Kajaria Ceramics appoints new leadership, boosts adhesive subsidiary investment
Kajaria Ceramics Limited has announced key leadership appointments and increased investment in a subsidiary. The board has appointed Ashok Kajaria as chairman, Chetan Kajaria as vice chairman, and Rishi Kajaria as managing director, all for five-year terms from October 1, 2025, to September 30, 2030, subject to shareholder approval. Ashok Kajaria is the father of Chetan and Rishi Kajaria, who are brothers.
Additionally, the company will increase its investment limit in Kajaria Adhesive Private Limited (KAPL) from INR 16 crores to INR 23 crores. This will be achieved through subscribing to or acquiring KAPL shares and/or providing loans and financial assistance of INR 6 crores for working capital. KAPL, a subsidiary that is 75% owned by Kajaria Ceramics, is establishing a manufacturing facility for adhesives for tiles in Erode, Tamil Nadu, to enhance its product offerings. The investment is considered a related party transaction and has received prior approval from the audit committee.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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