Announced Mon, 13 Jul · 15:08 IST
Somany Ceramics board approves Rs 75.8 cr in two JVs and subsidiary infusion
SOMANYCERA · price
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Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹519.25
prior close
₹536.75
base price
In-mkt
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AI summary
Board on 13 July 2026 approved: (a) up to Rs 58.8 crore for 49 percent stake in Siravit Ceramics to set up about 9 million sq metres per year of Glazed Vitrified Tile capacity for the southern market, (b) up to Rs 2 crore for 50 percent stake in Nepal based V.S. Industries for a construction chemicals JV, and (c) additional Rs 15 crore in subsidiary Sudha Somany Ceramics (SSCPL) for plant modernization. SSCPL reported turnover of about Rs 243 crore in FY26.
Likely market impact
Total outlay near Rs 75.8 crore for capacity expansion, first overseas JV, and subsidiary upgrade - growth focused but raises near term capex.