Kajaria Ceramics Limited
13 June 2026
Kajaria Ceramics Acquires Kerovit Global
Kajaria Ceramics Limited (NSE: KAJARIACER) – Acquisition Announcement
Introduction
Kajaria Ceramics Limited (NSE: KAJARIACER) filed an XBRL announcement on 30 April 2026 disclosing the acquisition of Kerovit Global Private Limited (KGPL) through its wholly‑owned subsidiary, Kajaria Bathware Private Limited.
Acquisition Overview
- Acquirer: Kajaria Ceramics Limited (through Kajaria Bathware Private Limited)
- Target: Kerovit Global Private Limited, a manufacturer of sanitaryware products in India
- Transaction Type: Subscription of preference shares – cash consideration
- Total Cash Consideration: ₹ 45 crore (₹ 450,000,000)
- Ownership Structure Post‑Transaction:
- Kajaria Bathware Private Limited already holds 100 % of KGPL.
- After the subscription, the Company will hold 100 % preference shares of KGPL, making KGPL a step‑down wholly‑owned subsidiary.
Key Transaction Details
| Item | Detail |
|---|---|
| Date of Board & Audit Committee Approval | 30 April 2026 |
| Board Meeting End Time | 14:45 hrs |
| Indicative Completion Period | Approximately 3 months |
| Nature of Consideration | Cash (₹ 45 crore) |
| Related Party Transaction | Yes (step‑down subsidiary) |
| Arms‑Length Transaction | Yes |
| Materiality (RPT) | Not material |
| Regulatory Approvals Required | None reported |
| Transaction Structure | Single‑stage, no tranches |
| Industry of Target | Sanitaryware manufacturing (within the broader ceramics & bathware sector) |
Financial Highlights of the Target (Kerovit Global Private Limited)
- Net Worth: ₹ 447.9 million
- Turnover: ₹ 361.1 million
- Profit After Tax: ‑₹ 316.5 million (loss)
- Country of Presence: India
Strategic Rationale
- Debt‑Equity Ratio Improvement: The acquisition aims to strengthen the debt‑equity ratio of KGPL, supporting its financial stability.
- Business Synergy: KGPL’s sanitaryware product line complements Kajaria’s existing bathware and ceramics portfolio, enhancing product breadth.
Governance & Compliance
- Board & Audit Committee Approvals were obtained on the same day (30 April 2026).
- The transaction is not subject to any governmental or regulatory approvals as per the filing.
- It is classified under Regulation 30 – Restructuring (New Acquisition) and is disclosed as an outcome of a board meeting.
This article presents only the facts disclosed in Kajaria Ceramics Limited’s XBRL filing dated 30 April 2026. No additional commentary or forward‑looking statements are included.
Original Source Document
View the original exchange filing or announcement.
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