Kajaria Ceramics Limited has announced a buyback of up to 21,50,000 fully paid-up equity shares of face value Re. 1 each at Rs 1,380 per share, for an aggregate amount not exceeding Rs 296.70 crore excluding transaction costs and applicable taxes. The buyback will be executed through the tender offer process on a proportionate basis. The buyback offer price may be increased with a corresponding reduction in the number of shares, keeping the total outlay unchanged.
Shareholders approved the buyback through a special resolution passed via postal ballot on June 22, 2026. The board had approved the proposal on April 30, 2026. The buyback represents 1.35% of the total paid-up equity capital of Kajaria Ceramics as of March 31, 2026.
The buyback size is 10.27% of the aggregate paid-up capital and free reserves on a standalone basis and 9.87% on a consolidated basis, as per audited financial statements for the year ended March 31, 2026.
The promoter and promoter group members will not participate in the buyback. A reservation of 15% of the buyback size has been allocated for small shareholders.
The record date for determining eligible shareholders will be decided by the board. The public announcement dated June 24, 2026 was published on June 25, 2026 in Financial Express across 10 cities and Jansatta across four cities. Nuvama Wealth Management Limited is acting as the manager to the buyback.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.