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 announced the successful installation of a 3.8 MW DC solar power project, marking a significant step in the company's sustainability initiatives. This development comes after the company previously addressed misinformation regarding its solar projects and other business activities.

Latest Solar Project Details

The company has provided comprehensive details about its new solar power initiative:

Previous Solar Initiative

Earlier, the company had announced a different solar project with the following specifications:

Addressing Misinformation

The company had previously issued clarifications against misleading claims made in a YouTube video, categorically rejecting several false statements including incorrect annual savings figures and unauthorized market expansion claims. Exxaro Tiles emphasized its commitment to transparency and compliance with SEBI regulations, ensuring all material information is disseminated through official channels.

Manufacturing Capabilities

Exxaro Tiles operates two state-of-the-art manufacturing facilities with a combined installed capacity of 1,46,00,000 sq. meters per annum. The company specializes in producing double charge vitrified tiles, glazed vitrified tiles, polished glazed vitrified tiles, wall tiles, ceramic products, and big format slab tiles.

Market Presence

The company maintains a strong pan-India presence through a robust distribution network of over 2,000 dealers and six display centres. Internationally, Exxaro Tiles exports to more than 15 countries including the United States, Canada, African continent, Gulf countries, Indonesia, Vietnam, Mexico, and Nepal.

This solar project initiative reinforces Exxaro Tiles' commitment to environmental responsibility and operational efficiency, contributing to both cost savings and carbon footprint reduction while aligning with national and global sustainability goals.