Announced Mon, 27 Jul · 19:46 IST
NCLT admits second motion petition for amalgamation scheme
Regulatory & Legal View source PDF
SOMANYCERA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
NCLT Kolkata admitted the second motion petition for amalgamation of Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited into Somany Ceramics Limited under Sections 230-232 of the Companies Act. Appointed date is April 1, 2025. Equity shareholders and unsecured creditors of Somany Ceramics approved the scheme on June 13, 2026 with the requisite majority. Next hearing is fixed for August 28, 2026.
Likely market impact
Progresses the consolidation plan; scheme moves closer to final NCLT sanction, subject to next hearing outcome.