Kajaria Ceramics Limited — Investor Meet, 27-12-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kajaria Ceramics held a conference call to discuss a fraud of approximately INR 20 Cr at its subsidiary, Kerovit Global Pvt. Ltd. The fraud involved the subsidiary's CFO creating fake vendors and forging signatures to siphon funds, primarily from capex related to a new sanitary plant. While INR 60 lakh has been recovered, full recovery is uncertain. This lapse was identified through the company’s "Kajaria 2.0" and "Operation Manthan" initiatives, which have concurrently driven over INR 150 Cr in annualized cost savings. Management is implementing stringent, watertight systems across all operations to ensure such incidents are prevented, aiming for a robust, system-based organization. A police complaint has been filed, and the amount will be treated as an exceptional expenditure.