NCLT Kolkata issued first motion order for amalgamation of three wholly-owned subsidiaries into Somany Ceramics Limited.
Meetings of equity shareholders and unsecured creditors of transferee company scheduled for 13th June 2026 via video conference.
Meetings for transferor companies' shareholders and creditors dispensed with as subsidiaries are wholly-owned.
Scheme appointed date is 1st April 2025 with no share issuance as transferor shares will be cancelled.