Kajaria Ceramics Limited has announced the incorporation of a new wholly-owned subsidiary in Nepal through its joint venture company. The disclosure, made pursuant to Regulation 30 of the SEBI Listing Regulations, provides details of this corporate restructuring initiative in the Nepalese market.

Subsidiary Incorporation Details

Kajaria Ramesh Tiles Limited (KRTL), Nepal, which is a joint venture of Kajaria Ceramics, has incorporated K.R. Industries Private Limited (KIPL) as its wholly-owned subsidiary on April 2, 2026. The new entity has been established under the provisions of the Companies Act, 2006 of Nepal.

Ownership Structure and Investment

The ownership structure reflects Kajaria Ceramics' strategic positioning in the Nepalese market. Since Kajaria Ceramics holds 50% equity shares in KRTL, and KIPL is a wholly-owned subsidiary of KRTL, the company's indirect shareholding in KIPL stands at 50%.

The incorporation involves a cash consideration of INR 62,50,000 from Kajaria Ceramics' perspective, reflecting its proportionate stake in the joint venture structure.

Business Objectives

The primary objective behind incorporating KIPL is to continue and support the business operations of KRTL in Nepal. This strategic move appears designed to strengthen the operational framework of the joint venture's activities in the Nepalese market.

The company has clarified that this is not an acquisition but rather an incorporation of a new subsidiary by its existing joint venture partner. As such, no governmental or regulatory approvals were required for this corporate action, and no specific completion timeline was applicable since the incorporation was completed on April 2, 2026.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under the regulatory framework, ensuring transparency for stakeholders and market participants.

This development represents Kajaria Ceramics' continued focus on expanding its presence in international markets through strategic partnerships and subsidiary structures.

Kajaria Ceramics Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI's depositories regulations. The filing demonstrates the company's adherence to mandatory compliance procedures for the quarter ended March 31, 2026.

Regulatory Filing Details

The company filed the certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 02, 2026. Company Secretary and General Counsel Vinit Kumar digitally signed and submitted the document to both the National Stock Exchange of India Limited and BSE Limited.

Compliance Certificate Confirmation

MCS Share Transfer Agent Limited, acting as the company's registrar and share transfer agent, issued the compliance certificate dated April 2, 2026. The certificate confirms adherence to dematerialization requirements for the quarter ended March 31, 2026.

The registrar certified two key compliance aspects:

• Securities received for dematerialization were properly listed on stock exchanges where earlier issued securities are already listed
• Physical certificates were duly verified, mutilated, and cancelled, with the depository's name substituted as the registered owner in company records

Stakeholder Communication

The filing was simultaneously communicated to key market infrastructure institutions. Along with the primary stock exchanges NSE and BSE, copies were sent to National Securities Depositories Limited and Central Depository Services (India) Limited, ensuring comprehensive regulatory compliance across all relevant depositories.

Corporate Information

Kajaria Ceramics Limited operates from its corporate office at Mohan Co-operative Industrial Estate, Mathura Road, New Delhi, with its registered office located in Gurgaon, Haryana. The company maintains its commitment to regulatory compliance through systematic quarterly filings and proper documentation procedures.