Kajaria Ceramics Limited has subscribed to 4,50,00,000 Non-Convertible Redeemable Preference Shares (NCRPS) of its step-down wholly-owned subsidiary, Kerovit Global Private Limited (KGPL). The total investment amounts to ₹45 crore. This move is intended to improve KGPL’s debt-equity ratio. KGPL, involved in manufacturing sanitaryware products, will continue to be a wholly-owned subsidiary following this transaction.
Kajaria Ceramics Invests in Subsidiary
Kajaria Ceramics Limited has announced a significant investment through the subscription of 4,50,00,000 Non-Convertible Redeemable Preference Shares (NCRPS) in its step-down wholly-owned subsidiary, Kerovit Global Private Limited (KGPL). The total value of this subscription is ₹45 crore. This transaction, effective from October 29, 2026, aims to enhance KGPL’s financial structure by improving its debt-equity ratio.
Subsidiary Operations and Structure
Kerovit Global Private Limited is engaged in the manufacturing of sanitaryware products. Following this preference share subscription, KGPL will maintain its status as a step-down wholly-owned subsidiary of Kajaria Ceramics Limited. The company confirmed that this transaction falls under related party transactions and has received approval from the Audit Committee, operating on an arms’ length basis. The NCRPS are redeemable over a period of ten years.
KGPL Financials and Background
As of March 31, 2026, KGPL reported a turnover of ₹36.11 crore and a loss after tax of ₹31.65 crore. The entity was incorporated on January 18, 2022. Kajaria Bathware Private Limited, another wholly-owned subsidiary of Kajaria Ceramics, holds 100% equity shares of KGPL, making Kajaria Ceramics the ultimate holding company.
Source: BSE
