Cera Sanitaryware Limited has informed the Exchange about Update on Divestment of entire stake in two Subsidiaries LLPs
CERA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cera Sanitaryware has fully exited two subsidiary LLPs effective 29th September 2025. In Race Polymer Arts LLP, the company retired in favor of its existing JV partner Shreeyam Ceramics LLP for a consideration of Rs. 16.50 crores; Race had a turnover of Rs. 43.67 crores (2.27% of consolidated revenue) and net worth of Rs. 27.09 crores. In Packcart Packaging LLP, both original partners retired and new partners Mr. Paresh Patel and Mr. Parixit Patel were admitted for Rs. 2.51 crores; Packcart had a turnover of Rs. 12.90 crores (0.67% of consolidated) and net worth of Rs. 2.92 crores. Total combined consideration is Rs. 19.01 crores, and neither buyer belongs to the promoter/promoter group. The two LLPs together contributed under 3% of Cera's consolidated revenue, indicating these were non-core ancillary units.
Marginally positive — the company receives ~Rs. 19 crores in cash and simplifies its group structure by exiting non-core polymer and packaging operations. Limited financial impact given the small revenue contribution, but reflects management's sharper focus on the core sanitaryware business.