BSECompany Update1d ago · 30 Oct 2026, 04:09 pm
We wish to inform you that the Company has subscribed 10,167 equity shares of Sunsure Solarpark Fourty Three Private Limited on October 30, 2026, pursuant to the Shareholders'' Agreement. Consequently, the Company now holds 19.77% of equity shares of Sunsure Solarpark Fourty Three Private Limited
Kajaria Ceramics Ltd · 500233
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Kajaria Ceramics Ltd has acquired 10,167 equity shares of Sunsure Solarpark Fourty Three Private Limited, increasing its stake to 19.77%. The acquisition aims to reduce power costs and shift towards solar and wind power.
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Growth Catalyst6/10
Governance Concern1/10
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Market Sentiment5/10
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Full Announcement
Kajaria Ceramics Ltd - 500233 - Announcement under Regulation 30 (LODR)-Acquisition
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October 30, 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 (‘Listing Regulations’)
This is in continuation of our letter(s) dated July 31, 2026 and September 2, 2026 with respect
to the investment upto Rs. 12.15 Crores (in tranches) in the equity shares of Sunsure Solarpark
Fourty Three Private Limited and subsequent execution of the Shareholders’ Agreement on
September 2, 2026 among the Company, Sunsure Solarpark Fourty Three Private Limited and
Sunsure Energy Private Limited (‘Shareholders’ Agreement’) towards generation/supply of solar
& wind power to the Company’s plants at Gailpur and Malootana (Rajasthan).
We wish to inform you that the Company has subscribed 10,167 equity shares of Sunsure
Solarpark Fourty Three Private Limited on October 30, 2026, pursuant to the Shareholders’
Agreement. Consequently, the Company now holds 19.77% of equity shares of Sunsure
Solarpark Fourty Three Private Limited.
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 acquisition of Equity Shares of Sunsure Solarpark Fourty Three Private Limited
Sr. No. Particulars Details
1. Name of the target entity, details in brief Sunsure Solarpark Fourty Three Private Limited
such as size, turnover etc. having its Registered Office at 1101A-1107, 11TH
Floor, Park Centra, Sector 30, Sector 17, Gurgaon
Haryana (‘Sunsure’).
Sunsure is engaged into the business of generation
of renewable energy and it has not yet commenced
its commercial production.
2. Whether the acquisition would fall within The subscription of 10,167 Equity Shares of Rs. 10/-
related party transaction(s) and whether each of Sunsure does not fall within related party
the promoter/ promoter group/ group transaction and and the promoter/promoter
companies have any interest in the group/group companies have no interest therein.
entity being acquired? If yes, nature of
interest and details thereof and whether
the same is done at “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 equity shares
of Sunsure, pursuant to the Shareholders’
Agreement dated September 2, 2026, among the
Company, Sunsure Solarpark Fourty Three Private
Limited and Sunsure Energy Private Limited
(‘Shareholders’ Agreement’).
4. Objects and impact of acquisition To reduce the power cost of Gailpur and Malootana
(including but not limited to, disclosure of (Rajasthan) plants, by way of shifting towards the
reasons for acquisition of target entity, if solar and wind power, which are cost effective and
its business is outside the main line of environment friendly.
business of the listed entity)
Accordingly, pursuant to the provisions of Electricity
Act and the Shareholders’ Agreement, the
Company, being the captive user, has acquired first
tranche of equity shares of Sunsure (i.e. 10,167
Equity Shares of Rs.10 each).
5. Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition
6. Indicative time period for completion of Not Applicable
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. 1,21,49,565/-
which the shares are acquired
9. Percentage of shareholding/control After the above said of subscription of the equity
acquired and/or number of shares shares, the Company holds 19.77% equity shares of
acquired Sunsure.
10. Brief background about the entity • Products/line of business:
acquired in terms of products/line of Generation and supply of solar and wind power
business acquired, date of
incorporation, history of last 3 years • Date of incorporation:
turnover, country in which the acquired January 7, 2025
entity has presence and any other
significant information (in brief) • Turnover of last three years:
Sunsure has not yet commenced its commercial
production.
• Country in which Sunsure has presence:
India