Cera Sanitaryware Limited
Cera Sanitaryware Ltd is engaged in the business of manufacturing, selling and trading of various kinds of building products. It also has non-conventional wind & solar power for captive use in the state of Gujarat.
What Cera files
- Others60
- Investor Meet32
- Important21
- Board Meeting9
- PPTs5
- Credit Ratings4
Cera Sanitaryware received a demand order for Rs 0.45 Cr (tax & penalty) for FY19-20 from authorities for alleged short tax payments. The company believes the demand is not maintainable, plans to appeal, and anticipates no material financial impact.
Cera Sanitaryware faces tax demand orders totaling ₹0.63 Cr for alleged short payment of taxes. The company deems the demand unsustainable, reports no material financial impact, and intends to file an appeal.
Cera Sanitaryware is divesting its entire stake in subsidiary Race Polymer Arts LLP. Terms are substantially agreed with JV partner Shreeyam Ceramic LLP. Necessary documents, including the Retirement Deed, are expected to be executed by month-end.
Cera Sanitaryware's Board approved divesting its full stake in Race Polymer Arts LLP for Rs 15-17 Cr. This subsidiary contributed 2.27% to consolidated turnover and 1.98% to net worth. The Board also in-principle approved divesting Packcart Packaging LLP, with liquidation if no buyer is found.