Kajaria Ceramics Limited has completed a buyback of 21,50,000 equity shares at ₹1,380 per share, aggregating to ₹296.70 crore. The shares represented approximately 1.35% of the company’s existing paid-up equity share capital.
Economic Laws Practice (ELP) advised Kajaria Ceramics on the transaction and also advised Nuvama Wealth Management Limited, which acted as the manager to the buyback. The ELP team was led by Geeta Dhania, Partner, with Ridhi Jain, Senior Associate, and Associates Anusha Agrawal and Shreya Prakash assisting on the transaction.
The buyback was structured through the tender offer route under the applicable provisions of the Companies Act, 2013 and SEBI’s buyback regulations. The company’s shareholders approved the proposal through a postal ballot, with 97.82% of the votes cast in favour of the resolution.
The ₹296.70 crore buyback represented approximately 10.27% of the company’s paid-up capital and free reserves on a standalone basis, based on the financial statements for the year ended March 31, 2026. The Board had also recorded that the company would not be rendered insolvent within one year following the buyback.
The transaction is part of Kajaria Ceramics’ broader capital allocation decisions for FY2026. At the same April 2026 meeting, the company also approved an investment of up to ₹45 crore in preference shares of Kerovit Global Private Limited, a step-down subsidiary.
The company has said that its promoters and promoter group would not participate in the buyback. Kajaria Ceramics, together with its subsidiaries, operates in the manufacture, sale and distribution of tiles, adhesives, bathware and sanitaryware products.
