The Board of Directors of Kajaria Ceramics Limited has appointed Mr. Ashok Kajaria as the Chairman of the Company, effective October 1, 2025. The decision was made at a board meeting held today, September 29, 2025. The appointment is subject to the approval of the members of the Company and is for a term of 5 years, concluding on September 30, 2030.
In addition to this key appointment, the board also approved the appointment of Mr. Chetan Kajaria as the Vice Chairman and Mr. Rishi Kajaria as the Managing Director, both for a term of 5 years effective October 1, 2025, until September 30, 2030. These appointments are also subject to member approval.
Furthermore, the board approved an increase in the investment limit in Kajaria Adhesive Private Limited (KAPL), a subsidiary company, from ₹16 Crores to ₹23 Crores. This increase will facilitate the subscription or acquisition of shares in KAPL and/or the granting of loans to KAPL. Additionally, the board approved providing financial assistance of ₹6 Crores towards the working capital requirements of KAPL.
Key Appointments
Mr. Ashok Kajaria: Appointed as the Chairman of the Company. He has completed the age of 78 years and wishes to delegate his major responsibilities to Mr. Chetan Kajaria and Mr. Rishi Kajaria. The appointment is effective from October 1, 2025, to September 30, 2030, subject to approval of the members of the Company. Mr. Ashok Kajaria is the founding Chairman & Managing Director of the Company, holds a Bachelors in Science (B.Sc.) degree and pursued Engineering (BSME) at UCLA (California), USA. He is widely credited with spearheading a transformation of the tile industry in India and is best known for being the pioneer behind launching large format wall tiles in the country and his catalytic role in revolutionising tile display and marketing. Mr. Ashok Kajaria is father of Mr. Chetan Kajaria and Mr. Rishi Kajaria.
Mr. Chetan Kajaria: Appointed as the Vice Chairman of the Company. The appointment is effective from October 1, 2025, to September 30, 2030, subject to approval of the members of the Company. Mr. Chetan Kajaria is a Bachelor in Petro Chemical Engineering (BE) from Pune University and an MBA from Boston College, US. He started his journey at Kajaria Ceramics in the year 2000 and has been instrumental in providing a new dimension to the company by opening international-standard tile showrooms across the country, which have become an industry trend today. Mr. Ashok Kajaria is father of Mr. Chetan Kajaria. Mr. Chetan Kajaria is brother of Mr. Rishi Kajaria.
Mr. Rishi Kajaria: Appointed as the Managing Director of the Company. The appointment is effective from October 1, 2025, to September 30, 2030, subject to approval of the members of the Company. Mr. Rishi Kajaria holds a B.Sc. in Business Administration from Boston University, U.S.A. Mr. Rishi Kajaria joined Kajaria Ceramics in the year 2003 and spearheads the vitrified tile vertical. Mr. Ashok Kajaria is father of Mr. Rishi Kajaria. Mr. Rishi Kajaria is brother of Mr. Chetan Kajaria.
Investment in Kajaria Adhesive Private Limited (KAPL)
The board approved an increase in the investment limit in KAPL from ₹16 Crores to ₹23 Crores. Additionally, financial assistance of ₹6 Crores will be provided for working capital requirements.
| Particulars | Details |
|---|---|
| Name of the target entity | Kajaria Adhesive Private Limited |
| Turnover (As on 31.03.2025) | ₹0 |
| Loss After Tax (As on 31.03.2025) | ₹0.07 Crores |
| Proposed Investment Increase | ₹16 Crores to ₹23 Crores |
| Additional Financial Assistance | ₹6 Crores |
| Percentage of shareholding/control acquired and/or number of shares acquired | Presently, the Company holds 75% shares of KAPL. |
| Products/line of business | Manufacturing of Adhesives for Tiles |
| Date of incorporation | January 31, 2024 |
| Country in which KAPL has presence | India |
The board also confirmed that Mr. Ashok Kajaria is not debarred from holding the office of Director pursuant to any SEBI order or any other such authority, as per the circulars of the BSE Limited and the National Stock Exchange of India Limited.
Details pursuant to Regulation 30 of the Listing Regulations are given in Annexure-D.
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