StockWatch
·
Ceramics
Dividend4 Nov 2026, 05:47 pm

Somany Ceramics Declares Interim Dividend, Approves Subsidiary Stake Increase

AI Summary

Somany Ceramics Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved an interim dividend of 300% (₹6 per share) for FY 2026-27, with a record date of November 13, 2026. Additionally, the company resolved to increase its shareholding in its subsidiary, Somany Sanitary Ware Private Limited (SSWPL), from 51% to up to 76% by acquiring up to 24,75,000 equity shares. The financial results were reviewed by statutory auditors Singhi & Co.

Key Highlights

  • Unaudited Q2 and H1 FY27 results declared.
  • Interim dividend of 300% (₹6/share) approved.
  • Company to increase stake in subsidiary SSWPL to up to 76%.
  • Record date for dividend set for November 13, 2026.