Kajaria Ceramics Limited — Others, 04-02-2025: Appointment

Kajaria Ceramics Limited has announced a board meeting to discuss various significant updates. Key approvals include the unaudited financial results for the quarter and nine months ended December 31, 2024, revealing a revenue from operations of ₹1,049.65 crore, with a net profit after tax of ₹79.55 crore. The board also approved an increase in loan limits to Kerovit Global Private Limited from ₹90 crore to ₹100 crore and to Keronite Tiles Private Limited from ₹65 crore to ₹85 crore. Additionally, an investment of ₹16 crore in Kajaria Adhesive Private Limited is aimed at establishing a manufacturing facility, while the company will enhance its stake in Kajaria Ramesh Tiles Limited from 50% to 51%. The appointment of Mrs. Ambika Sharma as an Independent Director for five years was also approved. This strategic expansion could foster growth and enhance operational efficiency, potentially boosting investor confidence with a positive outlook on Kajaria's market position.