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.

Analysis Scores

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