01:55 PM, 15th Jan 2025
Pursuant to Regulation 30 of Listing Regulations we hereby inform that the Board of Directors of Somany Ceramics Limited (Company) in its meeting held on 15th January 2025 has decided to sell the Companys equity stake in Amora Tiles Private Limited (ATPL) Subsidiary Company of the Company. The Company is holding 51.00% of the total paid-up capital of ATPL and it has decided to sell its entire stake/investment in the equity shares of ATPL (Proposed Transaction).Consequently ATPL will cease to be the Companys Subsidiary Company after the disinvestment.