
Merger19 Jun 2026, 11:00 pm
Somany Ceramics Unsecured Creditors Approve Amalgamation Scheme
AI Summary
Somany Ceramics Ltd announced that its unsecured creditors have approved the Scheme of Amalgamation in a meeting convened by the National Company Law Tribunal (NCLT), Kolkata Bench. The resolution was passed with the requisite majority. The meeting was held on June 13, 2026, via video conferencing, pursuant to NCLT orders dated April 09, 2026, and April 24, 2026. The approved scheme is in accordance with Section 230(6) of the Companies Act, 2013. The company has submitted the Scrutinizer's Report and Voting Results as Annexure A and Annexure B, respectively, which are also available on the company's website.
Key Highlights
- Unsecured creditors approved the Scheme of Amalgamation.
- Resolution passed with requisite majority via e-voting.
- Meeting convened by NCLT, Kolkata Bench.
- Approval aligns with Companies Act, 2013 provisions.
Price Impact
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