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Somany Ceramics Ltd
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
02:09 PM, 31st Mar 2025
In continuation to our letter dated 15th January 2025 with respect to disinvestment of the Companys equity stake in Amora Tiles Private Limited (ATPL) Subsidiary Company of the Company we hereby inform that the Company has completed the disinvestment of its entire stake of 51.00% of the total paid-up capital of ATPL for a consideration of INR 92820000/- in accordance with the Termination Agreement. Consequently ATPL ceases to be a subsidiary of the Company.The disclosure requirements in relation to the aforesaid divestment pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulation and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11 2023 and other requisite details forms part of the disclosure filed with the Stock Exchanges on 15th January 2025.
