Soma Textiles & Industries Limited has informed the Exchange about General Updates-open offer

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

SOMATEX · price

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹104.80

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.7% vs market

Other Textile Products peers, median of 177sector-0.0%-2.0% vs sector

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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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 177Pending

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AI summary

Soma Textiles & Industries Limited has informed the exchanges about the filing of the Draft Letter of Offer for an open offer made by Roadway Solutions India Infra Limited (Acquirer) along with Ameet Harjinder Gadhoke and Teja Ranade Gadhoke (Persons Acting in Concert). The offer is for acquisition of up to 82,64,942 equity shares (25.02% of voting share capital) at ₹47.14 per share, aggregating to a total consideration of approximately ₹38.96 crores, payable in cash. This open offer has been triggered pursuant to a Share Purchase Agreement dated July 9, 2025, under which the Acquirer and PACs will buy 2,47,68,058 shares (74.98% of paid-up capital) from the existing promoters — the Somany family entities — at ₹35.40 per share, leading to a change in control and management of the company. The Tendering Period is scheduled from August 29, 2025 to September 12, 2025, with Mefcom Capital Markets acting as Manager to the Offer.

Likely market impact

This announcement signals a change of control at Soma Textiles, with the promoter group exiting via the SPA and Roadway Solutions India Infra Limited taking over. Shareholders can tender their shares in the open offer at ₹47.14 per share in cash; the stock may see price movement around the open offer window as it typically trades near the offer price.