Soma Textiles & Industries Limited , a company listed on both BSE and NSE, has witnessed a significant change in its shareholding pattern. Teja Ranade Gadhoke, as part of a larger share purchase agreement, has acquired a 2.60% stake in the company through an off-market transaction on October 13, 2025.

Key Details of the Transaction

Larger Share Purchase Agreement

This acquisition is part of a more extensive share purchase agreement involving multiple buyers. The details of the overall deal are as follows:

Impact on Teja Ranade Gadhoke's Holding

Following this transaction, Teja Ranade Gadhoke's total holding in Soma Textiles & Industries Limited has increased significantly:

Company Details

Soma Textiles & Industries Limited has a total equity share capital of Rs. 33.03 crores, divided into 33,033,000 equity shares of Rs. 10 each. The company's shares are listed on both the BSE and NSE.

This substantial acquisition by Teja Ranade Gadhoke and other buyers represents a significant change in the ownership structure of Soma Textiles & Industries Limited. The transaction adheres to the regulatory requirements, with the necessary disclosures being made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

As the deal involves a change in control, it may trigger an open offer, subject to SEBI regulations. Shareholders and potential investors are advised to monitor further announcements from the company and regulatory bodies for any additional information or implications of this significant ownership change.

Soma Textiles & Industries Ltd has announced a significant overhaul of its board of directors, effective October 10, 2025, following a major change in ownership. This restructuring comes as a result of a share purchase agreement dated July 9, 2025, which saw the Somany family and Sarvopari Investments Private Limited sell their stakes to Roadway Solutions India Infra Limited and the Gadhoke family.

New Leadership Appointments

The company has made several key appointments to its board:

All these appointments are subject to shareholder approval.

Board Resignations

Concurrent with the new appointments, five directors have stepped down from their positions:

All resigning directors have confirmed that there are no material reasons for their resignations beyond those mentioned in their resignation letters.

Ownership Transition

The board restructuring follows a significant change in the company's ownership. According to the share purchase agreement, Roadway Solutions India Infra Limited, Ameet Harjinder Gadhoke, and Teja Ranade Gadhoke have acquired 2,47,68,058 fully paid-up equity shares, representing 74.98% of the paid-up equity share capital of Soma Textiles & Industries Ltd. The total consideration for this transaction amounted to Rs. 87,67,42,526.00.

New Leadership Profiles

Mr. Ameet Harjinder Gadhoke

The new Managing Director brings over two decades of experience in the road construction industry. He has been instrumental in his group's growth and oversees strategy, policy formulation, bidding, tendering, and planning processes. Mr. Gadhoke is also known for his liaison with various government departments and was the recipient of the Hindustan Times Excellence Award in 2016.

Mrs. Teja Ranade Gadhoke

Appointed as the Non-executive Chairperson, Mrs. Gadhoke is a Fellow of the Society of Actuaries with a strong background in mathematics and statistics. Her twenty years of experience in finance, actuarial science, and risk management positions her as a key figure in the company's financial decision-making processes.

Mr. Narsingh Narain Giri

The appointment of Mr. Giri as an Independent Director adds valuable expertise in managing large-scale infrastructure projects and navigating complex stakeholder environments to the board.

This comprehensive board restructuring marks a new chapter for Soma Textiles & Industries Ltd, potentially signaling a shift in the company's strategic direction under its new ownership and leadership.