StockWatch
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Ceramics
Merger21 May 2026, 11:43 am

Somany Ceramics Receives Corrigendum Order for Amalgamation Scheme

AI Summary

Somany Ceramics Ltd. has received a corrigendum order dated April 24, 2026, related to the first motion order passed by the National Company Law Tribunal (NCLT), Kolkata Bench, on April 9, 2026. The order pertains to the Scheme of Amalgamation involving Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited with Somany Ceramics Limited. The corrigendum addresses typographical errors in the original order, specifically replacing "Scheme of Arrangement" with "Scheme of Amalgamation" in certain sections. The corrected order was uploaded to the NCLT website on May 20, 2026.

Key Highlights

  • Somany Ceramics received a corrigendum order on May 20, 2026.
  • The order relates to the Scheme of Amalgamation with Somany Bathware, Somany Excel, and SR Continental.
  • The corrigendum corrects typographical errors in the original NCLT order.
  • "Scheme of Arrangement" is replaced with "Scheme of Amalgamation" in specific sections.
  • The corrected order is available on the NCLT website.