Receipt of Corrigendum Order in relation to the First Motion order passed by Hon'ble NCLT, Kolkata Bench on 09th April, 2026 in the matter of Scheme of Amalgamation
SOMANYCERA · price
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Somany Ceramics Limited has received a corrigendum order from NCLT Kolkata Bench, correcting the original First Motion order passed on 9th April 2026. The correction changes the term 'Scheme of Arrangement' to 'Scheme of Amalgamation' in multiple sections of the order. The original order approved the amalgamation of three wholly-owned subsidiaries — Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited — into Somany Ceramics Limited under Sections 230-232 of the Companies Act, 2013. Meetings of equity shareholders (31,494) and unsecured creditors (1,167) of Somany Ceramics are scheduled for 13th June 2026 to vote on the scheme. The appointed date is 1st April 2025. This is a routine procedural correction to a first-motion NCLT order and does not change the substance of the amalgamation.
This corrigendum is a minor administrative correction and carries no direct impact on the stock price. The ongoing amalgamation of wholly-owned subsidiaries is an internal restructuring and, if approved in the second motion, could streamline operations and reduce subsidiary overheads.