Somany Ceramics declares ₹6 interim dividend, plans subsidiary stake buy

Somany Ceramics (NSE: SOMANYCERA) declared an interim dividend of ₹6 per share for FY 2026-27 and approved buying up to 25% more of its subsidiary Somany Sanitary Ware Private Limited, which would lift its holding from 51% to up to 76%, it said in a filing on 04 Nov 2026. The same board meeting approved results for the quarter and half year ended 30 Sep 2026.

Key highlights

• Interim dividend: ₹6 per share, 300% of ₹2 face value
• Record date: 13 Nov 2026
• Stake purchase: up to 24,75,000 shares, up to 25% of paid-up capital
• Holding in subsidiary: 51% now, up to 76% after purchase
• Standalone total income, quarter ended 30 Sep 2026: ₹792.67 crore

The board decisions in numbers

Interim dividend of ₹6 per share for FY 2026-27

The board declared an interim dividend at 300% of face value, which is ₹6 per share on ₹2 shares, for the financial year 2026-27. The dividend goes to shareholders on the Register of Members and depositories as of 13 Nov 2026, the record date the company intimated to stock exchanges by letter dated 28 Oct 2026. Payment is due within 30 days of the declaration.

Holding in Somany Sanitary Ware rises from 51% to up to 76%

The board approved buying up to 24,75,000 equity shares, or up to 25% of paid-up capital, from existing shareholders of Somany Sanitary Ware Private Limited, a subsidiary, in one or more tranches. The subsidiary was incorporated on 28 Apr 2012 and makes sanitaryware and allied products, and its turnover for FY 2025-26 was ₹49.82 crore.

Cash price, timing and approvals for the stake purchase

The purchase is for cash, and the price will be informed at the time of acquisition. The indicative completion period is within 120 days of the board meeting.

What the board decisions mean for Somany Ceramics shareholders

Shareholders on the record date of 13 Nov 2026 will receive the ₹6 per share interim dividend, and the company's holding in the subsidiary would rise from 51% to up to 76% once the purchase completes. The board also approved unaudited results for the quarter and half year ended 30 Sep 2026.

The filing does not say what the company will pay for the subsidiary shares, how the purchase will be funded, what effect it will have on results, or whether the sellers are related parties, which it says will be identified at the time of the transaction. The next dated step is the record date of 13 Nov 2026.