NSEGeneral Updates6 Aug 2026 · 6 Aug 2026, 06:37 pm
General Updates
Kajaria Ceramics Limited · KAJARIACER
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Kajaria Ceramics Limited has acquired 44,11,764 Compulsorily Convertible Preference Shares (CCPS) of its wholly-owned subsidiary, Kajaria Bathware Private Limited, from Aravali Investment Holdings for Rs. 50 Crores.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Pursuant to the provisions of the Listing Regulations and in continuation of our letter dated April 30, 2026 regarding the acquisition of 44,11,764 Compulsorily Convertible Preference Shares ( CCPS ) of Kajaria Bathware Private Limited, a wholly-owned subsidiary ( KBPL ), we wish to inform you that the Company has acquired 44,11,764 CCPS of KBPL on August 6, 2026 from Aravali Investment Holdings. Consequently, the Company now holds entire equity shares and CCPS of KBPL.
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KAJARIACER_06082026183143_Disclosure.pdf
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August 6, 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 and in continuation of our letter dated April
30, 2026 regarding the acquisition of 44,11,764 Compulsorily Convertible Preference Shares
(‘CCPS’) of Kajaria Bathware Private Limited, a wholly-owned subsidiary (‘KBPL’), we wish to
inform you that the Company has acquired 44,11,764 CCPS of KBPL on August 6, 2026 from
Aravali Investment Holdings. Consequently, the Company now holds entire equity shares and
CCPS of KBPL.
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 CCPS of Kajaria Bathware Private Limited
Sr. No. Particulars Details
1. Name of the target entity, details in Kajaria Bathware Private Limited, a wholly- owned
brief such as size, turnover etc. subsidiary (‘KBPL’).
Turnover (As on 31.03.2026)*: Rs. 413.64 Crores
Profit/(Loss) After Tax (As on 31.03.2026)*: Rs.
(28.49) Crores
KBPL is carrying out the business of manufacturing
of bathware products.
2. Whether the acquisition would fall The acquisition of 44,11,764 (Fourty-Four Lacs
within related party transaction(s) and Eleven Thousand Seven Hundred Sixty-Four)
whether the promoter/ promoter 0.01% Compulsorily Convertible Preference Shares
group/ group companies have any (‘CCPS’) of Rs. 10 each of KBPL did not fall within
interest in the entity being acquired? related party transaction.
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 acquisition of above said CCPS of KBPL by
the Company.
4. Objects and impact of acquisition Aravali Investment Holdings, Mauritius (‘Aravali’), a
(including but not limited to, wholly-owned subsidiary of WestBridge Crossover
disclosure of reasons for acquisition Fund, LLC had made investment of Rs. 64.50
of target entity, if its business is Crores in KBPL by way of subscribing 44,11,764
outside the main line of business of CCPS of Rs. 10 each of KBPL, as per the
the listed entity) Shareholders’ Agreement (‘SHA’) executed on June
4, 2018. As per the SHA, the SHA shall be ceased
to have effect as regards to a shareholder/CCPS
holder of KBPL, if such shareholder/CCPS holder
ceases to be the shareholder/CCPS holder of KBPL
and it is required to give an exit option to Aravali by
way of listing of equity shares of KBPL or by
purchasing the said CCPS by the Company.
Accordingly, post-acquisition of the said CCPS by
the Company, Aravali ceased to be the
shareholder/CCPS holder of KBPL and as there
being no other shareholder of KBPL except the
Company, the SHA came to an end as the Company
has acquired the entire CCPS of KBPL on August 6,
2026 from Aravali at a consideration of Rs. 50
Crores.
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. 50 Crores
which the shares are acquired
9. Percentage of shareholding/control The Company holds 100% equity shares of KBPL
acquired and/or number of shares and after the said acquisition, the Company also
acquired holds 100% CCPS of KBPL and accordingly, KBPL
will continue to be a 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 bathware products
business acquired, date of
incorporation, history of last 3 years • Date of incorporation:
turnover, country in which the May 22, 2013
acquired entity has presence and any
other significant information (in brief) • Turnover of last three years*:
2025-26: Rs. 413.64 Crores
2024-25: Rs. 386.20 Crores
2023-24: Rs. 363.47 Crores
• Country in which KBPL has presence:
India
* Consolidated