Kajaria Ceramics Board Approves Dividend, Buyback, and Expansion
Kajaria Ceramics reported audited financial results for FY26. The Board recommended a final dividend of ₹6 per share and approved a share buyback of up to 21.50 lakh shares at ₹1380 each, not exceeding ₹296.70 crore. Expansion of the Srikalahasti plant by 10 MSM is planned with ₹210 crore investment. The company will also invest up to ₹45 crore in Kerovit Global and acquire CCPS in Kajaria Bathware for ₹50 crore.
The announcement includes multiple material events: audited financial results, dividend recommendation, a substantial share buyback program, significant capacity expansion, and strategic investments in subsidiaries, all of which are expected to have a significant impact on the company's financials and market position.
The company announced positive financial results, recommended a final dividend, approved a significant share buyback, and planned substantial expansion and strategic investments, all indicating strong financial health and future growth prospects.
Kajaria Ceramics Limited announced the outcome of its Board Meeting held on April 30, 2026. The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026, with an unmodified audit opinion from M/s Walker Chandiok & Co LLP.
The company recommended a final dividend of ₹6 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). M/s Ernst & Young LLP has been appointed as the Internal Auditors for the financial year 2026-27.
Significant expansion plans include increasing the manufacturing facility at Srikalahasti, Andhra Pradesh, by 10 MSM (Million Square Meters) of Glazed Vitrified Tiles, with an investment of ₹210 Crores, expected to be completed by March 2027, financed through internal accruals.
Further, the company approved a buyback of up to 21.50 lakh equity shares at ₹1380 per share, for an aggregate amount not exceeding ₹296.70 Crores. This buyback represents 1.35% of the total paid-up capital and is subject to shareholder approval.
In terms of strategic investments, Kajaria Ceramics will subscribe to 4,50,00,000 non-convertible redeemable Preference Shares of ₹10 each in its step-down subsidiary, Kerovit Global Private Limited, for up to ₹45 Crores. Additionally, the company approved the acquisition of 44,11,764 Compulsorily Convertible Preference Shares of ₹10 each in its wholly-owned subsidiary, Kajaria Bathware Private Limited, for a total consideration of ₹50 Crores.
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Kajaria Ceramics Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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