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Kajaria Ceramics Ltd.

BSE: 500233 | NSE: KAJARIACER |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE217B01036 | SECTOR: Ceramics & Granite

BSE Live

Sep 27, 16:00
1226.30 -17.90 (-1.44%)
Volume
AVERAGE VOLUME
5-Day
29,017
10-Day
154,476
30-Day
65,337
57,646
  • Prev. Close

    1244.20

  • Open Price

    1260.00

  • Bid Price (Qty.)

    1226.70 (100)

  • Offer Price (Qty.)

    1226.70 (1)

NSE Live

Sep 27, 15:58
1227.65 -14.50 (-1.17%)
Volume
AVERAGE VOLUME
5-Day
485,245
10-Day
351,540
30-Day
438,673
546,725
  • Prev. Close

    1242.15

  • Open Price

    1262.70

  • Bid Price (Qty.)

    1227.65 (200)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Kajaria Ceramics
YEAR                       EVENTS
 1985 - The Company was incorporated on 20th December at Kanpur.  It
        manufactures glazed and unglazed wall & floor tiles.  The
        company obtained the certificate of commencement of business
 on
        20th January 1986.  It was promoted by Shri Ashok Kumar
 Kajaria,
        his associate and Kajaria Exports Ltd.
 
      - The Company entered into a technical colloboration agreement
 with
        Todagres S.A., Spain for the manufacture of ceramic glazed
 wall &
        floor tiles.
 
      - The agreement provides for supply of technical know-how and
        manufacturing assistance necessary design, drawings,
        specifications and also train the company's personnel and
 provide
        technical assistance for the setting up of the plant.
 
      - The company undertook a project to set up a plant for the
        manufacture of 12,000 tpa of ceramic glazed wall/floor tiles
 in
        various shades.  The plant is located on a plot of 17.5 acres
        acquired from UPSIDC at Sikandrabad Industrial Area in
        Bulandshahr district of U.P. main plant and machinery was
        supplied by Sacmi Imola and Omis Due SPA of Italy.
 
      - Three D.G. sets of a total capacity of 835 KVA were installed
 to
        meet contingent power requirement.
 
      - The company has an obligation to export 25% of the production
 for
        a period of 5 years from the date of commercial production. 
 It
        was hopeful of meeting the export requirement with the help
 of
        the promoter company, Kajaria Exports, Ltd.
 
      - The company received the necessary registration for the
 expansion
        of the installed capacity from 12,000 tpa to 26,000 tpa.
 
 1987 - 700 shares subscribed for by the signatories to Memorandum of
        Association.  53,32,700 shares then issued at par of which
 the
        following were reserved for allotment:
 
      - (i) 23,32,700 shares to promoters, Indian resident directors,
        etc. (incl. 7,50,000 shares to Kajaria Exports Ltd.):
 
      - (ii) 8,00,000 shares on repatriation basis to NRIs and NRI
        Companies owned predominantly by NRIs.  
 
      - Out of the remaining 22,00,000 shares, the following were
        reserved for preferential allotment:
 
      - (i) 2,66,600 shares to employees, Indian working directors,
        workers of the Company and employees of the Kajaria Exports
 Ltd. 
        (only 11,400 shares taken up) and
 
      - (ii) 5,00,000 shares to NRIs on repatriation basis only 39,600
   
        shares taken up).  The balance 14,33,400 shares, along with
        unsubscribed 17,15,600 shares of preferential quotas, were
        offered to the public in September 1988.  Additional 8,00,000
        shares allotted to retain over-subscription.
 
 1989 - The company maintained an average capacity utilisation of
 120%.
        The company started exporting tiles to the Gulf countries,
        Europe and Bangladesh.  New range of tiles were introduced in
 the
        market.  Various new designs and prints were introduced in
 the
        market.
 
      - The expansion programme was on the verge of completion and
        production at the expanded capacity was expected to commence
 in
        June, 1990.
 
      - During August/September, the company offered 3,22,000-14%
 secured
        fully convertible debentures of Rs. 100 each for cash at par.
        Out of these 3,06,670 debentures of Rs. 100 each were offered
 on
        Rights basis to the existing shareholders in the prop. 5
        debentures: 100 Equity shares (all were taken up).
        Simultaneously, 15,330 debentures of Rs. 100 each were offered
 to
        the employees and Indian working directors of the Company on
 an
        equitable basis (only 785 debentures were taken up).
 
      - Additional 31,455 debentures along with the unsubscribed
 portion
        of 14,545 debentures from employees quota were allotted at
 the
        discretion of the directors.
 
      - As per the terms of issue, part `A' of Rs. 40 of each
 debenture
        was converted at par into four equity shares of Rs. 10 each
 at
        the end of six months from the date of allotment of the
        debentures.  Accordingly 14,13,820 shares were issued.  The 
        remaining part of Rs. 60 was converted into 3.53 number of
 equity
        shares of Rs. 10 each at a premium of Rs. 7 per share on 15th
        December, 1991.
     
 1990 - A further expansion of installed capacity from 26,000 MT to
        40,000 MT was being implemented.
 
      - 14,13,820 shares allotted at par in conversion of debentures
        (Part `A').
 
