Kajaria Ceramics has announced a final dividend of Rs. 4 per share, pending shareholder approval at the AGM. This brings the total dividend for the year to Rs. 9 per share, including the Rs. 5 interim already paid (total payout Rs. 143.34 Cr), down from Rs. 12 last year. The company is winding down its subsidiary Kajaria Plywood due to ongoing losses, resulting in a Rs. 112.38 Cr impairment. Shareholders should note the lower overall dividend and strategic focus shift.