Regency Ceramics - a legacy ceramic manufacturing company listed on BSE/NSE has announced a structured takeover of Segno Ceramics Private Limited located in Bapatla district in Andhra Pradesh. The deal will grant Regency Ceramics complete control of the manufacturing plant, effective from August 22, 2024. “This strategic move addresses our immediate production needs and enhances our market presence. With our strong legacy and goodwill in states like Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Kerala, and Orissa, we are focused on achieving a revenue target of Rs. 100 crores in the next calendar year,” said Satyendra Prasad Narala, Managing Director of Regency Ceramics. Strategically located in Bapatla, the facility provides a high level of connectivity for exports, due to its proximity to Chennai and Krishnapatnam ports.