NSEGeneral Updates23h ago · 30 Oct 2026, 04:09 pm

General Updates

Kajaria Ceramics Limited · KAJARIACER

✦ AI SummaryJoint Venture

Kajaria Ceramics Limited has subscribed 10,167 equity shares of Sunsure Solarpark Fourty Three Private Limited, acquiring a 19.77% stake, to reduce power costs and shift towards solar and wind power.

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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

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.

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KAJARIACER_30102026155632_Disclosure.pdf

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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