Kajaria Ceramics Limited has announced the incorporation of a wholly-owned subsidiary, K.R. Industries Private Limited (KIPL), by its joint venture, Kajaria Ramesh Tiles Limited (KRTL), in Nepal. This strategic move aims to bolster the business operations of KRTL.
KIPL, established under the Companies Act, 2006 of Nepal, has an authorised and paid-up capital of ₹1.25 crore. As a newly incorporated entity, KIPL currently reports no turnover. The subsidiary was formed on 2nd April 2026, with the objective of supporting and continuing the business activities of its holding company, KRTL.
Kajaria Ramesh Tiles Limited, a joint venture of Kajaria Ceramics, holds 100% ownership of KIPL. Consequently, Kajaria Ceramics indirectly holds a 50% stake in KIPL through its 50% equity shareholding in KRTL.
The establishment of KIPL does not involve any related party transactions, as it is a wholly-owned subsidiary formed by KRTL. The incorporation process was completed without the need for any governmental or regulatory approvals.
The financial commitment towards KIPL involves a cash consideration of ₹62.5 lakh, corresponding to Kajaria Ceramics' 50% shareholding in KRTL.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).