SOMANY CERAMICS LTD. - 531548 - Intimation Of Investment In M/S Somany Max Private Limited
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [SEBI (LODR)], we would like to inform that the Board of Directors in its Meeting held on 2nd February, 2022 approved investment not exceeding Rs. 170 Crores in one or more tranches, in M/s Somany Max Private Limited, by way of combination of subscription/acquisition of equity shares and inter corporate loan, as and when required. Out of the approved investment of upto Rs. 170 Crores in one or more tranches, the Company has now invested Rs. 39,99,00,000/- (Rupees Thirty-Nine Crore Ninety-Nine Lakhs Only) in M/s Somany Max Private Limited towards the subscription of equity shares by way of right issue on 30th August, 2022. In view of the same, the details required under regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD 1412015 dated September 9, 2015 are enclosed as Annexure - A.31-08-2022
