KAJARIA : SUBSCRIBES RS 45 CR NCRPS OF STEP-DOWN SUBSIDIARY KEROVIT GLOBAL

• Kajaria Ceramics subscribed 4,50,00,000 (4.5 Cr) 0.25% non-convertible redeemable preference shares of Kerovit Global (KGPL) • Cost of acquisition Rs 45 Cr, cash consideration; NCRPS redeemable on completion of ten years • KGPL is a step-down wholly-owned subsidiary; Kajaria Bathware (WOS) holds 100% of its equity, Kajaria is ultimate holding company • Stated object is to improve the debt-equity ratio of KGPL • KGPL makes sanitaryware in India; FY26 turnover Rs 36.11 Cr with loss after tax of Rs 31.65 Cr (FY25 turnover Rs 10.84 Cr)

Kajaria Ceramics Ltd

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