Soma Textiles & Industries Ltd. Modifies Terms of Motor Vehicle Sale, Settling Outstanding Loan Obligation

Soma Textiles & Industries Ltd. announced a modification in the terms of the sale of two motor vehicles at its Board of Directors meeting on 28th July, 2025. The company will now sell the vehicles without the loan, settling the outstanding loan obligation fully. The vehicles include a Land Rover Range Roer Sport and a Cayenne V6, Chromite Black Metallic. The buyer is Sarvopari Investment Private 1td, a promoter shareholder of the company. The purpose of the sale is that the vehicles are no longer required for business operations. The expected completion date is on or before 30th September, 2025. The cash consideration for the vehicles is Rs. 2, 46, 70,000 (Two Crore Forty Six Lakhs Seventy Thousand only). The transaction is at arm's length.