Kajaria Ceramics announces Rs 296.70 crore buyback at Rs 1,380 per share

Arunika Jain — Thu, 30 Apr 2026 09:32:57 +0000

Kajaria Ceramics has announced a buyback of its fully paid-up equity shares at a price of ₹1,380 per share, totalling an aggregate amount of ₹296.70 crores. This decision was made during the company’s board meeting held on April 30, 2026.

The buyback will encompass 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 will be executed through the ‘Tender offer’ route, adhering to the SEBI (Buy-Back of Securities) Regulations, 2018, and other related statutory provisions.

The buyback offer price is set at 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. This date was the day before the board meeting notification was sent to the stock exchanges.

The board has also approved several other key decisions, including a final dividend of ₹6 per equity share, the appointment of Ernst & Young LLP as internal auditors for the financial year 2026-27, and the expansion of the Srikalahasti manufacturing facility in Andhra Pradesh.

Kajaria Ceramics will subscribe to 4.5 crore non-convertible redeemable preference shares of Kerovit Global Private Limited, valued at ₹45 crores. Additionally, the company will acquire 44,11,764 compulsorily convertible preference shares of Kajaria Bathware Private Limited for ₹50 crores.

The board has constituted a ‘Buyback Committee’ to oversee the process and appointed Vinit Kumar as the compliance officer. Nuvama Wealth Management Limited will manage the buyback.

The promoter and promoter group of Kajaria Ceramics have expressed their intention not to participate in the buyback. The record date for determining eligible shareholders will be decided by the board or the buyback committee in due course.

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

Nuvama Wealth Management | Business Upturn

Kajaria Ceramics announces Rs 296.70 crore buyback at Rs 1,380 per share