Timeline for proposed up to 49% acquisition in Siravit Ceramics extended by three months

Somany Ceramics' Committee approved extending the indicative timeline for completing acquisition/subscription of up to 49% of Siravit Ceramics by 3 months, to 8 January 2027.

Fri 9 Oct 2026

Investment Limit

Rs. 58.80 crore

Stake to be Acquired

up to 49% of Siravit Ceramics Private Limited (SCPL)

Extended Timeline

extended by 3 (three) months, i.e. up to 8th January, 2027

What the company has disclosed

• The Company Administrative Committee, acting under authority granted by the Board of Directors, met on 9th October, 2026 and approved an extension of the indicative timeline for completing the acquisition/subscription resulting in the Company acquiring up to 49% shareholding in M/s. Siravit Ceramics Private Limited (SCPL).
• The extension is for a further 3 (three) months, i.e. up to 8th January, 2027.
• The earlier disclosure dated 13th July, 2026 had stated the indicative time period for completing the acquisition of 49% of SCPL share capital as within approximately 90 (ninety) days from the date of the 13th July, 2026 Board meeting.

The investment

• The Board had accorded in-principle approval for an investment of up to Rs. 58.80 crore in SCPL, by way of acquisition and/or subscription of equity shares and/or preference shares, in one or more tranches.
• This is an update in continuation of that 13th July, 2026 disclosure.
• Further investment, within the overall limit of Rs. 58.80 crore, may be made in one or more tranches, from time to time, based on the funding requirements and implementation progress of the proposed manufacturing facility.

What has changed and what has not

• Changed: only the indicative timeline, extended to 8th January, 2027.
• Unchanged: the overall investment limit of Rs. 58.80 crore, the up to 49% shareholding being sought, and the other terms of the Proposed Investment as disclosed on 13th July, 2026.

How a reader can look at it

• An indicative timeline is a stated plan for completion, and the update presents this as a revision of that plan; the underlying investment amount and the stake being acquired are the same.
• The tranche-by-tranche nature of the investment means the pace of further investment is linked to the funding requirements and implementation progress of the proposed manufacturing facility.
• For a retail investor, the numbers to track remain the Rs. 58.80 crore overall limit and the up to 49% shareholding in SCPL, with completion now indicated up to 8th January, 2027.

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