Kajaria Ceramics Limited has successfully completed its leadership restructuring plan after receiving overwhelming shareholder approval through a postal ballot process. The company announced on December 16, 2025, that all three special resolutions were passed with requisite majority, marking a significant milestone in the company's governance structure.

Postal Ballot Results

The voting results, based on the scrutinizer's report dated December 16, 2025, demonstrated strong shareholder confidence in the proposed leadership changes:

Voting Process Details

The postal ballot process was conducted entirely through electronic voting from November 16 to December 15, 2025. A total of 126,346,687 valid votes were cast for the first resolution, while 126,346,681 valid votes were recorded for the second and third resolutions, with no invalid votes reported.

The process was scrutinized by Shashikant Tiwari, Partner at Chandrasekar Associates, Company Secretaries, ensuring transparency and compliance with regulatory requirements under the Companies Act, 2013 and SEBI regulations.

Leadership Appointments Effective October 2025

The approved restructuring, effective from October 1, 2025, to September 30, 2030, establishes a new leadership hierarchy:

Ashok Kajaria (DIN: 00273877) has been re-designated as Chairman from his previous role as Chairman & Managing Director. The founding promoter brings over 49 years of industry experience and is credited with transforming India's tile industry.

Chetan Kajaria (DIN: 00273928) assumes the role of Vice Chairman, having previously served as Joint Managing Director. He holds a Bachelor's degree in Petrochemical Engineering from Pune University and an MBA from Boston College, US. Since joining in 2000, he has been instrumental in expanding the company's showroom network and production base.

Rishi Kajaria (DIN: 00228455) takes charge as Managing Director, transitioning from Joint Managing Director. He holds a B.Sc. in Business Administration from Boston University, USA, and joined Kajaria Ceramics in 2003. He spearheaded the vitrified tile vertical and the company's expansion into the bathware segment.

Strategic Implications

The restructuring aims to delegate major responsibilities from Ashok Kajaria to Chetan Kajaria and Rishi Kajaria, setting the stage for a new era of leadership at India's leading tile manufacturer. The overwhelming shareholder support reflects confidence in the company's strategic direction and the proposed leadership team's ability to drive future growth.

The appointments comply with the Companies Act, 2013, and SEBI regulations, with special resolutions required due to Ashok Kajaria's age exceeding 70 years and remuneration considerations for executive directors who are part of the promoter group.

Kajaria Ceramics , a leading player in the Indian ceramics industry, has reported a significant improvement in its financial performance for the second quarter, despite modest revenue growth. The company's strategic initiatives and cost optimization efforts have yielded positive results, particularly in terms of profitability and operational efficiency.

Financial Highlights

Kajaria Ceramics reported a consolidated revenue of ₹1,186.00 crores in Q2, marking a marginal 1.00% year-on-year growth. However, the company achieved significant margin expansion, with EBITDA improving to 17.94%, up 447 basis points year-on-year and 122 basis points sequentially. The most notable improvement was in the company's Profit After Tax (PAT), which surged by 58.00% to ₹133.00 crores, compared to ₹84.00 crores in the previous year's corresponding quarter.

Segment Performance

While the tiles segment remained flat at ₹1,051.00 crores, the bathware segment showed promising growth of 14.00%, reaching ₹102.00 crores. The adhesives segment demonstrated substantial growth, with revenue increasing to ₹32.00 crores from ₹18.00 crores in the previous year.

Strategic Initiatives and Operational Improvements

Kajaria Ceramics is undergoing a significant organizational transformation to enhance its market position and operational efficiency. Key initiatives include:

1. Sales Unification: Streamlining the sales process across segments.
2. Cost Optimization:
   • Packaging reengineering, saving ₹30-35 crores annually
   • Workforce optimization, reducing headcount by 250
   • Improved procurement processes
3. Working Capital Management: Reduced working capital days from 58 to 56
4. Market Share Enhancement: Appointed management consultants to develop strategies
5. Architect and Influencer Engagement: Established a dedicated team

Management Outlook

The management of Kajaria Ceramics maintains a positive outlook for the second half of the fiscal year, expecting volume growth to pick up. They aim to maintain a retail-to-project mix of approximately 70:30, indicating a continued focus on the retail segment while also catering to project-based demands.

The company's strategic initiatives and cost optimization efforts have clearly paid off in Q2, as evidenced by the significant improvement in profitability despite modest revenue growth. As Kajaria Ceramics continues to implement these measures and adapt to market dynamics, investors and industry observers will be keen to see if this positive momentum can be sustained in the coming quarters.