Kajaria Ceramics Limited ( KPPL ), a wholly-owned subsidiary of the Company, has accorded their approval to make investment upto Rs. 35 crores in Shri Vinayak Ply Industries Private Limited ( SVPL), by way of subscribing/acquiring securities of SVPL and/or granting loan to SVPL, in tranches, subject to applicable laws. SVPL will become a subsidiary of KPPL, on completion of subscription/acquisition of securities of SVPL