Soma Textiles & Industries Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 26, 2025
SOMATEX · price
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Awaiting price reaction for this filing.
Soma Textiles & Industries held its 87th AGM on September 26, 2025 via video conferencing, with 60.23% of outstanding shares (19,894,953 out of 33,033,000) participating in the voting. All six resolutions were passed with overwhelming majority — adoption of FY25 audited financial statements received 100% approval, and the remaining five resolutions received over 99.97% approval with negligible dissent. Key items included re-appointment of Shri A. K. Somany as Managing Director, appointment of Mr. Pravin Kumar Drolia as Secretarial Auditor for five years, and approval for sale of motor vehicles to promoter group entity Sarvopari Investment Private Limited.
Strong shareholder turnout and near-unanimous approval of all resolutions suggest solid confidence in management. Related party transactions involving the promoter group — vehicle sale and ex gratia payment to the MD — were cleared comfortably, leaving no material overhang for the stock.