Somany Ceramics Promoter Shrivatsa Somany Increases Stake Through Open Market Purchase

1 min read     Updated on 18 Mar 2026, 03:46 PM
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Reviewed by
Radhika SScanX News Team
Overview

Shrivatsa Somany, a promoter of Somany Ceramics Limited, has increased his stake in the company by acquiring 4,000 equity shares through open market purchase. The transaction, completed on March 16, 2026, raised his shareholding from 1,15,887 shares (0.28%) to 1,19,887 shares (0.29%) of the total voting capital.

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Shrivatsa Somany, a promoter of Somany Ceramics Limited, has disclosed the acquisition of additional equity shares in compliance with SEBI regulations. The transaction represents a modest increase in the promoter's stake in the ceramic tiles manufacturer.

Transaction Details

The acquisition involved the purchase of 4,000 equity shares through open market transactions on March 16, 2026. The disclosure was filed on March 18, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Parameter: Details
Shares Acquired: 4,000
Acquisition Mode: Open Market Purchase
Transaction Date: March 16, 2026
Disclosure Date: March 18, 2026

Shareholding Changes

Prior to this acquisition, Shrivatsa Somany held 1,15,887 equity shares, representing 0.28% of the company's total share capital. Following the purchase, his total shareholding increased to 1,19,887 shares, representing 0.29% of the total voting capital.

Holding Period: Number of Shares Percentage Holding
Before Acquisition: 1,15,887 0.28%
Shares Acquired: 4,000 0.01%
After Acquisition: 1,19,887 0.29%

Company Share Capital Structure

Somany Ceramics Limited's equity share capital remains unchanged at INR 8,20,25,612, divided into 4,10,12,806 equity shares of INR 2 each. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.

Regulatory Compliance

The disclosure confirms that Shrivatsa Somany belongs to the promoter group of Somany Ceramics Limited. The transaction did not involve any encumbrances, voting rights other than shares, or convertible securities. The filing ensures compliance with SEBI's substantial acquisition disclosure requirements for promoter transactions.

Historical Stock Returns for Somany Ceramics

1 Day5 Days1 Month6 Months1 Year5 Years
+1.58%+2.32%-6.00%-20.98%-8.84%-6.70%

Somany Ceramics Faces 80% Gas Supply Restriction at Kassar Plant Due to Middle East Conflict

1 min read     Updated on 12 Mar 2026, 01:35 PM
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Reviewed by
Suketu GScanX News Team
Overview

Somany Ceramics has received updated communication from GAIL (India) Limited restricting gas supply to 80% of the past six months' average consumption at its Kassar plant in Bahadurgarh, Haryana, effective March 12, 2026. The restriction follows Ministry of Petroleum & Natural Gas notification due to Middle East conflict impact on global energy markets, with the company actively evaluating mitigation measures while maintaining normal operations through existing inventory levels.

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Somany Ceramics Limited has received updated communication from GAIL (India) Limited regarding further gas supply restrictions due to the ongoing Middle East conflict's impact on global energy markets. The company's Kassar plant in Bahadurgarh, Haryana will now receive gas supply limited to 80% of the past six months' average consumption, effective March 12, 2026.

Updated Gas Supply Restriction Details

GAIL (India) Limited has communicated revised supply regulations pursuant to the Ministry of Petroleum & Natural Gas notification dated March 9, 2026. The new restrictions are more specific than the earlier general supply limitations.

Parameter: Details
Gas Supplier: GAIL (India) Limited
Affected Plant: Kassar, Bahadurgarh, Haryana
Supply Limit: 80% of past six months' average consumption
Effective Date: March 12, 2026 (06:00 hours)
Cause: Middle East conflict impact on global energy markets
Overdraft Terms: Invoiced as per contractual terms

Production Impact Assessment

The company has disclosed that the restricted gas supply may have a partial impact on production activities at the Kassar plant. However, the impact cannot be quantified at this stage, and considering existing inventory levels, supplies are continuing in the normal course of business.

Impact Assessment: Status
Current Production: Continuing normally
Inventory Levels: Adequate to maintain supplies
Material Impact: Not likely at present
Monitoring: Ongoing situation assessment

Company's Response and Mitigation Measures

Somany Ceramics is actively evaluating the situation and taking necessary measures to minimize the impact of the gas supply restrictions. The company maintains that current inventory levels are sufficient to continue operations in the normal course of business.

The company's approach includes:

  • Active evaluation of the supply restriction impact
  • Implementation of necessary mitigation measures
  • Continuous monitoring of the evolving situation
  • Maintaining adequate inventory levels for operational continuity

Regulatory Compliance and Disclosure

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Schedule III requirements and SEBI Master Circular guidelines. The company has committed to informing stock exchanges of any material developments as the situation evolves.

Company Secretary & Compliance Officer Anuj Kalia signed the disclosure, ensuring compliance with regulatory requirements and maintaining transparency with stakeholders regarding developments affecting operations.

Historical Stock Returns for Somany Ceramics

1 Day5 Days1 Month6 Months1 Year5 Years
+1.58%+2.32%-6.00%-20.98%-8.84%-6.70%

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1 Year Returns:-8.84%