Somany Ceramics Limited has issued a corrigendum to the notice of its unsecured creditors meeting scheduled for June 13, 2026, to approve a scheme of amalgamation involving three subsidiaries. The correction addresses a typographical error in the National Company Law Tribunal (NCLT) Kolkata Bench order, where the term 'Scheme of Arrangement' was replaced with 'Scheme of Amalgamation'. The meeting seeks shareholder approval for the merger of Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited with Somany Ceramics Limited.

The NCLT issued the corrigendum order on April 24, 2026, which was received by the company on May 20, 2026. This order corrected the pronouncement dated April 9, 2026, in Company Application (CAA) No. 35/KB/2026. The transferor companies are wholly owned subsidiaries of Somany Ceramics Limited, and the appointed date for the amalgamation is April 1, 2025. The scheme proposes that the transferor companies will stand dissolved without winding up upon its effective date.

The NCLT has dispensed with meetings for the equity shareholders and secured and unsecured creditors of the three transferor companies. However, meetings have been convened for the equity shareholders and unsecured creditors of Somany Ceramics Limited. The equity shareholders meeting will be held on June 13, 2026, at 11:30 AM, followed by the unsecured creditors meeting at 12:30 PM. Both meetings will be conducted via video conferencing.

Adv. Namrata Basu has been appointed as the Chairperson for the meetings, with a remuneration of ₹1,00,000. Siddhartha Mukhopadhyay has been appointed as the Scrutinizer, receiving ₹80,000 for the role. The cut-off date for determining eligibility to vote for equity shareholders is June 6, 2026, while for unsecured creditors, it is December 31, 2025. Voting will be conducted through e-voting.

The company had previously circulated the notice of the equity shareholders meeting by May 11, 2026. The corrigendum informs shareholders that references to 'Scheme of Arrangement' in the original notice and accompanying documents must be read as 'Scheme of Amalgamation'. The notice was published in Business Standard and Aajkaal on June 2, 2026, and is available on the websites of BSE, NSE, and the company.

Key Meeting Details

Parties to the Scheme

Somany Ceramics Limited has received a corrigendum order from the National Company Law Tribunal (NCLT), Kolkata Bench, regarding the scheme of amalgamation of three transferor companies with the company. The intimation was made to the stock exchanges on May 21, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations.

The corrigendum order, dated April 24, 2026, was received by the company on May 20, 2026. It addresses typographical errors found in the order originally pronounced by the Hon'ble NCLT on April 9, 2026. The correction specifically involves replacing the term "Scheme of Arrangement" with "Scheme of Amalgamation" in the cause title and specific paragraphs of the earlier order.

The scheme involves the amalgamation of Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited into Somany Ceramics Limited. The transferor companies are wholly owned subsidiaries of the transferee company. The appointed date for the amalgamation is April 1, 2025.

Key Details of the Scheme

The NCLT had previously approved the scheme, directing the convening of meetings for the equity shareholders and unsecured creditors of Somany Ceramics Limited. Meetings for the equity shareholders and creditors of the transferor companies were dispensed with as they are wholly owned subsidiaries.

The meetings will be held via video conferencing. The cut-off date for determining eligibility to vote for equity shareholders is June 6, 2026, while for unsecured creditors, it is December 31, 2025. The corrigendum order has been uploaded on the NCLT website and is also available on the company's official website.