12-Jun-2026 19:06:12
SOMANY CERAMICS : INVESTS ₹1.8 CR IN SUBSIDIARY SSCPL 🏗️🚰
• 💰 Acquired 18 lakh 11% Cumulative Redeemable Preference Shares of ₹10 each in subsidiary Sudha Somany Ceramics Pvt Ltd (SSCPL) • 📌 Total investment stands at ₹1.8 Crore through rights issue • 🏭 SSCPL operates in tiles, sanitaryware, faucets and allied products • 📈 SSCPL reported FY26 turnover of ₹243.07 Cr • 🤝 Investment made to support SSCPL's business operations, growth plans and repayment of existing loans • 🔒 Somany continues to maintain 60% stake in SSCPL after the allotment • ✅ No regulatory approvals required; allotment completed on 10 June 2026 🟢 Impact: Neutral to Positive (Internal capital infusion strengthens subsidiary operations and supports future growth, though investment size is relatively small compared to Somany's overall business.)
SOMANY CERAMICS LIMITED