Investment13 Aug 2025, 05:53 pm
Somany Ceramics to Invest Upto Rs. 50 Crores in Subsidiary Somany Max Private Limited
AI Summary
Somany Ceramics Ltd. has approved an investment of up to Rs. 50 Crores in its subsidiary, Somany Max Private Limited (SMPL). The investment will be made in one or more tranches from time to time. The Board also approved the re-appointment of Mr. Abhishek Somany as Managing Director and Chief Executive Officer for a term of three years. The company has also released its unaudited standalone and consolidated financial results for the quarter ended 30th June 2025.
Key Highlights
- Somany Ceramics to invest up to Rs. 50 Crores in its subsidiary, Somany Max Private Limited
- Investment to be made in one or more tranches from time to time
- Re-appointment of Mr. Abhishek Somany as Managing Director and Chief Executive Officer for a term of three years