Key Details
Scheme of Amalgamation Details
The Scheme involves the amalgamation of three wholly-owned subsidiaries:
1. Somany Bathware Limited (Transferor Company No. 1)
2. Somany Excel Vitrified Private Limited (Transferor Company No. 2)
3. SR Continental Limited (Transferor Company No. 3)
with and into Somany Ceramics Limited (Transferee Company).
Appointed Date: 1st April 2025
NCLT Order Correction
The Hon'ble National Company Law Tribunal, Kolkata Bench issued a Corrigendum Order dated 24th April 2026 (received by company on 20th May 2026) that corrected typographical errors in the original Order dated 9th April 2026 passed in Company Application (CAA) No. 35/KB/2026. The words "Scheme of Arrangement" appearing at certain places were replaced with "Scheme of Amalgamation".
Meeting Details
Unsecured Creditors Meeting Date: Saturday, 13th June 2026
Meeting Time: 12:30 PM
Mode: Video Conferencing or other audio-visual mode
Cut-off Date for Unsecured Creditors: Wednesday, 31st December 2025
Voting and Quorum
Voting Mode: e-voting facility in accordance with Companies (Management & Administration) Rules, 2014
Quorum Requirement: 2 unsecured creditors present in person or by proxy in virtual mode
Approval Threshold: Resolution requires majority in number representing three-fourths in value of unsecured creditors casting votes
Key Appointments
Chairperson: Adv. Namrata Basu (Mobile: 9674752129) - Remuneration: ₹1,00,000
Scrutinizer: Siddhartha Mukhopadhyay (Mobile: 9131945851) - Remuneration: ₹80,000
Publication Requirements
The corrigendum was published in:
- Business Standard (Kolkata) English Edition
- Aajkaal (Kolkata) Bengali Edition
Also made available on websites of BSE (www.bseindia.com), NSE (www.nseindia.com), company website (www.somanyceramics.com), and CDSL (www.evotingindia.com).
Financial Impact
Financial impact not quantified in the disclosure. The scheme involves cancellation of entire share capital of transferor companies held by transferee company without issuance of new shares.
Company Structure
Somany Ceramics Limited has:
- 31,494 equity shareholders
- 4 secured creditors
- 1,167 unsecured creditors
The three transferor companies are wholly-owned subsidiaries with 7 equity shareholders each.