Investment15 May 2026, 05:22 pm
Somany Ceramics to Invest ₹8 Cr in Vintage Tiles
AI Summary
Somany Ceramics Ltd. has announced an investment of up to ₹8 Crores in M/s. Vintage Tiles Private Limited, an associate company, through subscription/acquisition of equity shares in one or more tranches. This decision was approved during the Board of Directors meeting held on May 15, 2026, where the board also approved the audited financial results for the year ended March 31, 2026, recommended a final dividend of 100% (₹2 per share), and appointed M/s Grant Thornton Bharat LLP as the Internal Auditor for FY 2026-27.
Key Highlights
- Somany Ceramics will invest up to ₹8 Cr in Vintage Tiles Private Limited.
- The investment will be through equity share subscription/acquisition.
- Board approved audited financial results for FY26 and a ₹2/share dividend.
- Grant Thornton Bharat LLP appointed as Internal Auditor for FY27.