Soma Textiles & Industries Limited has secured two major construction work orders worth a combined ₹343.95 crores from Roadways Solutions India Infra Ltd, marking a significant business development for the company's infrastructure division.

Order Details and Project Specifications

Soma Textiles & Industries has received construction contracts for two distinct expressway projects across different states. The larger contract involves the construction of an Access Controlled Expressway Connector to Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samrudhi Mahamarg, connecting Jalna to Nanded in Maharashtra. The second project focuses on developing an Eight Lane Access Controlled Expressway in Gujarat.

Related Party Transaction Structure

The orders have been awarded by Roadways Solutions India Infra Ltd, which serves as the holding company of Soma Textiles & Industries Limited. Roadways Solutions holds 56.68% of the paid-up equity share capital of the company, establishing a clear parent-subsidiary relationship.

The promoter connection extends beyond the corporate structure, with Mr. Ameet Harjinder Gadhoke and Mrs. Teja Ranade serving as promoters of both the awarding entity (Roadways) and Soma Textiles & Industries Ltd. Despite this related party nature, the company has confirmed that both transactions have been entered into on an arm's length basis.

Project Execution Framework

Both construction projects will be executed according to the terms of contract along with applicable standards and specifications agreed between the parties. The Maharashtra project involves the execution and construction of the expressway connector as part of the larger Maharashtra Samrudhi Mahamarg network, while the Gujarat project focuses on developing modern eight-lane expressway infrastructure.

Regulatory Compliance and Disclosure

The order announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements under Regulations 30(3) and 30(4) read with Para B, Part A of Schedule III of SEBI Listing Regulations, ensuring transparency for stakeholders.

The company has provided comprehensive details as mandated under Regulation 30 read with Schedule III-Para A(7B) of Part A of the SEBI Listing Regulations, 2015, along with relevant SEBI circulars.

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.