Somany Ceramics531548Dividend news update
Board approves 300% interim dividend of Rs. 6/- per share, to raise subsidiary stake to up to 76%
Interim dividend of 300%, i.e. Rs. 6/- per share on face value of Rs. 2/- each, for FY 2026-27.
By ScoutQuest · · 2 min read
76%Shareholding acquisition, up to
Shareholding in subsidiary51%
Stake to be acquired in subsidiary25%
- Interim Dividend
- 300%, i.e. Rs. 6/- per share on face value of Rs. 2/- each, for FY 2026-27
- Record Date
- Friday, 13th November 2026
- Subsidiary Stake Purchase
- up to 24,75,000 equity shares, up to 25% of paid-up equity capital of Somany Sanitary Ware Private Limited; stake 51% to up to 76%
Dividend declared
- The board approved an interim dividend of 300%, that is Rs. 6/- per share, on equity shares of face value Rs. 2/- each, for the financial year 2026-27.
- The record date is Friday, 13th November 2026. Shareholders whose names appear in the register of members or with the depositories on that date are covered for the payout.
- The dividend is to be paid within 30 days from the date of declaration.
Higher stake in the subsidiary
- The board also approved acquisition of up to 25% of the paid-up equity share capital of M/s. Somany Sanitary Ware Private Limited (SSWPL), a subsidiary, by way of purchase of up to 24,75,000 equity shares from its existing shareholders.
- The company's shareholding in SSWPL would rise from 51% to up to 76%.
- The purchase may be made in one or more tranches from time to time.
Results for the half year
- The board considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30th September 2026, along with the statement of assets and liabilities and cash flow statement, after review by the audit committee and a limited review report from the statutory auditors.
What a retail shareholder can take away
- A dividend is a direct cash return, and the Rs. 6/- per share figure applies to each share held on the record date.
- Buying more of a subsidiary is a group-level decision: the company is putting money into a business it already controls, moving from a 51% holding to a larger majority of up to 76%.
- The two items are separate in nature, one is a payout to shareholders and the other is an investment by the company in its own subsidiary.
51%Shareholding in subsidiary
Also from Somany Ceramics
Somany Ceramics to buy up to 24,75,000 shares (25%) of subsidiary Somany Sanitary Ware, raising stake from 51% to 76%
4 Nov 2026
Record date for interim dividend fixed at 13-Nov-2026; board also approves stake increase in subsidiary
4 Nov 2026
Board approves 300% interim dividend, stake purchase in subsidiary and Q2 results
4 Nov 2026
More numbers
- Interim dividend rate300%
- Interim dividend per shareRs. 6/-
- Face value per shareRs. 2/-
- Shares to be acquired in subsidiary24,75,000 equity shares
- Stake to be acquired in subsidiary25%
- Existing shareholding in subsidiary51%
- Shareholding after acquisition, up to76%
- Dividend payment window from declaration30 days
Source: BSE · 4 Nov 2026
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