Soma Textiles & Industries Ltd

Soma Textiles & Industries Limited was originally established in the name of 'R.B. Rodda & Co. Limited' in March, 1940, which got the name of the Company changed to Soma Textiles & Industries Limited on 21st January, 1992. The Ahmedabad Unit of Soma Textiles & Industries was taken over in 1969 and a major modernisation and expansion programme was revived by the BIFR. The Company was one of the first units to manufacture Indigo Denim in 1986. In 1994, the Company commissioned its 100% export-oriented spinning unit having the installed capacity of 30,204 spindles. In 1995, it replaced 20 narrow-width Ruti looms with 12 Sulzer 390 cm wide-width looms. To achieve better capacity utilisation, six Sulzer wide-width looms along with one Schlafhorst Rotor Spinning Machine and other balancing machines were installed and commissioned in Sep.'95. Due to the recessionary trend experienced by the Textile industry and the depressed export market, the steep competition from the unorganised sector resulted in erosion in the profitability of the Company during year 1999-2000.To increase the production of Denim Fabrics, the Company installed 20 Second hand Picanol Airjet Looms in 2003. The Company had taken up diversification In its present production plant and added two new products during March, 2004 viz woolen fabrics and knitted fabrics for which it set up new facilities. The Continuous Bleaching and Dyeing machines along with ancillary equipments were commissioned at the Ahmedabad Unit during the year 2005. With the installation and commencement of the steamer in the continuous Dyeing, the Company became fully equipped to to produce new range of shades for fabrics in 2007. It installed 15 Ring frames with automatic doffing equipment. A capacity to produce 5000 pcs. of garments per day was set up in Ahmedabad Unit in 2007. A wholly owned Subsidiary named Soma Textile 'FZE' was incorporated and registered in Hamriya Free Zone, Sharjah, UAE in 2007. During year 2009-10, Soma Textile FZE, an overseas wholly owned subsidiary of the Company raised its Share Capital from AED 300000 to AED 750000. The subsidiary Company, therefore, allotted additional 450 shares of AED 1000 each to two other foreign shareholders i.e. 225 shares each of an aggregate value of AED 450000 and that resulted in dilution of Company's holding in its subsidiary to 40%, from 100% in the paid up capital of its subsidiary. Consequent upon this, Soma Textile FZE ceased to be a subsidiary of the Company on 31st March, 2010 and upon dilution of the Company's holding to 40%, from 100% in the paid up capital of the said subsidiary, it became an 'Associate' of the Company. The Company expanded the Denim process in 2014. The Baramati Cotton to M/s. GTN (Energy (India) Ltd.) at a lumpsum consideration of Rs 29.80 Cr., in June, 2013. The Company was historically engaged in manufacturing cotton yarn, denim fabrics, shirtings, and garments. Following directions of the Hon'ble Gujarat High Court, later upheld by the Hon'ble Supreme Court of India, regarding closure of polluting industries in and around Ahmedabad, the Company discontinued its core manufacturing operations and diversified into cotton trading from November 2022 and continued operations in the textile value chain, up to the quarter ended September 2025. Further, pursuant to the Share Purchase Agreement dated July 09, 2025, executed between the existing Promoters/ Promoter Group and the Purchasers/Transferees, requests were received for transfer of 2,47,68,058 equity shares, representing 74.98% of the paid-up equity share capital of the Company. Consequent to change in management and control, the Company restructured its business operations and with effect from the quarter ended December 2025, commenced operations solely in the highway construction business.