Kajaria Ceramics Invests ₹45 Cr in Subsidiary KGPL

Kajaria Ceramics Limited has subscribed to 4,50,00,000 Non-Convertible Redeemable Preference Shares (NCRPS) of its step-down wholly-owned subsidiary, Kerovit Global Private Limited (KGPL), for a cash consideration of ₹45 Crores. This investment aims to improve KGPL's debt-equity ratio. KGPL, which manufactures sanitaryware products, reported a turnover of ₹36.11 Crores and a loss after tax of ₹31.65 Crores as of March 31, 2026. The transaction is considered a related party transaction and has been approved by the company's Audit Committee at an arms' length. KGPL will continue to be a step-down wholly-owned subsidiary of Kajaria Ceramics.