Kajaria Ceramics Limited has successfully passed a special resolution to buy back up to 21,50,000 equity shares at a price of ₹1,380 per share. The postal ballot results, declared on June 23, 2026, show overwhelming support with 97.82% of valid votes in favour. The buyback will be conducted through the “Tender Offer” route.
Kajaria Ceramics Approves Equity Share Buyback
Kajaria Ceramics Limited announced the successful passing of a special resolution pertaining to its proposed buyback of equity shares. The resolution was voted upon via a postal ballot, with the results officially declared on June 23, 2026. The outcome of this vote indicates strong shareholder confidence in the company’s strategic decision.
Key Resolution Details
The special resolution focused on the company’s intention to buy back up to 21,50,000 equity shares. These shares will be repurchased at a fixed price of ₹1,380 per equity share. The buyback is planned to be executed on a proportionate basis through the “Tender Offer” route, adhering to the provisions of the Companies Act, 2013, and the SEBI (Buy-Back of Securities) Regulations, 2018.
Voting Results Breakdown
The voting process, which included e-voting by the company’s members, saw an overwhelming majority in favour of the resolution. Out of the total valid votes cast, 97.82% were in favour of the buyback, while only 2.18% were against it. The total number of valid votes cast was 127,831,222.
- Total Votes: 127,831,222
- Votes in Favour: 125,049,377 (97.82%)
- Votes Against: 2,781,845 (2.18%)
- Invalid Votes: 0
The buyback aims to enhance shareholder value and optimize the company’s capital structure. The decision reflects Kajaria Ceramics’ commitment to efficient capital allocation and returning value to its shareholders.
Scrutinizer’s Report and Disclosures
The Scrutinizer’s Report, dated June 23, 2026, confirmed that the postal ballot process was conducted fairly and transparently. The report detailed the electronic voting process, the record date for voting eligibility (May 18, 2026), and the e-voting period which concluded on June 22, 2026. The company has also provided necessary disclosures as required by regulatory norms, including those stipulated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shareholding Pattern
As of the pre-buyback shareholding pattern on June 19, 2026, the Promoters and Promoter Group held 47.69% of the equity share capital. Foreign Investors accounted for 12.23%, Financial Institutions/Banks & Mutual Funds held 26.02%, and ‘Others’ (including Public and Bodies Corporate) held the remaining 14.06%. The total number of equity shares was 159,272,290.
Source: BSE
