Soma Textiles & Industries Limited has informed the Exchange about Agreements
SOMATEX · price
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The promoter and promoter group of Soma Textiles & Industries have signed a Share Purchase Agreement on July 9, 2025 to sell their entire 2,47,68,058 equity shares (74.98% of paid-up capital) for a total cash consideration of Rs. 87.67 crore (approximately Rs. 35.4 per share). The buyers are Roadway Solutions India Infra Limited (acquiring ~68% of the stake), along with Ameet Harjinder Gadhoke and Teja Ranade Gadhoke as persons acting in concert. Roadway Solutions and the two individuals are not related to the existing promoters. Upon completion of the SPA, the existing promoter group will completely exit the company and Roadway Solutions along with the PACs will be classified as the new promoters.
This is a complete change of control at Soma Textiles. Existing promoters are exiting fully and new management will take over. An open offer to public shareholders will be triggered under SEBI Takeover Regulations, giving minority shareholders an opportunity to exit at the same price. The stock could see significant volatility and is likely to react positively in the short term given the takeover premium, though the small-cap nature of the company means liquidity should be monitored.