Kajaria Ceramics: Board Approves Final Dividend, Buyback, and Expansion
Kajaria Ceramics' Board approved audited FY26 results and recommended a final dividend of ₹6 per share. A buyback of up to 21.50 lakh shares at ₹1380 each, totaling ₹296.70 crores, was also approved. The company will invest ₹210 crores to expand its Srikalahasti plant capacity by 10 MSM, expected by March 2027. Investments in subsidiaries include ₹45 crores in Kerovit Global and ₹50 crores in Kajaria Bathware.
The buyback, capacity expansion, and investments in subsidiaries are material corporate actions that could significantly impact the company's financial structure, operational capacity, and future growth prospects.
The company announced a final dividend, a significant share buyback, capacity expansion, and strategic investments in subsidiaries, all of which are generally viewed positively by investors.
Kajaria Ceramics Limited's Board of Directors, in a meeting held on April 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The Board recommended a final dividend of ₹6 per equity share for the financial year ended March 31, 2026. This dividend, if approved by shareholders at the upcoming Annual General Meeting (AGM), will be paid within 30 days of its declaration.
Additionally, the company announced a proposal for a buyback of up to 21.50 lakh equity shares, representing 1.35% of the total paid-up capital, at a price of ₹1380 per share, for an aggregate amount not exceeding ₹296.70 crores. The buyback will be conducted through the 'Tender offer' route and is subject to shareholder approval.
The Board also approved the appointment of M/s Ernst & Young LLP as the Internal Auditors for the financial year 2026-27. Furthermore, the company plans to expand its manufacturing facility in Srikalahasti, Andhra Pradesh, by increasing the annual production capacity by 10 MSM (Million Square Meters) of Glazed Vitrified Tiles, with an investment of ₹210 crores, expected to be completed by March 2027. The company will finance this expansion through internal accruals.
In other corporate actions, Kajaria Ceramics will subscribe to 4.50 crore non-convertible redeemable preference shares of ₹10 each in Kerovit Global Private Limited (a step-down subsidiary) for up to ₹45 crores. This investment is aimed at improving Kerovit Global's debt-equity ratio. The company also approved the acquisition of 44,11,764 Compulsorily Convertible Preference Shares of ₹10 each in Kajaria Bathware Private Limited for a total consideration of ₹50 crores, to provide an exit to an existing investor.
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Kajaria Ceramics Limited filed this with the NSE as a statutory disclosure, categorised under dividend. 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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See the model portfoliosA plain-language summary of a public exchange filing by Kajaria Ceramics Limited. Read the original for the full detail.