 1991 - The company was awarded CAPEXIL special exports award for the
        year 1992 for being the largest exporter of ceramic tiles
 from
        the country.
 
      - The company proposed a further expansion of the installed
        capacity to 60,000 MT.
 
      - 12,47,696 shares allotted (prem. of Rs. 7 per share; prop. 1
 deb:
        3.53 shares) in conversion of deb. (Part `B').
 
 1993 - The company proposed a further expansion of the installed
        capacity to 1,30,000 MT with the support of technical
        collaborators M/s. Todagres SA of Spain.
 
      - During July, the company issued 21,98,729 - zero interest
        unsecured fully convertible debentures of Rs. 70 each at par
 on
        Rights basis in the proportion of 1 debenture: 4 equity
 shares
        held.
 
      - Another 5,49,671 - zero interest unsecured fully convertible 
        debentures of Rs. 70 each at par were issued on preferential
        basis to promoters, directors and their friends, including
 group
        companies.
 
      - Each debenture of Rs. 70 will be converted into 2 equity
 shares
        of Rs. 10 each at a premium of Rs. 25 per share on expiry of
 9
        months from the date of allotment or on 1st April, 1994,
        whichever is earlier.
 
 1994 - During the year the company successfully launched wall tiles 
        manufactured with single firing technology which was well
        accepted in the market.
 
      - The company proposed to issue 2,00,000 - 14% Non-Convertible
        debentures of Rs. 100 each at par to financial
        institutions/Mutual funds on private placement basis.
 
      - 54,96,800 No. of equity shares allotted on conversion of Zero
        Interest Unsecured fully convertible debentures.
 
 1995 - 4,25,000 No. of equity shares allotted to IFCI in terms of
        exercise of conversion option under loan agreement.
 
 2003
 
 -The Members approved the of Mr. Rishi Kajaria as Director on the
 Board and ratification of re-appointment of Mr D.D.Rishi in the
 capacity of Jt.Managing Director of the Company for a period of 5
 years and volunatry delisting of equity shares from U P Stock
 Exchange Association Ltd.,Delhi Stock Exchange Association Ltd. and
 Calcutta Stock Exchange Association Ltd.
 
 -Kajaria Ceramics Ltd has informed that the securities of the company
 have been delisted from the Delhi Stock Exchange Association Ltd w.e.f
 December 10, 2003.
 
 2004
 
 -Kajaria Ceramics Ltd has informed that consequent upon acquisition
 of R&TA Division of M/s Computech International Limited by M/s MCS
 Limited, the Registrar & Transfer Agent of the Company stands changed
 from M/s Computech International Ltd to M/s MCS Limited. The change of
 the same has been approved by the Board of Directors in their meeting
 held on December 26, 2003. The address, telephone numbers etc of the
 new Registrar & Share Transfer Agent are as follows : M/s MCS
 Limited, W-40, Okhla Industrial Area, Phase-II, New Delhi 110020;
 Phone: 011-26384909, 910, 911; E-mail: mcsdel@vsnl.com.
 
 -Commenced the commercial production of its additional capacity of 2
 million sq mtr per annum on February 27, 2004, with an investment of
 Rs.340 million at Gailpur Plant. With this expansion, the aggregate
 capacity of the company has become 14 million sq.mtr per annum.
 
 2005
 
 -Kajaria Ceramics has lined expansion plans for the east with
 showrooms slated to open in Guwahati, Ranchi and Bhubaneswar.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2006
 
 -Kohler India Corp and Kajaria Ceramics have appointed Starcom
 MediaVest Group, as the media agency.
 
 -Kajaria Ceramics Ltd has informed that the Company has successfully
 commenced the commercial production of its additional capacity of
 wall tiles of 8.4 million sq mtr per annum.
 
 2007
 
 -Kajaria Ceramics Ltd has informed that the Company has designated a
 separate e-mail ID i.e. investors@kajariaceramics.com for the purpose
 of registering complaints by investors and to take necessary
 follow-up
 
 
 2010
 
 -Kajaria Ceramics, the tiles manufacturer, has entered into an
 agreement with Gas Authority of India Ltd. (GAIL) in order to supply
 of regasified liquefied natural gas (RLNG) for its Gailpur plant
 (Rajasthan).
 
 
 2011
 
 -Kajaria Ceramics Ltd  has entered into a MOU with M/s Eczacibasi
 Yapi Gerecleri A.S., (Eczasibasi) a turkey based manufacturer of
 various products including the Sanitary ware and CP Fittings under
 the Brand name of VitrA which they intend to market in India.
 
 -Kajaria Cerm - Kajaria Ceramics Acquires 51% stake in Soriso
 Ceramic.
 
 
 2012
 
 -Kajaria Ceramics Acquires 51% stake in Jaxx Vitrified.
 
 -Mr. H Rathnakara Hegde has been appointed as an Additional Director
 (Independent Director) on the Board of the Company.
 
 2013
 
 -Kajaria has recommended a Dividend of 150% (Rs. 3.00 per equity
 share of Rs. 2 each) for the financial year ended March 31, 2013.
 
 2014
 
 -Kajaria has recommended a Dividend of 175% (Rs. 3.50 per equity
 share of Rs. 2 each ) for the financial year ended March 31, 2014
 
 2015
 -Change of Registered Office of the Company.