The board will also evaluate a proposal for the buyback of equity shares, subject to necessary statutory and regulatory approvals.
The company said it will authorise all related actions if the proposal is approved. Meanwhile, the trading window for dealing in its securities will remain closed until 48 hours after the outcome of the board meeting is disclosed.
Following the announcement, shares of Kajaria Ceramics were trading at ₹1,210.80, up 1.40% on the NSE in afternoon trade.
The development comes amid a broader uptick in share buyback activity across corporate India. Recently, Rolex Rings said its board would consider a buyback proposal, with its shares rising sharply thereafter.
Aurobindo Pharma has also launched a ₹800 crore buyback via the tender offer route, while Wipro last week announced a ₹15,000 crore buyback at a premium to market price.
Also Read: Aurobindo Pharma to launch ₹800 crore buyback at ₹1,475 per share from April 23
Buybacks, typically executed through tender offers, allow companies to repurchase shares from existing shareholders at a fixed price, often signalling confidence in cash flows while returning surplus capital to investors.
