Somany Ceramics: Unsecured creditors approve amalgamation scheme

Nclt Resolution ApprovedRegulatory & Legal View source PDF

SOMANYCERA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.5%1-day move

₹517.00

prior close

₹517.55

base price

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AI summary

Somany Ceramics' unsecured creditors approved a Scheme of Amalgamation at an NCLT-convened meeting held on June 13, 2026 via video conferencing. Three wholly-owned subsidiaries - Somany Bathware, Somany Excel Vitrified Private, and SR Continental - will merge into Somany Ceramics, with appointed date of April 1, 2025. Of 1,167 unsecured creditors, 85 voted representing about 125.13 crore rupees in claims, and all 85 voted in favour with zero against. The resolution was passed with the requisite majority. Next step is NCLT Kolkata Bench final sanction.

Likely market impact

Positive: consolidation of three subsidiaries into the listed parent. Scheme still needs NCLT final sanction before becoming effective; no new shares to be issued.