SOMATEXNSESoma Textiles & Industries Limited· Textiles - CottonMediumNeutral
Announced Fri, 20 Mar · 17:32 IST

The Exchange had sought clarification from Soma Textiles & Industries Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI. The response of the Company is enclosed.

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SOMATEX · price

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Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹93.55
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-4.0-5.9-7.7-3.1+1.7+12.0+3.6+16.5+11.0+1.6
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AI summary

Soma Textiles submitted clarifications to NSE on two observations related to its Q3 FY26 (quarter ended 31-Dec-2025) financial results. First, the mention of 'Half Year' in the Limited Review Reports was a typographical error; corrected reports in the SEBI-prescribed format have been re-submitted. Second, the delay in filing results was due to technical glitches on the NSE portal, and the company had emailed the exchange about the issue within the stipulated timeline. The filing also includes the actual Q3 results showing revenue of ₹2,801 lakhs (up from ₹59 lakhs YoY) and a standalone net profit of ₹194 lakhs for the quarter. The company has also disclosed a major shift from the textile business to highway construction as its primary segment, a complete change in promoters (the Somany family sold out to Roadway Solutions India Infra and the Gadhoke family), and full impairment of its investment in associate Soma Textiles FZC.

Likely market impact

The exchange observations were procedural (format and filing delay), not substantive, and the company has addressed them with corrected submissions — so the immediate regulatory risk appears low. However, investors should note the dramatic business pivot from textiles to highway construction under entirely new promoters, which represents a fundamental change in the company's risk and earnings profile.