Somany Ceramics Extends Timeline for Acer Granito Disinvestment by 9 Months

Somany Ceramics Limited has announced a timeline extension for the disinvestment of its entire equity stake in associate company Acer Granito Private Limited (AGPL). The company informed stock exchanges on 2nd May 2026 about the revised completion schedule following discussions with the purchasers.

Transaction Timeline Extension

The original Share Purchase Agreement executed on 4th February 2025 stipulated that the disinvestment transaction would be completed within 15 months from the agreement date. However, the company has now agreed to extend this timeline by an additional 9 months from 4th May 2026.

Parameter Details Original Agreement Date 4th February 2025 Initial Completion Timeline 15 months from execution Extension Period 9 months from 4th May 2026 Transaction Type Sale of entire equity stake in AGPL

Revised Payment Terms

The timeline extension follows a communication from the promoter/purchasers of AGPL proposing modifications to the payment structure. The purchasers requested a revised payment schedule for the balance consideration along with applicable interest, necessitating an extension of the completion timeline.

Somany Ceramics has agreed to the revised payment plan, subject to compliance with the new payment schedule and terms as mutually agreed between the parties. The company expects the disinvestment to be completed within the extended timeline.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update continues the company's earlier intimation dated 15th January 2025, when the Board of Directors initially approved the sale of the entire equity stake in AGPL.

The disclosure requirements related to this divestment under Regulation 30 read with Schedule III of the SEBI Listing Regulations were previously filed with stock exchanges on 15th January 2025. The company has also made this information available on its official website at www.somanyceramics.com .

Somany Ceramics Limited has announced the opening of a special window for re-lodgement of transfer requests of physical shares, providing shareholders with an opportunity to rectify previously rejected transfer applications.

Regulatory Compliance and Publication

The company has fulfilled its regulatory obligations by publishing the notice in leading newspapers on 14th April, 2026. The announcement was made pursuant to SEBI circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30th January, 2026 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Publication Details: Information English Edition: Financial Express Bengali Edition: Ek din Publication Date: 14th April, 2026 Company Website: www.somanyceramics.com

Special Window Timeline and Process

The special window will operate for a full year, providing ample time for shareholders to complete their transfer processes. This initiative specifically targets transfer requests that faced issues in the past due to various document or process deficiencies.

Window Parameters: Details Opening Date: February 05, 2026 Closing Date: February 04, 2027 Duration: One year Eligible Requests: Rejected/returned transfers prior to April 01, 2019

Transfer Process and Requirements

Shareholders seeking to utilize this facility must ensure all documentation is complete and errors are rectified before submission. The transfer requests must be submitted to the company's designated Registrar and Share Transfer Agent.

RTA Details: Information Agent Name: Maheshwari Datamatics Pvt. Ltd. Address: 23, R N Mukherjee Road, 5th Floor, Kolkata-700001 Phone: 033 2248-2248/ 2243-5029 Email: contact@mdpcorporate.com

Share Issuance and Lock-in Provisions

Once the transfer process is completed successfully, shares will be issued exclusively in dematerialized format. The company has implemented specific lock-in provisions to ensure compliance with regulatory requirements.

Transferred shares will be issued only in demat mode and will remain under lock-in for a period of one year from the date of registration of transfer. This lock-in period will apply once all documents are found to be in order by the Registrar and Share Transfer Agent.

The notice was signed by Anuj Kalia, Company Secretary & Compliance Officer (Membership No.: A31850), and dated 13th April, 2026 from Noida. This initiative demonstrates the company's commitment to facilitating shareholder services while maintaining regulatory compliance.

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