Kajaria Ceramics announces Rs 296.70 crore buyback at Rs 1380 per share

Arunika Jain — Thu, 30 Apr 2026 09:37:09 +0000

Kajaria Ceramics has announced a buyback of its fully paid-up equity shares, with the Board of Directors approving the move during a meeting held on April 30, 2026. The buyback will involve up to 21.50 lakh equity shares, representing 1.35% of the company’s total paid-up capital as of March 31, 2026. The buyback price is set at ₹1380 per share, with the total consideration not exceeding ₹296.70 crore.

The buyback is to be conducted through the ‘Tender offer’ route, using mechanisms for acquisition of shares through stock exchange as prescribed under the SEBI (Buy-Back of Securities) Regulations, 2018. This buyback represents 10.27% and 9.87% of the aggregate of the company’s paid-up capital and free reserves as per the audited standalone and consolidated financial statements for the year ended March 31, 2026, respectively.

The buyback offer price represents a premium of 15.57% and 15.73% over the closing price of the equity shares on NSE and BSE, respectively, as of April 21, 2026. The buyback is subject to shareholder approval via a special resolution through postal ballot and other statutory approvals in accordance with applicable law.

In addition to the buyback, the board approved several other measures, including the audited financial results for the quarter and year ended March 31, 2026, a final dividend of ₹6 per equity share, and the appointment of M/s Ernst & Young LLP as internal auditors for the financial year 2026-27. The company also plans to expand its manufacturing facility at Srikalahasti, Andhra Pradesh, by increasing its annual production capacity by 10 MSM.

Kajaria Ceramics will also subscribe to 4.5 crore non-convertible redeemable preference shares of Kerovit Global Private Limited for ₹45 crore and acquire 44,11,764 compulsorily convertible preference shares of Kajaria Bathware Private Limited for ₹50 crore.

The board has constituted a ‘Buyback Committee’ to oversee the process and appointed Mr. Vinit Kumar as the Compliance Officer. Nuvama Wealth Management Limited has been appointed as the manager to the buyback. The promoters and members of the promoter group have expressed their intention not to participate in the buyback.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Kerovit Global | Business Upturn

Kajaria Ceramics announces Rs 296.70 crore buyback at Rs 1380 per share