Soma Textiles & Industries Undergoes Complete Board Restructuring Following 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:

Position	Appointee	Background
Additional Director and Managing Director	Mr. Ameet Harjinder Gadhoke	Over two decades of road construction experience
Additional Director and Non-executive Chairperson	Mrs. Teja Ranade Gadhoke	Twenty years of finance and actuarial expertise
Additional Director and Non-Executive Independent Director	Mr. Narsingh Narain Giri	Extensive experience in managing large-scale infrastructure projects

All these appointments are subject to shareholder approval.

Board Resignations

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

Resigning Director	Previous Position
Shri. Surendra Kumar Somany	Chairman and Director
Shri. Arvind Kumar Somany	Managing Director
Shri Om Prakash Laxminarayan Kabra	Non-Executive Independent Director
Shri Amit Nandkishore Shah	Non-Executive Independent Director
Smt Rita Chatterjee	Non-Executive Independent Director

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	+27.58%	+11.06%	+118.63%	+87.48%	+2,411.14%

Soma Textiles & Industries Limited , a prominent player in the textile industry, has announced significant changes in its ownership structure and operations.

Stake Sale Details

Two key promoters of the company have sold a substantial portion of their holdings to Roadway Solutions India Infra Limited and associated parties.

Seller	Shares Sold	Stake Sold (%)
Surendra Kumar Somany	36,65,725	11.70
Surendra Kumar Somany HUF	14,02,579	4.25
Total	50,68,304	15.95

The transactions were executed through off-market sales on October 09, as part of a larger deal where the buyers are acquiring a controlling stake in the company.

Acquisition Overview

Total Shares Acquired by Buyers: 2,47,68,058
Percentage of Paid-up Equity: 74.95%
Total Consideration: Rs. 87,67,42,526

Buyers' Details

Roadway Solutions India Infra Limited (Acquirer)
Ameet Harjinder Gadhoke (Person Acting in Concert - PAC1)
Teja Ranade Gadhoke (Person Acting in Concert - PAC2)

Impact on Share Capital

The company's total equity share capital remains unchanged at Rs. 33,03,30,000, divided into 3,30,33,000 equity shares of Rs. 10 each.

Merger with Subsidiary

In a separate development, Soma Textiles & Industries has announced a merger with its subsidiary as part of efforts to improve operations. The company aims to achieve better efficiency and reduce costs through this merger.

Conclusion

These transactions mark significant changes for Soma Textiles & Industries Limited. The substantial reduction in the promoter group's stake and the entry of Roadway Solutions India Infra Limited and associated parties as major shareholders could potentially lead to changes in the company's strategic direction. Additionally, the merger with its subsidiary is expected to streamline operations and enhance overall efficiency.