Interim dividend of Rs 6 per share approved; subsidiary stake may rise to 76%

Corporate Actions View source PDF Explain this filing

SOMANYCERA · price

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Price reactionminutes from the announcement price · days from the prior close

-5.3%Reaction day

₹570.10

prior close

₹596.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Ceramics peers, median of 10sector+0.4%-5.7% vs sector

On the reaction day the stock moved 5.7 pts less than its Ceramics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-5.0

10m

-7.1

15m

-8.7

30m

-6.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.3pendingpending+0.4-5.7

Next day

-3.6pendingpending+2.6-6.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Ceramics peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board approved a 300% interim dividend of Rs 6 per share for FY2026-27, payable within 30 days to shareholders on the 13 November 2026 record date. Q2 standalone revenue was Rs 778.4 crore and net profit Rs 41.7 crore; consolidated revenue was Rs 853.5 crore and net profit Rs 41.6 crore. It approved buying up to 24.75 lakh shares of Somany Sanitary Ware for cash, lifting its stake from 51% to up to 76%. The purchase price is not disclosed.

Likely market impact

The dividend may support sentiment. More subsidiary ownership could increase the company's share of profits and control, but cash costs are unknown.