Key Event Details

  • Meeting Type: NCLT-convened meeting of Unsecured Creditors
  • Meeting Date: Saturday, June 13, 2026 at 12:30 PM (IST)
  • Meeting Mode: Video Conferencing/Other Audio Visual Means
  • Purpose: To consider and approve the Scheme of Amalgamation of Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited with and into Somany Ceramics Limited

Voting Results

Based on the Scrutinizer's Report dated June 19, 2026:

Votes in FAVOUR of Resolution:

  • Number of unsecured creditors who voted: 85
  • Amount of votes cast: ₹1,25,13,14,619 (Rupees One Hundred Twenty-Five Crore Thirteen Lakh Fourteen Thousand Six Hundred Nineteen Only)
  • Percentage of valid votes cast: 100%

Votes AGAINST Resolution:

  • Number of unsecured creditors who voted: 0
  • Amount of votes cast: ₹0
  • Percentage of valid votes cast: 0%

INVALID Votes:

  • Number of unsecured creditors: 3
  • Amount of votes: ₹4,25,97,500 (Rupees Four Crore Twenty-Five Lakh Ninety-Seven Thousand Five Hundred Only)
  • Reason for invalidation: Proper authorization not received

Creditor Base Information

  • Total number of unsecured creditors as of cut-off date (December 31, 2025): 1,167
  • Aggregate value of unsecured debt: ₹3,96,05,95,651 (Rupees Three Hundred Ninety-Six Crore Five Lakh Ninety-Five Thousand Six Hundred Fifty-One Only) inclusive of provisions
  • Number of creditors attending meeting: 57

Scheme Details

The Scheme of Amalgamation involves:

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)

4. Somany Ceramics Limited (Transferee Company)

Appointed Date: April 1, 2025

Resolution Passed

The resolution for approval of the Scheme was passed with requisite majority prescribed under Sections 230-232 of the Companies Act, 2013, representing:

  • 100% in value of votes cast
  • No votes against the resolution

Next Steps

All relevant voting records shall be handed over to the Chairperson of the Meeting (Advocate Namrata Basu) for safe custody and for filing her report before the Hon'ble NCLT.

Additional Information

  • Scrutinizer: Siddhartha Mukhopadhyay appointed by NCLT
  • Chairperson: Advocate Namrata Basu appointed by NCLT