Kajaria Ceramics Acquires Remaining Stake in Kajaria Surfaces, Making it a Wholly-Owned Subsidiary
Kajaria Ceramics Limited announced on March 25, 2026, that it has acquired an additional 950,000 equity shares of Kajaria Surfaces Private Limited. This acquisition represents 10% of the company’s equity, making Kajaria Surfaces a wholly-owned subsidiary of Kajaria Ceramics.Kajaria Surfaces Private Limited, incorporated in December 2023, manufactures tiles. The company reported a turnover of Rs. 109.97 crores and a profit after tax of Rs. 1.09 crores as of March 31, 2025.
The acquisition was completed on March 24, 2026, for a cash consideration of Rs. 1.16 crores. The transaction, which involved acquiring shares from other shareholders, has been categorized as a related-party transaction and was conducted at arm's length, following approval from the Audit Committee.
Financial Details of Kajaria Surfaces Private Limited (as of March 31, 2025)
| Particulars | Details |
|---|---|
| Turnover | Rs. 109.97 crores |
| Profit After Tax | Rs. 1.09 crores |
Kajaria Ceramics’ shareholding in Kajaria Surfaces has increased from 90% to 100% with this acquisition.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.