Kajaria Ceramics Limited promoter group entities sold 5,800,000 equity shares in the open market between September 29 and September 30, 2026. This disposal reduced the promoter group's aggregate shareholding from 48.13% to 45.79% of the company's total voting capital.

The sellers included CK Trustees Private Limited, RK Trustees Private Limited, Shikha Kajaria, and Vedant Kajaria. The transactions were executed through the open market route, as disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The sale involved multiple entities within the promoter group acting in concert. CK Trustees Private Limited, acting as sole trustee for the Chetan Kajaria Family Private Trust, sold a combined 2,300,000 shares across two days. RK Trustees Private Limited, trustee for the Rishi Kajaria Family Private Trust, disposed of 1,000,000 shares on September 30, 2026.

Individual promoters also participated in the selling activity. Shikha Kajaria exited her entire holding of 600,000 shares, reducing her stake to zero. Vedant Kajaria sold 100,000 shares, retaining a residual holding of 350,000 shares.

What the Numbers Show

The promoter group's aggregate holding fell by 2.34 percentage points despite the company's total share capital remaining unchanged at 157,143,050 shares during this period. This reduction follows a buyback event where 2,150,000 shares were extinguished on July 21, 2026, which had previously increased the promoter percentage due to a smaller denominator. The current open market sales represent a direct dilution of control, distinct from the mechanical increase seen post-buyback.

The disclosure highlights that while some family trusts maintained their positions, individual family members like Shikha Kajaria completely liquidated their stakes. The total diluted share/voting capital remained constant at 157,143,050, confirming no new issuance or conversion of instruments occurred alongside these sales.

Kajaria Ceramics declared the voting results of its 40th Annual General Meeting held on September 15, 2026. All four ordinary resolutions were passed with requisite majority.

The company confirmed the final dividend of ₹6 per equity share and the re-appointment of directors Chetan Kajaria and Rishi Kajaria. The scrutinizer report was issued on September 16, 2026, by M/s. Chandrasekaran Associates.

Voting Results

Shareholders voted overwhelmingly in favour of adopting the audited financial statements for FY26 and declaring the final dividend. The resolutions received nearly unanimous support from promoters and institutional investors.

Director Re-appointments

Chetan Kajaria (DIN: 00273928) and Rishi Kajaria (DIN: 00228455) retired by rotation and offered themselves for re-appointment. Both were eligible under company regulations.

The re-appointment resolutions saw significant dissent from public institutional investors, who cast 670,750 votes against each resolution. Promoter group votes, representing 75,955,231 shares, were entirely in favour.

Key Attendees

The following key personnel participated in the meeting:

• Ashok Kajaria, Chairman
• Chetan Kajaria, Vice Chairman
• Rishi Kajaria, Managing Director
• Dev Datt Rishi, Non-Executive Director
• Dr. Lalit Kumar Panwar, Independent Director
• Sudhir Bhargava, Independent Director
• Ambika Sharma, Independent Director
• Pradeep Udhas, Independent Director

Sanjeev Agarwal, Chief Financial Officer, and Vinit Kumar, General Counsel & Company Secretary, were in attendance. Statutory Auditors Walker Chandiok & Co LLP and Secretarial Auditors Chandrasekaran Associates also represented their firms.

Governance Details

The meeting was conducted through Video Conferencing/Other Audio Visual Means in compliance with Ministry of Corporate Affairs Circulars and SEBI Listing Regulations. The record date for voting eligibility was September 8, 2026. Total outstanding shares stood at 157,143,050.