Kajaria Ceramics has completed the acquisition of 9,50,000 equity shares, representing a 10% stake, in Kajaria Surfaces Private Limited, making it a wholly-owned subsidiary. The acquisition was executed for a cash consideration of ₹1.16 crores.
Kajaria Surfaces, incorporated under the Companies Act, 2013, is engaged in the manufacturing of tiles. As of 31 March 2025, the company reported a turnover of ₹109.97 crores and a profit after tax of ₹1.09 crores. This acquisition falls under a related party transaction, as the shares were acquired from other shareholders, including one who is a director of Kajaria Infinity Private Limited, a subsidiary of Kajaria Ceramics.
The acquisition was conducted at arm’s length, with prior approval from the Audit Committee of Kajaria Ceramics. This strategic move aims to consolidate Kajaria Surfaces as a wholly-owned subsidiary, enhancing Kajaria Ceramics’ control over its operations and potentially expanding its market presence in the tile manufacturing sector.
Kajaria Surfaces was incorporated on 11 December 2023 and has shown significant growth in its turnover for the financial year 2024-25 compared to the previous years. The company operates solely in India, focusing on the production of tiles.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).