Somany Ceramics Limited has informed the Exchange about Investment of upto Rs. 8 Crores by way of subscription/acquisition of equity shares in M/s. Vintage Tiles Private Limited, an Associate of the Company, in one or more tranches from time to time.
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Somany Ceramics Board approved investment of up to Rs. 8 Crores in Vintage Tiles Private Limited (VTPL), an associate company, through equity subscription in one or more tranches. VTPL manufactures polished vitrified tiles with FY26 turnover of Rs. 11,627 Lakhs. The investment aims to set up a solar power plant and upgrade the existing manufacturing facility. It is a related party transaction done at arm's length basis. The Board also approved audited FY26 standalone net profit of Rs. 9,907 Lakhs (up 15.6% YoY) and consolidated net profit of Rs. 7,407 Lakhs. A final dividend of Rs. 2/- per share (100%) has been recommended subject to shareholder approval at the ensuing AGM. Grant Thornton Bharat LLP was appointed as the new internal auditor for FY27.
The Rs. 8 Crore investment in the associate VTPL is relatively small and structured for capex upgrades (solar plant and manufacturing), which could improve operational efficiency. The strong FY26 profit growth and dividend are positive signals for shareholders. The transaction being at arm's length and disclosed as related party is standard practice.