Somany Ceramics , a prominent player in the ceramics industry, has made a significant move to strengthen its position in the large format tiles and slabs market. The company has invested Rs 30 crores in its subsidiary, Somany Max Private Limited (SMPL), through a rights issue, acquiring additional equity shares and increasing its stake in the subsidiary.

Investment Details

Somany Ceramics acquired 3 crore additional equity shares of SMPL at a par value of Rs 10 per share, representing an approximately 5.71% additional stake. This strategic investment was made through cash consideration, demonstrating the company's commitment to supporting its subsidiary's growth and operations.

Increased Shareholding

Following this acquisition, Somany Ceramics' shareholding in SMPL has increased significantly:

About Somany Max Private Limited

Somany Max Private Limited, incorporated on February 24, 2022, specializes in the manufacturing of large format tiles and slabs. The company has shown impressive growth in its short operational history:

Investment Objectives

The primary objectives of this investment, as stated by Somany Ceramics, are:

1. To address SMPL's future cash flow requirements for loan repayment obligations
2. To support capital expenditure for the plant

This strategic move is expected to strengthen SMPL's financial position and support its growth trajectory in the competitive tiles and slabs market.

Transaction Details

• The transaction was conducted on an arm's length basis between the related parties.
• The allotment of shares was completed on September 15, 2025.
• No governmental or regulatory approvals were required for this acquisition.

This investment underscores Somany Ceramics' confidence in the potential of large format tiles and slabs, as well as its commitment to expanding its presence in this growing market segment. As SMPL continues to establish itself in the industry, this additional capital injection is likely to play a crucial role in its expansion and operational capabilities.

Note: All financial figures are in Indian Rupees (INR).

Somany Ceramics , a prominent player in the ceramic tiles and allied products segment, has announced its unaudited financial results for the first quarter ended June 30, 2022. The company demonstrated strong performance in both standalone and consolidated operations.

Financial Highlights

Standalone Performance

Somany Ceramics reported a robust standalone revenue from operations of Rs. 2,06,050.00 lakhs for the quarter. The company's standalone net profit stood at Rs. 2,626.00 lakhs, indicating a solid financial performance in its core operations.

Consolidated Results

On a consolidated basis, the company's revenue reached Rs. 2,10,788.00 lakhs, showcasing the strength of its overall business portfolio. The consolidated net profit for the quarter was reported at Rs. 1,936.00 lakhs. These figures include the financial results of 15 subsidiaries, highlighting the company's expanded operational footprint.

Corporate Governance and Compliance

The financial results were meticulously reviewed by the company's statutory auditors, M/s. Singhi & Co., ensuring transparency and adherence to accounting standards. The Board of Directors approved these results on August 10, 2022, demonstrating the company's commitment to timely financial reporting and corporate governance.

Employee Stock Options

During the quarter, Somany Ceramics granted 3,50,102 stock options to its employees under the Employee Stock Options Plan, 2021. This initiative is likely aimed at enhancing employee motivation and retention.

Business Segment

Somany Ceramics primarily operates in the ceramic tiles and allied products segment, positioning itself as a key player in the industry. The company's focus on this segment has contributed to its strong financial performance.

The reported results for Q1 FY2023 reflect Somany Ceramics' resilience and operational efficiency in a competitive market environment.