Soma Textiles & Industries
111.00
-0.17(-0.15%)
Market Cap₹366.67 Cr
PE Ratio157.33
IndustryTextiles
Company Performance:
1D-0.15%
1M-24.66%
6M+162.91%
1Y+94.53%
5Y+4,252.94%
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More news about Soma Textiles & Industries
13Oct 25
Soma Textiles & Industries: Major Ownership Shift and Merger with Subsidiary
Soma Textiles & Industries Limited has announced significant changes in its ownership structure. Two key promoters sold a 15.95% stake to Roadway Solutions India Infra Limited and associated parties. The buyers acquired a total controlling stake of 74.95% for Rs. 87,67,42,526. Additionally, the company announced a merger with its subsidiary to improve operational efficiency and reduce costs. The company's total equity share capital remains unchanged at Rs. 33,03,30,000.
10Oct 25
Soma Textiles Undergoes Major Leadership Overhaul Following Share Purchase Agreement
Soma Textiles & Industries has unveiled a comprehensive restructuring of its leadership team following a share purchase agreement. Effective October 10, 2025, key changes include Mr. Ameet Harjinder Gadhoke as the new Managing Director, Mrs. Teja Ranade Gadhoke as Non-executive Chairperson, and Mr. Narsingh Narain Giri as Non-Executive Independent Director. Three independent directors have stepped down. The changes stem from a share purchase agreement dated July 9, 2025, involving new purchasers Roadway Solutions India Infra Limited and the Gadhokes. The company has also approved a new business activity, subject to shareholder approval, indicating a potential shift in strategic direction.
15Sept 25
Roadway Solutions India Infra Announces Open Offer for 25.02% Stake in Soma Textiles at ₹47.14 per Share
Roadway Solutions India Infra Limited, along with persons acting in concert, has launched an open offer for Soma Textiles & Industries Limited. The offer aims to acquire up to 82,64,942 equity shares, representing 25.02% of the voting share capital, at ₹47.14 per share. The pre-offer advertisement and corrigendum were published in multiple newspapers. Mefcom Capital Markets Limited is managing the offer.
12Sept 25
Soma Textiles Publishes Independent Directors' Open Offer Recommendations
Soma Textiles & Industries has announced the publication of recommendations from its Committee of Independent Directors regarding an open offer to shareholders. The recommendations were published on September 12, 2025, in multiple newspapers across different languages including Financial Express, Jansatta, Navshakti, and Ek Din. This action complies with SEBI regulations under the Substantial Acquisition of Shares and Takeovers framework. The company's Secretary & Compliance Officer, Reena Prasad, communicated this to both BSE Limited and National Stock Exchange of India Limited.
23Jul 25
Roadway Solutions India Infra Launches Open Offer for 25.02% Stake in Soma Textiles at ₹47.14 Per Share
Roadway Solutions India Infra Limited (RSIIL) has initiated an open offer to acquire up to 25.02% stake in Soma Textiles & Industries Limited. The offer price is ₹47.14 per share for 82,64,942 equity shares, with a total consideration of ₹38.96 crore if fully subscribed. This follows RSIIL's agreement to acquire a 74.98% stake from existing promoters at ₹35.40 per share. The tendering period is set for August 29 to September 12, 2025. If fully subscribed, RSIIL could potentially hold 100% of Soma Textiles, resulting in a complete change of control.
Soma Textiles & Industries
111.00
-0.17
(-0.15%)
1 Year Returns:+94.53%
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