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Kajaria Ceramics Limited - Outcome of Board Meeting

21 Jan 2022 , 12:00 AM

Kajaria Ceramics Limited followings 1. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31 2021 2. Investment in Kajaria Ultima Private Limited (KUPL), a company incorporated under the Companies Act 2013 upto Rs 210 crores in one or more tranches through subscription/ acquisition of equity shares of KUPL and or granting of unsecured loans to KUPL to make KUPL as a wholly owned subsidiary of the Company 3. Additional acquisition upto 2366520 equity shares of Rs 10 each of Cosa Ceramics Private Limited (Cosa), a subsidiary company at a consideration aggregating to Rs 20.83 crores subject to applicable laws 4. Additional 525000 options (equivalent to 525000 equity shares of Re 1 each of the Company) under Kajaria Ceramics Employee Stock Options Plan 2015 to the eligible employees, subject to approval of the shareholders of the Company and other applicable laws The Board of the Company has also considered about the investment by Kajaria Bathware Private Limited (KBPL) a wholly owned subsidiary (WoS) of the Company in Kerovit Global Private Limited (KGPL) a company incorporated under the Companies Act 2013 upto Rs 80 crores in one or more tranches through subscription/acquisition of equity shares of KGPL and/ or granting of unsecured loans to KGPL so as to make KGPL a WoS of KBPL We also enclose Investors Release dated January 21 2022 specifying the summary of financial performance and other developments for the quarter and nine months ended December 31 2021

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