Franklin Templeton Mutual Fund reduced its stake in Somany Ceramics Ltd by disposing of 1,30,500 equity shares through the open market on June 30, 2026. The transaction, disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, resulted in the seller's shareholding dropping to 2.781% from a previous 3.099%. The shares were sold on the National Stock Exchange of India Ltd and BSE Ltd.

The disclosure confirms that the seller does not belong to the promoter or promoter group of the target company. The disposal was executed entirely through the Franklin India Focused Equity Fund scheme. Consequently, the fund's post-sale holding stands at 11,40,536 equity shares. The total equity share capital and voting capital of Somany Ceramics Ltd remained unchanged at 41,012,806 shares before and after the transaction.

Breakdown of Holdings

The following table details the pre-sale and post-sale holdings of the Franklin Templeton Mutual Fund schemes:

Transaction Details

The salient features of the securities sold indicate that the transaction involved equity shares. The mode of sale was specifically the open market. There were no warrants, convertible securities, or other instruments entitling the holder to receive shares carrying voting rights involved in the disposal. The compliance officer for Franklin Templeton Mutual Fund, Saurabh Gangrade, signed the disclosure on July 02, 2026.

Somany Ceramics Limited shareholders have approved the Scheme of Amalgamation to merge Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited with the company. The resolution was passed with the requisite majority at a meeting convened by the National Company Law Tribunal (NCLT), Kolkata Bench, on June 13, 2026. The approval paves the way for the consolidation of these entities into Somany Ceramics, a strategic move aimed at streamlining operations and enhancing corporate structure.

The meeting was held through Video Conferencing (VC) on Saturday, June 13, 2026, at 11:30 A.M. IST, pursuant to the directions of the Hon’ble NCLT, Kolkata Bench. The Tribunal's orders dated April 09, 2026, and a Corrigendum Order dated April 24, 2026, mandated the convening of this meeting. The approval was granted under Section 230(6) of the Companies Act, 2013, following the notice dated April 23, 2026.

The Scrutinizer's Report confirms that the resolution received overwhelming support from equity shareholders. A total of 3,12,04,535 votes were polled, representing 76.08% of the outstanding shares. All valid votes were in favour of the scheme, amounting to 3,12,04,529 shares. Only six votes were cast against the resolution.

Voting Results Breakdown

The voting participation was robust across the shareholder categories. The table below details the voting pattern for the resolution:

Meeting Details

The total number of shareholders on the record date, June 6, 2026, was 31,079. While physical attendance was not applicable, 53 shareholders attended the meeting through Video Conferencing. The results were submitted in compliance with Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.