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Soma Textiles & Industries Ltd. Company History and Annual Growth Details

2002-The Board of Directors of Soma Textile & Industries Ltd at its meeting held on August 07, 2002 has allotted:

1. 3,22,000 -15% Optionally Fully Convertible Debentures (OFCD) of Rs.100/- each by converting the portion of company's overdue liabilities to ICICI Bank Ltd. aggregating to Rs 3,22,00,000/-
2. 3,52,000 -15% Optionally Fully Convertible Debentures of Rs.100/- each by converting part of the Rupee Tied overdue loan to the IDBI aggregating to Rs 3,52,00,000/-.

2004

-Industrial Development Bank of India [IDBI] has acquired 17,60,000 shares amounting to 12.11% of the total paid up capital of Soma Textiles Limited.

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