Meeting Details
The 88th Annual General Meeting of Soma Textiles & Industries Limited was held on Friday, 31st July 2026 at 3:00 PM through Video Conferencing (VC) and Other Audio Visual Means (OAVM).
Meeting Proceedings
Mrs. Teja Ranade Gadhoke, Chairman of the Company, presided over the meeting in accordance with Article 97 of the Articles of Association. Directors present introduced themselves, and the Company Secretary confirmed requisite quorum was present.
The Company Secretary informed members about the availability of registers and documents referred to in the Notice for inspection through MUFG Intime India Private Limited website. The Notice of the Annual General Meeting was taken as read.
Auditor Reports
No qualification remarks were reported by the Statutory Auditors and Secretarial Auditors of the Company in their respective reports for the financial year ended 31st March 2026.
Voting Procedures
The company provided remote e-voting facilities to members. Members who had not cast votes through remote e-voting could avail e-voting facility provided by NSDL during the meeting. Mr. Pravin Kumar Drolia, Company Secretaries, Kolkata (Membership No.: FCS: 2366, CP: 1362) was appointed as Scrutinizer to scrutinize the entire voting process.
Business Transacted
Ordinary Business:
1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March 2026 (both Standalone and Consolidated basis), together with Reports of Auditors and Board of Directors
2. To appoint a Director in place of Shri Shrikant Bhairaveshwar Bhat (DIN: 00650380), who retires by rotation and being eligible, offers himself for re-appointment
3. To declare Final Dividend at the rate of 5% per Equity Share Capital of ₹10 each for the Financial Year ended 31st March 2026
Chairman's Address and Q&A
The Chairman addressed members and briefed them on company operations and overall performance. Members registered as speakers raised queries through VC/OAVM on financial statements and business affairs, which were addressed by the Chief Financial Officer.
Voting Closure and Results
Voting remained open for 15 minutes after the conclusion of the AGM for members who joined but hadn't cast votes. E-voting results along with consolidated Scrutinizer's Report will be informed to stock exchanges and placed on the company website and CDSL website.
Meeting Conclusion
The meeting concluded at 4:00 PM with a vote of thanks to the Chair.
Financial Impact
The company declared a final dividend of 5% per equity share of ₹10 each for FY26. No other financial impacts or amounts were quantified in the disclosure.