Kajaria Ceramics Limited’s Board of Directors has approved substantial expansion projects, including increasing production capacity at its Srikalahasti and Gailpur facilities, and establishing a new tiles adhesive plant in Durgapur. The board also declared an interim dividend of ₹12 per equity share for the financial year 2026-27. These strategic moves signal growth and commitment to shareholder value.
Kajaria Ceramics Board Approves Growth Initiatives and Dividend
The Board of Directors of Kajaria Ceramics Limited convened on October 24, 2026, to consider and approve key strategic decisions that will shape the company’s future growth and shareholder returns. The meeting, which commenced at 5:30 p.m. and concluded at 6:50 p.m., resulted in the approval of unaudited financial results, expansion plans, and an interim dividend declaration.
Financial Results and Interim Dividend
The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026. In a move that rewards shareholders, an interim dividend of ₹12 per equity share of face value ₹1 each was declared for the financial year 2026-27. The ‘Record Date’ for determining dividend entitlement is set for Thursday, October 29, 2026, with payments scheduled on or before November 22, 2026.
Manufacturing Capacity Expansions
Significant expansion plans were also greenlit to bolster the company’s manufacturing capabilities. The Board approved:
- Srikalahasti Facility (Andhra Pradesh): An increase in annual production capacity by 12.50 MSM (Million Square Meters) tiles. This expansion requires an estimated investment of ₹340 Crores and is expected to be completed by June 2027.
- Gailpur Facility (Rajasthan): An increase in annual production capacity by 11 MSM tiles. The investment for this expansion is estimated at ₹180 Crores, with completion anticipated by April 2027.
- New Durgapur Facility (West Bengal): The establishment of a new manufacturing facility for tiles adhesive with a monthly capacity of 9,000 MT. This project, costing an estimated ₹34 Crores, is expected to be operational by December 2027.
These expansions are designed to cater to growing market demands in the southern, northern, and eastern regions of India, respectively.
Auditor’s Review
Walker Chandiok & Co LLP provided their Independent Auditor’s Review Report on the Standalone Unaudited Quarterly Financial Results and Year to Date Results. Based on their review, conducted in accordance with the Standards on Review Engagements, they found no matters that caused them to believe the accompanying statement contained any material misstatement.
Source: BSE
