NCLT meetings approve Somany Ceramics amalgamation scheme

SOMANYCERA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹519.25

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₹519.60

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AI summary

Somany Ceramics filed NCLT Kolkata Chairperson Reports for the equity shareholders and unsecured creditors meetings held on 13 June 2026. Both meetings approved the Scheme of Amalgamation bringing Somany Bathware, Somany Excel Vitrified and SR Continental into Somany Ceramics under Sections 230 to 232 of the Companies Act 2013. Equity shareholders approved with 99.99 percent votes in favour out of 31,079 shareholders. Unsecured creditors approved unanimously representing three-fourths in value.

Likely market impact

Approval clears a key step toward NCLT final sanction for merging three group entities into Somany Ceramics, simplifying the group structure.