Postal Ballot Notice Buyback of Equity Shares of Kajaria Ceramics Limited
KAJARIACER · price
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Kajaria Ceramics Limited has announced a buyback of up to 21,50,000 equity shares (1.35% of paid-up capital) at Rs. 1,380 per share, for a total consideration not exceeding Rs. 296.70 crores. The buyback price represents a premium of approximately 42.7% over the 3-month volume weighted average market price. The buyback will be conducted through the Tender Offer route on a proportionate basis, with 15% reserved for small shareholders. Promoters have indicated they will not participate in the buyback. Shareholders can vote on this special resolution through remote e-voting from May 24 to June 22, 2026.
The buyback offers shareholders a significant premium exit opportunity at Rs. 1,380 per share, which could provide immediate returns. Participation is optional, and non-participating shareholders may see their percentage holding increase post-buyback.