Kajaria Ceramics Limited has successfully passed a special resolution through postal ballot for the buyback of its equity shares. The resolution was approved with overwhelming majority support from shareholders.

Buyback Details

The company received approval for:

  • Buyback of up to 21,50,000 (21.5 lakh) equity shares
  • Buyback price: ₹1,380 per equity share
  • Total buyback value: ₹296.70 crore (Rupees Two Hundred Ninety Six Crores and Seventy Lacs only)
  • Buyback method: Tender Offer route
  • Percentage of existing paid-up capital: 1.35% (on standalone basis)

Voting Results

The special resolution was passed with the following voting results:

  • Total valid votes: 127,831,222
  • Votes in favor: 125,049,377 (97.82%)
  • Votes against: 2,781,845 (2.18%)
  • Invalid votes: 0

Shareholder Category-wise Voting Breakdown

Promoter & Promoter Group:

  • Shares held: 75,955,231
  • Votes polled: 75,955,231 (100% of holdings)
  • Votes in favor: 100%
  • Votes against: 0%

Public Institutions:

  • Shares held: 58,826,759
  • Votes polled: 51,767,679 (88.00% of holdings)
  • Votes in favor: 94.63%
  • Votes against: 5.37%

Public Non-Institutions:

  • Shares held: 24,490,300
  • Votes polled: 108,312 (0.44% of holdings)
  • Votes in favor: 99.01%
  • Votes against: 0.99%

Process Details

  • Record date for voting eligibility: May 18, 2026
  • E-voting period: May 24, 2026 (9:00 AM IST) to June 22, 2026 (5:00 PM IST)
  • Scrutinizer: Mr. Shashikant Tiwari, Partner at M/s Chandrasekaran Associates, Company Secretaries
  • Scrutinizer appointment date: April 30, 2026
  • Results declaration date: June 23, 2026

Shareholding Pattern (Pre-Buyback)

Based on data as of June 19, 2026:

  • Promoters & Promoter Group: 47.69% (75,955,231 shares)
  • Foreign Investors: 12.23% (19,480,024 shares)
  • Financial Institutions/Banks & Mutual Funds: 26.02% (41,445,644 shares)
  • Others (Public, Corporate): 14.06% (22,391,391 shares)
  • Total: 100% (159,272,290 shares)

Additional Information

  • The actual number of shares bought back and post-buyback shareholding pattern will be determined after buyback completion
  • Physical ballots were not dispatched following MCA and SEBI relaxations
  • Advertisements were published in Financial Express (English) and Jansatta (Hindi) on May 24, 2026