Announced Fri, 19 Jun · 23:00 IST
NCLT meeting approves amalgamation of 3 subsidiaries into Somany Ceramics
SOMANYCERA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹517.00
prior close
₹517.55
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.3-0.0+0.3-1.5+0.2-0.6+0.0+3.3+3.9+4.1-2.6——
Up moveDown movePending
AI summary
Equity shareholders of Somany Ceramics approved the Scheme of Amalgamation at the NCLT-convened meeting on June 13, 2026. Three wholly owned subsidiaries (Somany Bathware, Somany Excel Vitrified, and SR Continental) will merge into Somany Ceramics with effect from April 1, 2025. 145 shareholders holding 3.12 crore shares voted in favor (99.99998%), 5 voted against. No new shares will be issued as the transferor companies are wholly owned.
Likely market impact
Internal restructuring of wholly owned subsidiaries; no share dilution. Awaiting final NCLT sanction for the scheme to take effect.