Investment Details
On October 30, 2026, the company subscribed to 10,167 equity shares of Sunsure Solarpark Fourty Three Private Limited at a price of ₹1,21,49,565 (approximately ₹1.21 crore). Each share has a face value of ₹10. The investment was made in cash consideration.
Shareholding Structure
Following this subscription, Kajaria Ceramics now holds 19.77% of the equity shares of Sunsure Solarpark Fourty Three Private Limited. This represents the first tranche of a total planned investment of up to ₹12.15 crore to be made in multiple tranches.
Background of Target Entity
Sunsure Solarpark Fourty Three Private Limited is engaged in the business of renewable energy generation, specifically solar and wind power. The company was incorporated on January 7, 2025 and has not yet commenced commercial production. Its registered office is located at 1101A-1107, 11th Floor, Park Centra, Sector 30, Sector 17, Gurgaon, Haryana.
Strategic Purpose
The investment objective is to reduce power costs at Kajaria Ceramics' plants located in Gailpur and Malootana, Rajasthan by shifting toward solar and wind power, which are described as cost-effective and environmentally friendly. The transaction was executed pursuant to a Shareholders' Agreement dated September 2, 2026 among Kajaria Ceramics Limited, Sunsure Solarpark Fourty Three Private Limited, and Sunsure Energy Private Limited.
Regulatory and Compliance Aspects
The transaction does not qualify as a related party transaction, and the promoter/promoter group/group companies have no interest in the entity being acquired. No governmental or regulatory approvals were required for this acquisition. The disclosure is made under Regulation 30 of the SEBI Listing Regulations.