Kajaria Ceramics Limited has clarified its status under the Securities and Exchange Board of India’s (SEBI) Large Corporate classification framework, confirming that the company does not fall within the prescribed criteria.
In a disclosure submitted to the National Stock Exchange of India and BSE Limited on April 30, 2026, Kajaria Ceramics stated that it is not identified as a ‘Large Corporate’ under SEBI’s Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.
According to the filing, as of March 31, 2026, the company had outstanding long-term borrowing of nil on a standalone basis. During the financial year 2025-26, Kajaria Ceramics maintained credit ratings of ICRA A1+ for short-term debt and ICRA AA (Stable) for long-term debt.
The company’s equity shares are listed on recognised stock exchanges. However, the combination of these financial metrics means that Kajaria Ceramics does not satisfy all the criteria laid out under Paragraph 3.2 of the SEBI Circular for classification as a Large Corporate.
The disclosure was signed by Vinit Kumar, General Counsel and Company Secretary of Kajaria Ceramics Limited.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).