
Dividend4 Nov 2026, 05:44 pm
Somany Ceramics approves 300% interim dividend, acquires stake in subsidiary
AI Summary
Somany Ceramics Limited's Board of Directors, in a meeting held on November 4, 2026, approved the declaration of an interim dividend of 300%, amounting to ₹6 per share, for the Financial Year 2026-27. The record date for this dividend is November 13, 2026. Additionally, the board approved the acquisition of up to 25% of the paid-up equity share capital in its subsidiary, Somany Sanitary Ware Private Limited (SSWPL), by purchasing up to 24,75,000 equity shares. This move aims to increase the company's shareholding in SSWPL from 51% to up to 76%. The board also reviewed and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Interim dividend of 300% (₹6 per share) declared for FY 2026-27.
- Record date for dividend payment set as November 13, 2026.
- Company to increase stake in subsidiary SSWPL to up to 76%.
- Unaudited financial results for Q2 and H1 FY27 approved.
- Acquisition of up to 24.75 lakh shares in SSWPL approved.
Price Impact
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