Corrigendum to NCLT amalgamation scheme notice for Somany Ceramics

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

SOMANYCERA · price

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₹507.10

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₹514.30

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AI summary

Somany Ceramics issued a corrigendum to the NCLT order, correcting 'Scheme of Arrangement' to 'Scheme of Amalgamation' for the court-convened equity shareholders meeting on 13th June 2026 at 11:30 AM. The scheme merges three wholly-owned subsidiaries (Somany Bathware, Somany Excel Vitrified, SR Continental) into Somany Ceramics, with appointed date 1st April 2025. No new shares will be issued as the transferor shares will be cancelled. NCLT has dispensed meetings for the transferor companies and secured creditors.

Likely market impact

Procedural update only with no material change. Equity shareholders should vote on the amalgamation scheme at the 13th June 2026 meeting.