Somany Ceramics Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
SOMANYCERA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Somany Ceramics' board met on May 7, 2025 and approved audited Q4 and FY25 results. Consolidated revenue from operations stood at Rs. 2,57,732 lakhs while consolidated net profit fell to Rs. 9,938 lakhs (from Rs. 14,281 lakhs in FY24). Standalone net profit dropped to Rs. 8,496 lakhs (from Rs. 10,378 lakhs). The board recommended a final dividend of Rs. 3 per share (150%) on a face value of Rs. 2, subject to shareholder approval. Statutory auditor Singhi & Co. issued an unmodified opinion. Mr. Ambrish Julka stepped down as Company Secretary and Compliance Officer (re-designated as Senior General Manager & General Counsel), and Mr. Anuj Kalia was appointed as the new Company Secretary effective May 8, 2025. The Object Clause of the MOA was amended to allow power generation from renewable and non-renewable energy sources. Grant Thornton Bharat LLP was appointed as Internal Auditor for FY26. The 57th AGM is scheduled for September 18, 2025.
Mixed signals for shareholders: the sharp year-on-year drop in net profit (about 30% on a consolidated basis) is a negative, though the unchanged final dividend of Rs. 3 per share provides some income support. The diversification into power/renewable energy via the MOA amendment hints at future capex, and the KMP change appears to be an internal restructuring rather than a cause for concern.