The Board of Directors of the Company at their meeting held today i.e. 13th August, 2025, have considered and approved Investment of upto Rs. 50 Crores by way of subscription of equity shares in M/s. Somany Max Private Limited, a Subsidiary of the Company, in one or more tranches from time to time.
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 has approved investing up to Rs. 50 Crore in its subsidiary Somany Max Private Limited (SMPL) by subscribing to equity shares, to be done in one or more tranches. SMPL, incorporated in February 2022, manufactures large format tiles and slabs, and the funds will be used for its loan repayment and plant capex needs. SMPL's turnover has grown sharply from Rs. 15.6 Crore in FY24 to Rs. 110 Crore in FY25, though it is still loss-making at the consolidated level. Separately, the Board re-appointed Mr. Abhishek Somany as Managing Director & CEO for 3 years (June 2026 to May 2029), subject to shareholder approval. Q1 FY26 standalone revenue was largely flat at around Rs. 579 Crore, while standalone net profit fell to Rs. 16.8 Crore from Rs. 26 Crore a year ago, with consolidated subsidiaries dragging down group-level earnings.
The Rs. 50 Crore capital infusion into the loss-making subsidiary signals continued funding support for the large-format tile business, which may pressure short-term returns but supports long-term capacity expansion. The flat topline and weaker Q1 profits, combined with subsidiary losses, suggest near-term earnings headwinds, though continuity in leadership with the promoter-family CEO provides stability.