Soma Textiles & Industries has announced a major business development with the receipt of orders valued at ₹281.00 crores. This significant order win marks an important milestone for the textile manufacturer, demonstrating its competitive positioning in the industry.

Order Details

The company has secured substantial orders worth ₹281.00 crores, representing a considerable addition to its order book. This development highlights Soma Textiles & Industries' ability to attract and secure large-scale business contracts in the textile sector.

Business Impact

The receipt of these orders is expected to have a positive impact on the company's business operations and revenue generation. For a company operating in the textile industry, securing orders of this magnitude demonstrates strong market demand for its products and services.

This order win reflects Soma Textiles & Industries' operational capabilities and market positioning within the competitive textile manufacturing landscape. The substantial value of these orders indicates the scale and scope of the business opportunities the company is able to capture.

Industry Context

The textile industry continues to present opportunities for established players like Soma Textiles & Industries. The company's success in securing these significant orders underscores its ability to compete effectively and maintain its market presence in the sector.

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.