NSEGeneral Updates2d ago · 29 Oct 2026, 06:14 pm
General Updates
Kajaria Ceramics Limited · KAJARIACER
✦ AI SummaryFundraise
Kajaria Ceramics Limited has subscribed 4,50,00,000 Non-Convertible Redeemable Preference Shares of Kerovit Global Private Limited, a step-down wholly-owned subsidiary, to improve the debt-equity ratio of KGPL.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Company has subscribed 4,50,00,000 Non-Convertible Redeemable Preference Shares of Kerovit Global Private Limited ( KGPL ), step-down wholly-owned subsidiary on October 29, 2026. Accordingly, KGPL will continue to be the step-down wholly-owned subsidiary of the Company.
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KAJARIACER_29102026180323_Disclosure.pdf
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October 29, 2026
BSE Limited The National Stock Exchange of India Limited
P.J. Towers Exchange Plaza
Dalal Street Bandra Kurla Complex
Mumbai - 400 001 Bandra (E)
Mumbai - 400 051
Dear Sir,
Re.: Disclosure pursuant to the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (the ‘Listing Regulations’)
Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Company
has subscribed 4,50,00,000 Non-Convertible Redeemable Preference Shares of Kerovit Global
Private Limited (‘KGPL’), step-down wholly-owned subsidiary on October 29, 2026. Accordingly,
KGPL will continue to be the step-down wholly-owned subsidiary of the Company.
Details pursuant to Regulation 30 of the Listing Regulations are given in Annexure-A.
Kindly take the above on your record.
Thanking you,
For Kajaria Ceramics Limited
Vinit Kumar
General Counsel & Company Secretary
Encl.: As above
Annexure-A
Details regarding subscription of Non-Convertible Redeemable Preference Shares of Kerovit
Global Private Limited
Sr. No. Particulars Details
1. Name of the target entity, details in Kerovit Global Private Limited, step-down wholly
brief such as size, turnover etc. owned subsidiary (‘KGPL’)
Turnover (As on 31.03.2026): Rs. 36.11 Crores
Loss After Tax (As on 31.03.2026): Rs. 31.65 Crores
KGPL is carrying out the business of manufacturing
of sanitaryware products.
2. Whether the acquisition would fall The subscription of 4,50,00,000 (Four Crores Fifty
within related party transaction(s) and Lacs Only) 0.25% Non-Convertible Redeemable
whether the promoter/ promoter Preference Shares (‘NCRPS’) of KGPL falls within
group/ group companies have any related party transaction as KGPL is a step-down
interest in the entity being acquired? wholly-owned subsidiary of the Company. The said
If yes, nature of interest and details NCRPS would be redeemable on completion of ten
thereof and whether the same is done years.
at “arms length”
The Company has already taken approval of the
Audit Committee of the Company and the same is at
an arms’ length.
3. Industry to which the entity being No entity is acquired through the said transaction,
acquired belongs except subscription of the above said NCRPS of
KGPL by the Company.
4. Objects and impact of acquisition To improve the debt - equity ratio of KGPL.
(including but not limited to,
disclosure of reasons for acquisition
of target entity, if its business is
outside the main line of business of
the listed entity)
5. Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition
6. Indicative time period for completion Not Applicable
of the acquisition
7. Consideration - whether cash Cash consideration
consideration or share swap or any
other form and details of the same
8. Cost of acquisition and/or the price at Rs. 45 Crores
which the shares are acquired
9. Percentage of shareholding/control Kajaria Bathware Private Limited, wholly-owned
acquired and/or number of shares subsidiary of the Company, holds 100% equity
acquired shares of KGPL. Hence, the Company is ultimate
holding company of KGPL.
After the said subscription of the NCRPS, the
Company holds 100% NCRPS of KGPL and KGPL
continues to be the step-down wholly-owned
subsidiary of the Company.
10. Brief background about the entity • Products/line of business:
acquired in terms of products/line of Manufacturing of sanitaryware products
business acquired, date of
incorporation, history of last 3 years • Date of incorporation:
turnover, country in which the January 18, 2022
acquired entity has presence and any
other significant information (in brief) • Turnover of last three years:
2025-26: Rs. 36.11 Crores
2024-25: Rs. 10.84 Crores
2023-24: Rs. 0.04 Crores
• Country in which KGPL has presence:
India