Somany Ceramics Acquires Preference Shares in Subsidiary SSCPL in Rights Issue
Somany Ceramics Ltd has invested Rs 1,80,00,000/- into its subsidiary, M/s Sudha Somany Ceramics Private Limited (SSCPL). The investment was made through a rights issue on June 10, 2026.The acquisition involved the purchase of 18,00,000 11% Cumulative Redeemable Preference Shares of Rs 10/- each in SSCPL. By this transaction, Somany Ceramics maintained its shareholding in SSCPL at 60%. The entire investment was made via cash consideration.
M/s Sudha Somany Ceramics Private Limited (SSCPL) is a company established on December 2, 2015. It operates within the Tile, Sanitaryware, Faucets and other allied products industry. The acquisition of shares from SSCPL is intended to be utilized by the subsidiary to carry on its business and provide financial assistance in an efficient manner to achieve growth plans and repay existing loans.
The details regarding the target entity and transaction specifics are as follows:
| Particulars | Details |
|---|---|
| Target Entity Name | M/s Sudha Somany Ceramics Private Limited (SSCPL) |
| Incorporation Date | December 2, 2015 |
| Business Industry | Tile, Sanitaryware, Faucets and other allied products. |
| Consideration Type | Cash Consideration |
| Cost of Acquisition | Rs 1,80,00,000/- |
| Shares Acquired | 18,00,000 11% Cumulative Redeemable Preference Shares of Rs 10/- each |
| Current Shareholding in SSCPL | 60% |
The turnover figures for SSCPL over the last three financial years are detailed below:
| Financial Year | Turnover (Rs. In Lakhs) |
|---|---|
| Financial year 2025-26 | 24,306.87 |
| Financial year 2024-25 | 23,034.07 |
| Financial year 2023-24 | 21,890.40 |
SOMANYCERA Stock Price Movement
Somany Ceramics Limited closed today edging higher, settling at ₹501.05 after seeing a 0.54% gain on their stock. The equity traded within an intraday range of ₹497.25 to ₹519.9, with 64,118 shares recorded in the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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