Soma Textiles & Industries
123.70
+5.89(+5.00%)
Market Cap₹408.62 Cr
PE Ratio132.84
IndustryTextiles
Company Performance:
1D+5.00%
1M-5.34%
6M+185.02%
1Y+164.03%
5Y+4,317.86%
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More news about Soma Textiles & Industries
15Oct 25
Soma Textiles Directors Sell 74.98% Stake for Rs 87.67 Crore
Directors of Soma Textiles & Industries Limited have agreed to sell a 74.98% stake in the company for Rs 87.67 crore. The Promoter and Promoter Group are selling 2,47,68,058 equity shares to Roadway Solutions India Infra Limited, Ameet Harjinder Gadhoke, and Teja Ranade Gadhoke. Roadway Solutions India Infra Limited will acquire the largest portion with 49.99% of the company's shares. This transaction marks a significant shift in the company's ownership structure and could potentially influence its future direction and operations.
15Oct 25
Teja Ranade Gadhoke Acquires 2.60% Stake in Soma Textiles as Part of 74.98% Share Purchase Deal
Teja Ranade Gadhoke has acquired a 2.60% stake (858,531 shares) in Soma Textiles & Industries Limited through an off-market transaction on October 13, 2025. This acquisition is part of a larger share purchase agreement involving multiple buyers, who are collectively acquiring 74.98% of the company for Rs. 87.67 crores. Following the transaction, Gadhoke's total holding in the company has increased from 3.38% to 5.98%. The deal may trigger an open offer, subject to SEBI regulations.
13Oct 25
Soma Textiles & Industries Undergoes Complete Board Restructuring Following Ownership Change
Soma Textiles & Industries Ltd has undergone a significant board restructuring following a change in ownership. Roadway Solutions India Infra Limited and the Gadhoke family have acquired a 74.98% stake in the company. New appointments include Mr. Ameet Harjinder Gadhoke as Managing Director, Mrs. Teja Ranade Gadhoke as Non-executive Chairperson, and Mr. Narsingh Narain Giri as Non-Executive Independent Director. Five previous directors, including Shri Surendra Kumar Somany and Shri Arvind Kumar Somany, have resigned. The new leadership brings expertise in road construction, finance, and infrastructure project management.
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
123.70
+5.89
(+5.00%)
1 Year Returns:+164.03%
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