Soma Textiles Announces Audited Financial Results and Major Management Control Changes
Soma Textiles & Industries Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company also confirmed a significant change in its promoter and management control.The company's boards approved the audited results during a meeting held on May 30, 2026. Auditors confirmed an unmodified opinion on both the Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.
Key Financial Results Summary
The company's financial performance details are presented across standalone and consolidated statements, covering the quarter and the full year ended March 31, 2026.Financial Results Highlights (in lakhs)
| Particulars | Quarter Ended 31.03.2026 | Year Ended 31.03.2026 |
|---|---|---|
| Total Income | 5,087 | 1,454 |
| Total Expenses | 8,273 | 1,586 |
| Profit/(Loss) before exceptional items and tax | 478 | (132) |
| Exceptional Items | 226 | 6,960 |
| Profit/(Loss) before tax | 1,089 | 6,828 |
| Net Profit/(Loss) for the period | 488 | 6,927 |
| Total Comprehensive Income | 489 | 6,931 |
Balance Sheet Summary (as at March 31)
The total assets of the company reached 22,881 lakhs in the consolidated view at the end of March 2026, compared to 16,172 lakhs in the previous year.| Particulars | As at 31st March, 2026 (Lakhs) | As at 31st March, 2025 (Lakhs) |
|---|---|---|
| Total Assets (Consolidated) | 22,881 | 16,172 |
| Total Equity (Consolidated) | 16,767 | 15,784 |
| Total Liabilities (Consolidated) | 6,114 | 388 |
Operational and Management Changes
The company announced a complete change in its ownership structure and management control.The existing promoters and promoter group, including Mr. Surendra Kumar Somany, Mr. Arvind Kumar Somany, and Mrs. Prasann Arvindkumar Somany, sold their entire shareholding. The shareholding transferred to the new promoters were Roadway Solutions India Infra Limited, Mr. Amee Harjinder Gadhoke, and Mrs. Teja Ranade Gadhoke.
Following the transaction, the Board of Directors appointed:
- Mr. Ameet Harjinder Gadhoke as Additional Director and Managing Director.
- Mrs. Teja Ranade Gadhoke as Additional Director and Non-Executive Chairperson.
- Mr. Narsingh Narain Giri as Additional Director and Non-Executive Independent Director.
- Mrs. Sunita Gangadhar Jamkhande as Additional Director and Non-Executive Independent Director.
- Mrs. Archana Oheeraj Sonaikar as Additional Director and Non-Executive Independent Director.
Exceptional Items
The financial results included exceptional items for the quarter ended March 31, 2026. The total exceptional items for the year ended March 31, 2026, amounted to 611 lakhs.| Particulars | Quarter Ended 31.03.2026 (Lakhs) | Year Ended 31.03.2026 (Lakhs) |
|---|---|---|
| Foreign Exchange Gain / (Loss) on Loan Given to Soma Textiles FZC | 175 | 337 |
| Profit / (Loss) on Sale of Fixed Assets (Net) | 51 | 274 |
| Total Exceptional Items | 226 | 611 |
Cash Flow Analysis
The audited consolidated cash flow statement detailed the movement of cash and cash equivalents for the year ended March 31, 2026.| Cash Flow Activity | Year Ended 31st March, 2026 (Lakhs) | Year Ended 31st March, 2025 (Lakhs) |
|---|---|---|
| Net Cash generated from operating activities | (10,293) | (596) |
| Net cash Inflow from investing activities | 10,444 | (54) |
| Net cash Inflow / (Outflow) from financing activities | (275) | (365) |
| Net increase / (Decrease) in cash and cash equivalents | (124) | (1,015) |
| Cash and cash equivalent as at the end of the period | 58 | 182 |
SOMATEX Stock Price Movement
On Friday, Soma Textiles & Industries Limited shares edged higher to close at ₹106.84, gaining 5.37% on the session. The stock posted these gains on a recorded volume of 18,900 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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