As filed · Amalgamation/Merger
Amalgamation/Merger. Bench (“NCLT”) regarding Scheme of Amalgamation of Somany Bathware Limited, Somany. meeting of Board of Directors of Somany Ceramics Limited approving the Scheme of Amalgamation.
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
Prior statements by this company that CapitSignal has recorded changing.
Gross margin increased by 3.2% in Q1 quarter-on-quarter and it declined 1.8% Y-o-Y, largely I would think it is flat.
On a standalone we did reasonably okay although the standalone capacity utilization was also low at 72% whereas the console capacity utilization reduced from 81% to 77%.
So, from H2 onwards, most of my wall tile plants, other than what I need for wall tiles will become fungible to produce even floor tiles.
That is same as last year. Nothing has changed.
the second quarter should be very good from that point of view for sanitaryware.
I think once we are coming with these investments and that will start probably towards the Q4, then next year onwards, this would be giving a right number.
