Somany Ceramics Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting
13-08-2025 | 07:48 pm
13-08-2025 | 07:48 pm
Somany Ceramics' board has approved the consolidated financial results for the quarter ended June 30, 2025. Revenue from operations stood at ₹601.17 Cr, with net profit at ₹7.85 Cr.
The board also approved the re-appointment of Mr. Abhishek Somany as Managing Director & CEO for a 3-year term, commencing June 1, 2026, pending shareholder approval.
Additionally, the company plans to invest up to ₹50 Cr in its subsidiary, Somany Max Private Limited (SMPL), for equity shares. This investment aims to fund SMPL's large-format tiles/slabs manufacturing plant, addressing its loan repayments and capital expenditures.
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