Mefcom Capital Markets Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Public Shareholders of Soma Textiles & Industries Ltd ("Target ....
SOMATEX · price
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Roadway Solutions India Infra Limited (Acquirer), along with Ameet Harjinder Gadhoke and Teja Ranade Gadhoke (PACs), has submitted the Draft Letter of Offer for a mandatory open offer to acquire up to 82,64,942 equity shares (25.02% of voting capital) of Soma Textiles & Industries Ltd from public shareholders at ₹47.14 per share, aggregating to ~₹38.96 crores in cash. The offer is triggered under SEBI (SAST) Regulations due to a Share Purchase Agreement signed on July 9, 2025, under which the Acquirer and PACs will purchase 2,47,68,058 shares (74.98% stake) from the existing promoter sellers (the Somany family and Sarvopari Investments Pvt Ltd) at ₹35.40 per share (total ~₹87.67 crores), resulting in a change of control. Mefcom Capital Markets is the Manager to the Offer and MUFG Intime is the Registrar. The tendering period is tentatively set from August 29, 2025 to September 12, 2025, with SEBI observations expected by August 13, 2025.
This announcement signals a change of control at Soma Textiles, with the existing Somany promoter group exiting completely. Public shareholders have a clear exit opportunity at ₹47.14/share in cash, and the stock may trade around this offer price leading up to the tendering period. Post-completion, the new acquirers will gain management control and be reclassified as promoters of the listed entity.