformation. The management's decision to shift from manufacturing to trading activities reflects a strategic response to changing market conditions. The company's future performance will likely depend on how effectively it manages its new trading operations and investment strategies.

Investors and stakeholders will be watching closely to see how the new management team navigates this transition and capitalizes on new opportunities in the textile trading sector.