Soma Textiles Reports Quarterly Results; Announces Change in Promoter Group and Board Composition

Soma Textiles Reports Quarterly Results; Announces Change in Promoter Group and Board Composition​

Soma Textiles & Industries Ltd has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were reviewed by the Statutory Auditors, M/s Pipara & Co., Chartered Accountants, Ahmedabad. Concurrently, the company announced a significant change in ownership and management control following a share sale agreement.

The financial outcomes for the quarter reflect operations across both primary business segments. The company's revenue from operations stood at 2,839 lakhs for the period ended June 30, 2026. Total income reached 2,857 lakhs, against which total expenses were recorded at 2,622 lakhs.

The key financial figures for Soma Textiles & Industries Ltd for the quarter ending June 30, 2026, are detailed below (all amounts in lakhs):


In addition to the standalone performance, the consolidated financial results showed similar operational figures. The company’s management also provided clarity on its associate relationship within the group structure. As part of the consolidated reporting, the company has discontinued recognizing its share of further losses from Soma Textiles FZC (Associate Company), noting that the investment in the associate had been fully impaired according to applicable accounting standards.

Change in Promoters and Management Control​

The Board of Directors confirmed a fundamental shift in the company's ownership structure following a Share Purchase Agreement dated July 9, 2025. The existing Promoters and Promoter Group, comprising Mr. Surendra Kumar Somany, Surendra Kumar Somany HUF, Mr. Arvind Kumar Somany, Arvind Kumar Somany HUF, Mrs. Prasann Arvindkumar Somany, and Sarvopari Investment Pvt. Ltd., sold their entire shareholding to the new Promoters: Roadway Solutions India Infra Limited, Mr. Ameet Harjinder Gadhoke, and Mrs. Teja Ranade Gadhoke.

Following the completion of this transaction, which resulted in a change in Promoter Group and management control, the former management members—including Mr. Surendra Kumar Somany, Mr. Arvind Kumar Somany, Mr. Om Prakash Laxminarayan Kabra, Mr. Amit Nandkishore Shah, and Smt. Rita Chatterjee—resigned from their respective positions.

The Board of Directors subsequently appointed new leadership to oversee the company's affairs. These appointments include:

• 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 Dheeraj Sonaikar as Additional Director and Non-Executive Independent Director.

The company noted that the implementation of the Government of India's Labour Codes, including the Code on Wages, 2019 and the Code on Social Security, 2020, has not resulted in any material financial impact on its defined benefit obligations as at the reporting date.

SOMATEX Stock Price Movement​

Shares of Soma Textiles & Industries Limited shed 2.71% of value and trade lower as of 12:17 PM, with the stock hovering around ₹96.00 in live market trading. Trading volume stands at 6,200 shares as the equity continues its downward movement during the session.