Somany Ceramics Limited has informed the Exchange about meeting of the unsecured creditors of the Company scheduled to be held on Saturday, 13th June, 2026 pursuant to Order dated 9th April, 2026 of the Honble National Company Law Tribunal, Kolkata Bench (NCLT), in the matter of Scheme of Amalgamation of Somany Bathware Limited, Somany Excel Vitrified Private Limited and SR Continental Limited (hereinafter collectively referred to as the Transferor Companies) with and into Somany Ceramics Limited (Company/ Transferee Company) and their respective shareholders and creditors.
SOMANYCERA · price
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Somany Ceramics Limited is convening a meeting of its unsecured creditors on June 13, 2026 to approve a Scheme of Amalgamation. Three wholly-owned subsidiaries - Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited - will merge into Somany Ceramics. The NCLT Kolkata Bench passed the order for this meeting on April 9, 2026. The Board had approved the scheme on November 7, 2025. Since these are wholly-owned subsidiaries merging into the parent company, no new shares will be issued and no valuation report is required under SEBI rules. Unsecured creditors as of December 31, 2025 can vote via remote e-voting from June 10-12, 2026. The scheme will be effective from April 1, 2025 (appointed date) if approved.
Shareholders should note this is a consolidation of wholly-owned subsidiaries into the parent company, simplifying the corporate structure. No dilution of equity is expected as this is a parent-subsidiary merger. The scheme requires approval by 75% in value of unsecured creditors voting, followed by NCLT sanction.