Postal Ballot Notice - Buyback of Equity shares of Kajaria Ceramics Limited
KAJARIACER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kajaria Ceramics Limited has announced a buyback of up to 21,50,000 equity shares (1.35% of total paid-up capital) at Rs. 1,380 per share through a tender offer route. The maximum buyback size is Rs. 296.70 crores, representing 9.87-10.27% of the company's paid-up capital and free reserves as per audited FY26 financials. The buyback price offers a premium of approximately 42.7% over the 3-month volume weighted average market price and 14.5% over the closing price on the intimation date (April 22, 2026). The company states the buyback aims to return surplus cash to shareholders, optimize returns, and enhance overall shareholder value. Promoters and promoter group members have confirmed they will not participate in the buyback. Shareholders can vote on this special resolution via remote e-voting from May 24 to June 22, 2026.
Shareholders who tender their shares will receive a 42.7% premium over recent market prices, which is significantly above typical buyback premiums. This is positive for minority shareholders wanting to exit at a premium, while those who hold will see increased ownership percentage post-buyback.