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.

Somany Ceramics Limited has released the transcript of its earnings conference call for the fourth quarter and financial year ended March 31, 2026. The call, held on May 15, 2026, detailed the company's financial performance, operational highlights, and outlook for the industry amidst geopolitical challenges.

Financial Performance

The company reported a sales growth of 6% in Q4 FY26 and 5% for the entire financial year. EBITDA margins improved significantly, reaching 11.4% for the quarter and 9.3% for the full year. The Sanitaryware segment performed well, growing by 8% annually to reach INR 320 crores, up from INR 296 crores in the previous year.

Operational Highlights

Capacity utilization remained largely flat at approximately 79% for the year, though it improved to 82% in Q4. The Somany Max plant achieved a breakeven during the quarter, a significant improvement from a loss of INR 9 crores in the corresponding quarter of the previous year. The company also strengthened its distribution network by adding 200 net new dealers, taking the total dealer showrooms to about 3,100.

Working capital days improved, decreasing by 4 to 9 days, while debtor collection days reduced to 40 days from 51 days. The company's brand spend was maintained at 2% of sales for the year.

Industry Outlook and Guidance

Management noted that domestic demand saw a gradual improvement in January and February, though March was an aberration due to geopolitical factors. Gas prices increased significantly in March, impacting the industry. The company stated that organized players are gaining from the disruption as capacity in Morbi has shut down, leading to market consolidation.

For the upcoming year, the company provided guidance to improve EBITDA margins by at least 1.5% or more, assuming no further geopolitical shocks. The company is targeting double-digit growth in the sanitaryware and adhesive businesses, while tile volume growth is expected to be in decent single digits. Price hikes of approximately 16% to 17% have been implemented in tiles to offset input cost inflation.

The disclosure was signed by Anuj Kalia, Company Secretary & Compliance Officer, on May 20, 2026.