Somany Ceramics invests ₹30 crore in subsidiary Somany Max

Somany Ceramics Limited announced an investment of ₹30,00,00,000 in its subsidiary, Somany Max Private Limited (SMPL), for the acquisition of equity shares via a rights issue. This investment, made on September 15, 2025, follows an earlier intimation dated August 13, 2025. SMPL, incorporated on February 24, 2022, manufactures large format tiles and slabs, and the investment aims to address its future cash flow requirements for loan repayment and capital expenditure.

This acquisition involved 3,00,00,000 equity shares of ₹10 each, representing an approximate 5.71% increase in shareholding. Consequently, Somany Ceramics' total shareholding in SMPL has risen to approximately 85.71%. The transaction was conducted at arm's length, despite SMPL being a related party.

SMPL's turnover for the financial year 2024-25 was ₹11,004.53 lakhs, a substantial increase from ₹1,560.24 lakhs in 2023-24 and nil in 2022-23. The total authorized and paid-up share capital of SMPL prior to this acquisition was ₹1,60,00,00,000.