
Divestment7 Sept 2026, 03:45 pm
Aro Granite Sells Jaipur Business Unit for ₹67 Cr
AI Summary
Aro Granite Industries Ltd has approved the sale of its business unit located in Mahindra World City, Jaipur, Rajasthan, for a consideration of ₹67.00 Crores via a Slump Sale. The unit contributed ₹11.96 Crore (16.27%) to the consolidated annual turnover of ₹73.51 Crore and had an asset book value of ₹48.19 Crore as of March 31, 2026, representing 27.70% of the company's net worth. The buyer is M/s United Stones Private Limited, an independent third-party entity. The transaction requires shareholder approval via postal ballot and other stakeholder consents. The Board meeting where this was approved commenced at 02:30 P.M. and concluded at 03:40 P.M. on September 07, 2026.
Key Highlights
- Board approves sale of Jaipur business unit for ₹67 Cr.
- Unit contributed 16.27% of annual consolidated turnover.
- Asset book value of the unit was ₹48.19 Cr.
- Buyer is independent third-party, United Stones Private Limited.
- Transaction subject to shareholder and regulatory approvals.
Price Impact
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