Investment15 Sept 2025, 08:12 pm
Somany Ceramics Invests Rs. 30 Crores in Subsidiary Somany Max Private Limited
AI Summary
Somany Ceramics Ltd. has invested Rs. 30,00,00,000 in its subsidiary, Somany Max Private Limited (SMPL), towards the acquisition of equity shares by way of rights issue. This investment has increased the company's shareholding in SMPL to approximately 85.71%. SMPL, incorporated in February 2022, is a manufacturing company that produces large format tiles and slabs. The company's turnover for the financial years 2022-23, 2023-24, and 2024-25 was NIL, Rs. 1560.24 lakhs, and Rs. 11,004.53 lakhs respectively.
Key Highlights
- Somany Ceramics invests Rs. 30 crores in its subsidiary, Somany Max Private Limited.
- The investment increases the company's shareholding in SMPL to approximately 85.71%.
- SMPL is a manufacturing company that produces large format tiles and slabs.
- SMPL's turnover for the financial years 2022-23, 2023-24, and 2024-25 was NIL, Rs. 1560.24 lakhs, and Rs. 11,004.53 lakhs respectively.