Kajaria Ceramics Announces ₹296.7 Crore Share Buyback

Buyback Size: Up to 21,50,000 equity shares
Buyback Price: ₹1,380 per equity share
Maximum Consideration: ₹296.70 crores (excluding transaction costs)
Transaction Costs: Excluded from the ₹296.70 crore limit
Record Date: June 29, 2026
Percentage of Paid-up Capital: 1.35% of total equity shares
Free Reserves Utilization: 10.27% of standalone and 9.87% of consolidated paid-up capital and free reserves
Escrow Amount Deposited: ₹44.67 crores (15.06% of buyback offer size)

| Activity | Date |

| Board Meeting Approval | April 30, 2026 |

| Postal Ballot Results Declaration | June 23, 2026 |

| Public Announcement Date | June 24, 2026 |

| Publication Date | June 25, 2026 |

| Record Date | June 29, 2026 |

| Last Date for Dispatch of Letter of Offer | July 1, 2026 |

| Buyback Opening Date | July 3, 2026 |

| Buyback Closing Date | July 9, 2026 |

| Last Date for Receipt of Tender Forms | July 9, 2026 |

| Last Date for Settlement Completion | July 16, 2026 |

| Last Date for Extinguishment of Shares | July 27, 2026 |

Manager to Buyback: Nuvama Wealth Management Limited
Registrar to Buyback: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Escrow Agent: HDFC Bank Limited
Designated Stock Exchange: BSE Limited
Statutory Auditors: Walker Chandiok & Co LLP
Legal Counsel: Economic Laws Practice
Compliance Officer: Mr. Vinit Kumar, General Counsel & Company Secretary

The buyback is being undertaken to:

Source of Funds: Free reserves, securities premium account, internal accruals (not borrowed funds)
Capital Reduction: Transfer of nominal value of bought-back shares to capital redemption reserve account
EPS Impact: Expected improvement in earnings per share post-buyback
Debt-Equity Ratio: Will remain below 2:1 post-buyback (currently 0.03 standalone, 0.07 consolidated)
Promoter Holding Change: May increase from 47.69% to 48.34% assuming full acceptance

Current Paid-up Capital: ₹15,92,93,050 (159,293,050 shares of ₹1 each)
Post-Buyback Capital: ₹15,71,43,050 (157,143,050 shares) assuming full acceptance
Reduction: 21,50,000 shares will be extinguished and physically destroyed

Small Shareholders: Defined as holders with market value ≤ ₹2,00,000 based on NSE closing price of ₹1,205 (165 shares or less)
Reserved Category: 3,22,500 shares (15% of buyback size or entitlement, whichever is higher)
General Category: 18,27,500 shares for all other eligible shareholders

Promoter and promoter group (holding 47.69% as of Public Announcement date) have expressed intention not to participate
Their shares are excluded from entitlement ratio calculation

Capital gains tax applicable to shareholders based on holding period
No tax deduction at source for resident shareholders
Non-resident shareholders subject to applicable withholding tax rates and DTAA benefits
Securities Transaction Tax applicable

Company shall not issue new shares for 6 months except bonus issues or discharge of subsisting obligations
Company shall not raise further capital for 1 year from buyback completion
Minimum public shareholding of 25% will be maintained
All shares bought back will be extinguished within specified timelines