Kajaria Ceramics Limited has finalized the acquisition of an additional 10% equity stake in Kajaria Surfaces Private Limited, bringing its total ownership to 100%. This transaction, effective March 24, 2026, converts Kajaria Surfaces into a wholly-owned subsidiary. The total consideration for the additional 10% stake was ₹1.16 crores, paid in cash. Kajaria Surfaces focuses on manufacturing tiles.
Finalizing Wholly-Owned Subsidiary Status
Kajaria Ceramics Limited confirms the successful completion of a strategic acquisition aimed at consolidating ownership of Kajaria Surfaces Private Limited. Following the transaction announced on March 25, 2026, the company has acquired an additional 9,50,000 equity shares, representing 10% of the capital of Kajaria Surfaces. This move results in Kajaria Surfaces becoming a wholly-owned subsidiary of Kajaria Ceramics.
Transaction Details and Rationale
The purpose of the acquisition was explicitly stated as achieving complete ownership. The transaction was an arms’ length deal, having already received prior approval from the Audit Committee of the Company. The total cost for acquiring the final 10% shareholding amounted to ₹1.16 crores, which was paid via cash consideration.
Acquired Entity Profile
Kajaria Surfaces Private Limited is a company incorporated under the Companies Act, 2013, and is primarily engaged in the Manufacturing of Tiles. Key financials for the entity as of March 31, 2025, included a Turnover of Rs. 109.97 crores and a Profit After Tax of Rs. 1.09 crores. The company was incorporated on December 11, 2003.
Historical Performance Highlights
The turnover for the entity over the last three completed financial years demonstrates consistent performance:
- F.Y. 2024-25: Rs. 109.97 crores
- F.Y. 2023-24: Nil (Note: This data point is specifically listed as ‘Nil’ in the filing)
- F.Y. 2022-23: Not Applicable (Note: This data point is specifically listed as ‘Not Applicable’ in the filing)
Post-acquisition, the shareholding percentage of Kajaria Ceramics in Kajaria Surfaces has increased from 90% to 100%, cementing its status as a fully controlled entity.
Source: BSE
