Somany Ceramics Limited has announced that CRISIL Ratings Limited has reviewed and continued the existing credit ratings for the company's debt instruments and banking facilities. The rating confirmation, dated March 31st, 2026, was disclosed to stock exchanges on April 1st, 2026, in compliance with SEBI regulations.

Credit Rating Details

CRISIL has maintained strong ratings for Somany Ceramics' banking facilities, reflecting the company's solid financial position and creditworthiness.

The AA- rating with stable outlook indicates high safety regarding timely servicing of financial obligations, while the A1+ short-term rating represents the highest degree of safety for short-term debt instruments.

Banking Facility Breakdown

The rated facilities are distributed across multiple leading banks, providing diversified funding sources for the company's operations.

Cash Credit Facilities (Rs 145 Crore)

• Punjab National Bank: Rs 75 crore
• HDFC Bank Limited: Rs 35 crore
• Kotak Mahindra Bank Limited: Rs 20 crore
• ICICI Bank Limited: Rs 15 crore

Letter of Credit Facilities (Rs 70 Crore)

• Punjab National Bank: Rs 35 crore
• HDFC Bank Limited: Rs 15 crore
• Kotak Mahindra Bank Limited: Rs 15 crore
• ICICI Bank Limited: Rs 5 crore

Proposed Fund-Based Limits

• Additional facilities: Rs 210 crore with CRISIL AA-/Stable rating

Regulatory Compliance

The rating disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Anuj Kalia signed the regulatory filing, ensuring transparency with stakeholders.

Rating Validity and Surveillance

The rating letter remains valid until September 30, 2026, with CRISIL maintaining continuous surveillance of all assigned ratings. The rating agency reserves the right to withdraw or revise ratings based on new information or changing circumstances that may impact the company's creditworthiness. Stakeholders can verify current ratings on CRISIL's website to ensure continued validity and surveillance status.

Three promoters of Somany Ceramics Limited have acquired additional equity shares through coordinated open market purchases, according to regulatory filings submitted under SEBI takeover regulations. The transactions involved Shrivatsa Somany, Shreekant Somany, and Abhishek Somany, who collectively increased their holdings in the ceramics manufacturing company.

Share Acquisition Details

The three promoters executed their share purchases on March 27, 2026, with regulatory disclosures filed on March 30, 2026. All acquisitions were conducted through open market purchases in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Individual Shareholding Changes

Shrivatsa Somany acquired the largest number of shares among the three promoters, purchasing 9,500 equity shares. His total shareholding increased from 1,33,162 shares to 1,42,662 shares, representing a change from 0.33% to 0.35% of the company's total share capital.

Shreekant Somany purchased 7,000 shares, increasing his holding from 1,34,625 shares to 1,41,625 shares, also moving from 0.33% to 0.35% ownership. Abhishek Somany acquired 9,000 shares, with his total holding rising from 36,442 shares to 45,442 shares, increasing his stake from 0.09% to 0.11%.

Company Capital Structure

Somany Ceramics Limited's equity share capital structure remained unchanged following these transactions. The company maintains its total equity share capital of INR 8,20,25,612, divided into 4,10,12,806 equity shares with a face value of INR 2 each.

Regulatory Compliance

All three promoters submitted their disclosures in compliance with SEBI regulations governing substantial acquisition of shares. The filings were made to both BSE Limited and National Stock Exchange of India Limited, where Somany Ceramics Limited shares are listed. The documentation confirms that no encumbrances, voting rights other than shares, or convertible securities were involved in these transactions. Each promoter filed their disclosure from the same address at 32, Friends Colony (East), New Delhi.