Kajaria Ceramics' Board of Directors has approved a series of financial decisions to support its subsidiaries.

The Board has agreed to raise the loan limit for Kerovit Global (KGPL), a step-down wholly-owned subsidiary, from Rs 90 crore to Rs 100 crore, along with providing a bank guarantee of up to Rs 20 crore in multiple tranches. Additionally, approval has been granted for an increase in the investment limit for Keronite Tiles (KTPL), a subsidiary of Kajaria Ceramics, from  Rs 65 crore to Rs 85 crore. This will be executed through subscription or acquisition of up to 90 percent shares in KTPL or by extending loans to the company. A bank guarantee of up to Rs 20 crore will also be provided to KTPL in one or more tranches

The board also sanctioned a new investment in Kajaria Adhesive (KAPL) amounting to Rs 16 crore, enabling Kajaria Ceramics to acquire up to 75 percent shares of KAPL, making it a subsidiary. This investment may be made through subscription, acquisition of shares, or loans in multiple phases to strengthen its adhesive business operations.

These strategic moves reflect Kajaria Ceramics' commitment to expanding its market presence and consolidating its position in the ceramic and construction materials sector.