Kajaria Ceramics Completes Acquisition of Remaining 25% Stake in Kajaria Adhesive Private Limited

Kajaria Ceramics Limited has completed the acquisition of the remaining 25% stake in Kajaria Adhesive Private Limited (KAPL), making it a wholly-owned subsidiary. The company acquired 2,500 equity shares on February 18, 2026, for a cash consideration of Rs. 25,000. Acquisition Details The transaction represents a strategic move by Kajaria Ceramics to consolidate its ownership in KAPL, increasing its shareholding from 75% to 100%. The acquisition was structured as a related party transaction, with the shares being purchased from Mr. Kartik Kajaria, who serves as Head of the Adhesive Division and is a member of the company's Promoter Group. Parameter: Details Shares Acquired: 2,500 equity shares (25%) Acquisition Date: February 18, 2026 Purchase Price: Rs. 25,000 Payment Method: Cash consideration Shareholding Change: 75% to 100% About Kajaria Adhesive Private Limited KAJL was incorporated on January 31, 2024, under the Companies Act, 2013, with its registered office located at J-1/B-1 (Extn.), Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110044. The company is focused on manufacturing adhesives for tiles and is currently in the process of establishing a manufacturing facility in Erode, Tamil Nadu. Financial Performance Financial Metric: As on March 31, 2025 Turnover: Nil Loss After Tax: Rs. 0.07 crore Turnover (2024-25): Nil Previous Years: Not Applicable Regulatory Compliance The acquisition was conducted in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key regulatory aspects include: Prior approval obtained from the Audit Committee Transaction conducted on an arms' length basis No additional governmental or regulatory approvals required Proper disclosure made to BSE Limited and National Stock Exchange of India Limited Strategic Implications The acquisition aligns with Kajaria Ceramics' strategy to expand its presence in the tile adhesive segment. With KAPL now as a wholly-owned subsidiary, the company gains complete control over its adhesive manufacturing operations. The facility being set up in Erode, Tamil Nadu, will enable KAPL to commence commercial production of tile adhesives, complementing Kajaria Ceramics' existing product portfolio in the ceramics and tiles industry. Kajaria Ceramics Limited has announced key changes in its senior management structure, appointing Ashish Goel as Chief Human Resources Officer (CHRO) effective February 13, 2026. The company disclosed this development to BSE Limited and National Stock Exchange of India Limited on February 12, 2026, in compliance with SEBI Listing Regulations. Board Approval and Management Restructuring The Board of Directors approved Goel's appointment through a circular resolution passed on February 12, 2026, based on recommendations from the Nomination and Remuneration Committee. The appointment forms part of a broader organizational restructuring initiative. Parameter: Details Appointment Date: February 13, 2026 Designation: Chief Human Resources Officer (CHRO) Approval Method: Board Circular Resolution Term: As per Employment Terms of the Company Leadership Transition Details Consequent to the new appointment, Praveen Prakash will cease to be Senior Management Personnel effective February 13, 2026, due to changes in the reporting structure. However, Prakash will continue serving as AVP (HR) and will report directly to the newly appointed CHRO. Transition Aspect: Details Outgoing Personnel: Praveen Prakash, AVP (HR) Status Change: Ceases Senior Management role Continued Role: Remains AVP (HR) New Reporting: Reports to CHRO Professional Background of New CHRO Ashish Goel brings extensive human resources expertise to his new role, holding advanced qualifications and significant industry experience. His educational credentials include a Master's degree in Personnel Management (MBA-HR) from the University of Pune and B.A. (Honors) in English from Jamia Millia University, Delhi. Goel's professional journey spans over 30 years across diverse industry sectors. His experience includes leadership roles at prominent organizations: Essel Group Technicon Group Vodafone Hero Honda Group CL Educate MKM Group Gemini Group Strategic HR Leadership Experience Throughout his career, Goel has demonstrated expertise in developing comprehensive HR strategies across various business phases. His professional focus has centered on translating organizational strategy into robust HR processes, positioning him to lead Kajaria Ceramics' human resources function during this transition period. The appointment reflects the company's commitment to strengthening its senior management capabilities and optimizing organizational structure for enhanced operational efficiency. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. 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