Soma Textiles & Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2025
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Soma Textiles & Industries submitted the consolidated Scrutinizer's Report for its 87th AGM, which was held on September 26, 2025 via video conferencing. There were 16,697 eligible members holding 33,033,000 shares, of which valid votes were cast by 47 folios representing 19,894,953 shares (about 60% of total). All six resolutions were passed with requisite majority, with nearly 100% of valid votes in favor and only a handful of dissenting shares (255-295). The resolutions covered: (1) adoption of audited FY25 financial statements, (2) re-appointment of S.K. Somany as Director, (3) appointment of Pravin Kumar Drolia as secretarial auditor for 5 years (FY26-FY30), (4) re-appointment of A.K. Somany as Managing Director for 3 years effective January 22, 2026, (5) sale of company motor vehicles to promoter group entity Sarvopari Investments Pvt Ltd, and (6) ex gratia payment to MD Arvind Kumar Somany.
Routine procedural filing confirming all AGM resolutions passed. Shareholders should note two related-party transactions that were approved: sale of motor vehicles to a promoter group company and ex gratia payment to the Managing Director, both of which required special resolutions. Re-appointment of A.K. Somany as MD for another 3-year term provides management continuity.