Soma Textiles Reports Rs 300 Lakh Profit Amid Complete Promoter Change

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:

Particulars	Q2 FY2026 (Rs. in lakhs)
Revenue from Operations	205.00
Other Income	73.00
Total Income	278.00
Total Expenses	321.00
Profit before Exceptional Items	(43.00)
Exceptional Items	185.00
Profit before Tax	142.00
Net Profit	142.00

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.

Soma Textiles & Industries Limited has announced several significant corporate decisions following a board meeting held on November 5, 2025. The company has made notable changes to its leadership and approved important transactions that could impact its future operations.

Board Appointments and Reconstitution

The Board of Directors has approved the appointment of two new additional independent directors:

Mrs. Sunita Gangadhar Jamkhande
Mrs. Archana Dheeraj Sonaikar

These appointments are part of a broader reconstitution of the Board committees, which the company states is to comply with regulatory requirements and align with a new ownership structure following an acquisition.

Material Related Party Transactions

The Board has given its approval for several material related party transactions:

Party	Nature of Transaction
Roadway Solutions India Infra Limited	- Execution of a Road Project (EPC/HAM mode)

Availing Inter Corporate Deposits (ICD) | | Vadodra-Mumbai Express Package-8 | Availing Inter Corporate Deposits (ICD) | | Vadodra-Mumbai Express Package-9 | Availing Inter Corporate Deposits (ICD) | | Mumbai-Falcon | Availing Inter Corporate Deposits (ICD) |

These transactions are subject to compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Other Key Decisions

The Board meeting also resulted in several other important decisions:

Appointment of DSK Legal as the company's legal adviser.
Approval for an increase in the borrowing powers of the Board of Directors under Section 180(1)(c) of the Companies Act, 2013.
Approval for an increase in remuneration for Shri S B Bhat, Whole-Time Director, within the maximum limit as per the terms and conditions of his appointment.

These decisions reflect Soma Textiles & Industries Limited's efforts to strengthen its governance structure, expand its operational capabilities, and align its financial strategies with its growth plans. The appointment of new independent directors and the reconstitution of Board committees suggest a focus on enhancing corporate governance practices.

The approval of material related party transactions, particularly those involving road project execution and inter-corporate deposits, indicates potential expansion in the company's infrastructure-related activities. Meanwhile, the increase in borrowing powers points to possible plans for capital expansion or restructuring.