Kajaria Ceramics has successfully completed its buyback of 21,50,000 fully paid-up equity shares at a price of ₹1,380 per share, utilizing an aggregate amount of ₹296.70 crore. The buyback, which was conducted via the tender offer route using the stock exchange mechanism, opened on July 3, 2026, and closed on July 9, 2026.

The Registrar to the Buyback, MUFG Intime India Private Limited, considered a total of 50,878 valid bids for 2,83,23,929 equity shares, representing approximately 13.17 times the maximum number of shares proposed to be bought back. The settlement of all valid bids was completed by the Indian Clearing Corporation Limited on July 16, 2026, with direct funds payout made to eligible shareholders.

Details of the Buyback

The company accepted the maximum number of shares offered under the buyback. The response was significant across both the reserved category for small shareholders and the general category for other eligible shareholders.

Capital Structure Changes

Following the completion of the buyback, the extinguishment of 21,50,000 equity shares is currently under process and will be finalized on or before July 27, 2026. The issued, subscribed, and paid-up capital of the company will reduce from 15,92,93,050 equity shares to 15,71,43,050 equity shares.

The buyback was funded out of the company's free reserves, representing 10.27% and 9.87% of the aggregate of the paid-up capital and free reserves as per the audited standalone and consolidated financial statements for the year ended March 31, 2026, respectively.

Shareholding Pattern

The shareholding pattern post-buyback indicates a shift in ownership percentages. The promoter and promoter group holding has increased to 48.34% from 47.69%, while the holding of Foreign Investors has risen to 51.66% from 12.24%.

Nuvama Wealth Management Limited acted as the manager to the buyback. The Board of Directors of Kajaria Ceramics confirmed that the post-buyback public announcement contains true, factual, and material information.

Kajaria Ceramics Limited has announced the opening of its buyback offer on July 3, 2026, at a price of ₹1,380 per share. The offer, which aggregates to ₹296.70 crore for up to 21,50,000 equity shares, will close on July 9, 2026. The buyback aims to return surplus funds to shareholders and is being conducted through the tender offer route using the stock exchange mechanism. The record date to determine shareholder eligibility was fixed as June 29, 2026.

The Board of Directors initially approved the proposal on April 30, 2026, and shareholders approved the buyback via a special resolution through postal ballot on June 23, 2026. The buyback size represents 10.27% and 9.87% of the aggregate of the paid-up capital and free reserves as per the audited standalone and consolidated financial statements for the year ended March 31, 2026, respectively. The offer is open to all eligible shareholders except the Promoter and the Promoter Group, who have expressed their intention not to participate.

The Company has dispatched the Letter of Offer and Tender Form, dated June 30, 2026, through electronic means to eligible shareholders whose email IDs are registered with the Company or Depositories. Physical dispatch was made on July 1, 2026, for those without registered email IDs. Additionally, the Company published newspaper advertisements regarding the dispatch of the Letter of Offer in the Financial Express and Jansatta on July 2, 2026.

Key Details of the Buyback

Nuvama Wealth Management Limited has been appointed as the manager to the buyback and the registered broker, while MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) serves as the Registrar to the Buyback. The funds for the buyback will be sourced from the company's free reserves and internal accruals.

Schedule of Activities

The buyback entitlement ratio is approximately 16 equity shares for every 127 equity shares held for the reserved category of small shareholders, and 21 equity shares for every 928 equity shares held for the general category of eligible shareholders. The exact entitlement will be communicated to eligible shareholders along with the Letter of Offer.