Soma Textiles & Industries Limited has informed the Exchange regarding 'Open offer updates-Regulation 30 LODR (SEBI)'.

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

SOMATEX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+18.5%Reaction day

₹45.46

prior close

₹53.89

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+18.2% vs market

Other Textile Products peers, median of 172sector-0.3%+18.8% vs sector

On the reaction day the stock moved 18.2 pts more than Nifty Microcap 250 and 18.8 pts more 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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Reaction day

+18.5+0.4+18.2-0.3+18.8

Next day

+42.2-0.1+42.4-0.6+42.9

+56.4+0.0+56.4-1.0+57.4

+72.1+1.2+70.8-0.7+72.8

+80.7+1.7+79.0-0.6+81.3

+89.7+2.0+87.7+0.0+89.7

+109.1+1.3+107.8-0.4+109.5

15d

+104.1-1.3+105.5-2.6+106.7

+77.1-4.7+81.9-5.5+82.7

+77.5-1.9+79.4-7.2+84.8

+67.0-3.0+70.1-8.9+76.0

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 172Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Roadway Solutions India Infra Limited (Acquirer), along with persons acting in concert Ameet Harjinder Gadhoke and Teja Ranade Gadhoke, have entered into a Share Purchase Agreement to acquire 2,47,68,058 equity shares (74.98%) of Soma Textiles from the existing Somany family promoters and Sarvopari Investments for ₹87.67 crores. As a result, a mandatory open offer has been triggered under SEBI (SAST) Regulations for up to 82,64,942 additional shares (25.02% of voting capital) from public shareholders at ₹47.14 per share, aggregating to about ₹38.96 crores. The Acquirer has stated it has no intention to delist the company, and the existing promoters will cease to be in control. Mefcom Capital Markets is managing the offer, and a Detailed Public Statement is expected by July 16, 2025.

Likely market impact

This represents a change of control at Soma Textiles, with the Somany family exiting and the Roadway Group taking over. Shareholders can choose to tender shares in the open offer at ₹47.14, and the stock may see price action around the offer price as a near-term reference point.