Exxaro Tiles has seen a significant change in its ownership structure as Deep Diamond India Limited acquired a substantial stake in the company through open market purchases. Between October 16 and November 11, 2025, Deep Diamond India acquired 2,62,72,073 equity shares of Exxaro Tiles, resulting in a total shareholding of 5.87% of Exxaro Tiles' issued share capital.

Key Details of the Acquisition

Regulatory Compliance

In line with the Securities and Exchange Board of India (SEBI) regulations on substantial acquisitions, Deep Diamond India Limited has disclosed this transaction to the relevant stock exchanges and Exxaro Tiles. This adherence to regulatory requirements ensures transparency in the market regarding significant changes in shareholding patterns.

Market Implications

This substantial acquisition by Deep Diamond India Limited may be of interest to market participants and stakeholders of both companies. Such significant stake purchases often signal confidence in the target company's potential or align with broader business strategies of the acquiring firm.

Investors and market analysts may want to monitor any potential future developments or announcements from either company that could provide more context to this transaction.

Exxaro Tiles Limited has issued a strong denial against misleading claims made in a YouTube video by the channel Jasmeet Singhrao. The company has taken steps to address the spread of misinformation and provide accurate details about its ongoing projects and initiatives.

Key Clarifications

Exxaro Tiles has categorically rejected several claims made in the video, including:

1. Annual savings of ₹30 crore from solar energy
2. Significant entry into UAE and Saudi Arabia markets
3. Expectations of 1000% profit growth
4. Recent appointment of Ajay Devgn as brand ambassador

Solar Power Project Details

The company has provided accurate information about its solar power initiative:

Brand Ambassador Clarification

Exxaro Tiles confirmed that Bollywood actor Ajay Devgn was indeed appointed as the company's brand ambassador, but this occurred in May 2022, not recently as suggested in the video.

Company's Stance on Misinformation

The company emphasized that it has not authorized or endorsed any statements regarding:

• Entry into UAE or Saudi Arabia markets
• Multifold growth expectations in sales and profits

Exxaro Tiles reaffirmed its commitment to transparency and compliance with SEBI regulations, stating that all price-sensitive or material information is disseminated only through official channels, including stock exchanges and the company's website.

Action Against Misinformation

The company has stated that it is taking appropriate action against the unauthorized video, including reporting it to the relevant social media platform to prevent the spread of false information.

This incident underscores the importance of relying on official company communications and regulatory filings for accurate information about publicly traded companies. Investors and the public are advised to verify claims made on social media platforms with official sources before making any investment decisions.