Soma Textiles & Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
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Awaiting price reaction for this filing.
Soma Textiles held its 87th AGM on September 26, 2025, via video conferencing, chaired by Mr. Surendra Kumar Somany. The meeting concluded at 3:25 PM with six resolutions — two ordinary and four special business items. Ordinary business covered adoption of audited financial statements for FY ending March 31, 2025 (standalone and consolidated) and re-appointment of Shri S. K. Somany, who retires by rotation. Special business included appointment of Mr. Pravin Kumar Drolia as secretarial auditor for five years, re-appointment of Shri A. K. Somany as Managing Director, approval to sell company motor vehicles to promoter group entity Sarvopari Investment Private Limited, and payment of ex gratia to Managing Director Shri Arvind Kumar Somany. Both statutory and secretarial auditors had no qualifications in their reports. E-voting results from the scrutinizer are awaited and will be filed separately.
This is a routine procedural filing confirming the AGM was conducted. The two related-party items — sale of vehicles to a promoter company and ex gratia payment to the Managing Director — require shareholder approval and will reflect in the pending voting results. Re-appointment of the promoter-family Managing Director continues existing management structure, with no governance changes signalled.