Kajaria Ceramics’ Joint Venture Incorporates Wholly-Owned Subsidiary in Nepal
Kajaria Ceramics Limited announced on April 2, 2026, that its Nepal-based joint venture, Kajaria Ramesh Tiles Limited (KRTL), has incorporated a wholly-owned subsidiary company, K.R. Industries Private Limited (KIPL), in Nepal.K.R. Industries Private Limited was incorporated under the Companies Act, 2006 of Nepal. The authorized capital of KIPL is INR 125,00,000, with a paid-up capital of INR 125,00,000. As a newly incorporated entity, KIPL’s turnover is currently nil.
According to the details released, the incorporation of KIPL aims to continue and support the business of KRTL. Kajaria Ceramics holds a 50% equity stake in KRTL, and KIPL operates as a wholly-owned subsidiary of KRTL. Consequently, Kajaria Ceramics’ indirect shareholding in KIPL is 50%.
The cost of acquisition, reflecting Kajaria Ceramics’ existing stake in KRTL, totals INR 62,50,000. No governmental or regulatory approvals were required for the incorporation of KIPL.
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