Soma textiles & industries has disclosed details of a Supreme Court order dated February 9, 2026, affecting its promoter company Roadways Solutions India Infra Limited in compliance with SEBI listing regulations. The company received information about the order on February 14, 2026, and has made the disclosure in the interest of transparency.

Supreme Court Directions

The Supreme Court of India disposed of Special Leave Petitions filed in the matter involving National Highways Authority of India versus Vadodara Mumbai Expressway PKG 08 Private Limited. The court modified an earlier Delhi High Court order in proceedings under Section 34 of the Arbitration and Conciliation Act, 1996.

Financial Award Details

The Supreme Court directed the National Highways Authority of India to deposit 50% of the total awarded amount before the Delhi High Court Registry within eight weeks from the order date. The financial implications are substantial for the involved parties.

Roadways Solutions India Infra Limited has been permitted to withdraw the deposited amount upon furnishing an irrevocable and unconditional bank guarantee to the satisfaction of the Delhi High Court Registrar General.

Project Background

The dispute stems from a Concession Agreement dated June 22, 2021, relating to the Vadodara-Mumbai Expressway Project covering Packages VIII and IX. An Arbitral Award was passed on August 1, 2025, in connection with the project, which was subsequently challenged under Section 34 of the Arbitration and Conciliation Act, 1996, before the Delhi High Court.

The remaining 50% of the awarded amount will be received only after the final hearing before the Delhi High Court scheduled for July 14, 2026. The current order is interim in nature, and the final outcome depends on the High Court proceedings.

Impact on Soma Textiles

Soma Textiles & Industries Ltd. has clarified its position regarding the Supreme Court order and its potential impact on company operations.

The company emphasized that based on currently available information, the Supreme Court order does not have any direct material impact on its financial or operational activities. This disclosure has been made purely for transparency and regulatory compliance purposes under SEBI listing obligations.

Soma Textiles & Industries Limited announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 14, 2026.

Financial Performance Overview

The company reported mixed financial performance for the quarter ended December 31, 2025. Despite operational challenges, the company managed to achieve profitability during the period.

Business Transformation

The company has undergone a significant business transformation during the reporting period. Previously engaged in trading of cotton and cotton yarn with 'Textile' as its reportable primary business segment until September 2025, the company has now shifted its focus entirely to highway construction as its only reportable primary business segment from the quarter ended December 2025.

Exceptional Items

The quarter included exceptional items totaling ₹73 lakhs, comprising foreign exchange gains and profit on sale of fixed assets.

Change in Promoter Control

A major corporate development occurred during the period with a complete change in promoter and management control. Pursuant to a Share Purchase Agreement dated July 9, 2025, the existing promoters sold their entire shareholding to new promoters. The new promoter group includes Roadway Solutions India Infra Limited, Mr. Ameet Harjinder Gadhoke, and Mrs. Teja Ranade Gadhoke.

The Board appointed new leadership including Mr. Ameet Harjinder Gadhoke as Managing Director and Mrs. Teja Ranade Gadhoke as Non-Executive Chairperson, along with three new Independent Directors.

Regulatory Compliance

The financial results comply with Indian Accounting Standards (Ind AS) and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The results have been subject to limited review by statutory auditors Pipara & Co., Chartered Accountants, Ahmedabad.