Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held today, commenced at 12.30 p.m. and concluded at 1.55 p.m., have, inter-alia, considered and Approved appointment of M/s Chandrasekaran Associates, Company Secretaries as the Secretarial Auditors of the Company for a period of five consecutive years commencing from F.Y. 2025-26 till F.Y. 2029-30, subject to approval of the members of the Company at the ensuing Annual General Meeting of the Company
KAJARIACER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 1.6 pts less than its Ceramics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kajaria Ceramics reported standalone FY25 revenue of Rs. 4,218.82 crores, up about 2.8% from Rs. 4,103.02 crores last year. However, standalone profit after tax fell sharply to Rs. 204.14 crores (from Rs. 381.45 crores) after booking a Rs. 112.38 crores exceptional charge for fully impairing its investment and loan in wholly-owned subsidiary Kajaria Plywood Pvt Ltd (KPPL), which is being shut down due to continued losses. Consolidated revenue grew to Rs. 4,635.07 crores with continuing-operations PAT of Rs. 348.31 crores. The Board recommended a final dividend of Rs. 4 per share, taking total FY25 dividend to Rs. 9 per share (vs Rs. 12 last year). It also dismantled an old line at the Sikandrabad plant, reducing capacity from 11.40 MSM to 8.80 MSM, withdrew a Rs. 30 crore investment proposal in Kajaria Ultima, and appointed new secretarial auditors for five years.
Short-term pain from the one-time KPPL impairment and a lower total dividend versus FY24 may weigh on sentiment, but the core tiles business remains profitable with single-digit revenue growth. Long-term, exiting the loss-making plywood venture and pruning unviable capacity should support cleaner, more focused earnings.