Soma Papers & Industries

Soma Papers and Industries Limited's principal business is manufacturing, with its main segment being Coated Papers, though activities were stopped on August 4, 2004. Currently, due to a scarcity of working capital funds, the company cannot perform any business activities and is making efforts to implement cost reduction measures. Following a successful open offer, a change in ownership and management has occurred, with the new leadership invited to take control of the company. The new management plans to run the company’s affairs from Hyderabad and proposes shifting the registered office from Maharashtra to Telangana for better administration. The company's future development and revival would depend upon the successful commencement of its operational activities with the right strategic partner. The company's future outlook is entirely dependent on securing a new partner that can add value and help guide its return to operational status.;