Asian Granito India Ltd. Announces Allotment of Equity Shares Post Scheme of Arrangement
Asian Granito India Ltd. has approved the allotment of 6,45,63,636 Equity Shares of Rs. 10/- each, including 14 Equity Shares representing fractional entitlements, to the Equity Shareholders of Adicon Ceramica Tiles Private Limited. This allotment is pursuant to the sanctioning of the Scheme by the Hon’ble National Company Law Tribunal, Ahmedabad Bench. The Record Date for the purpose of determining the equity shareholders of Adicon Ceramica Tiles Private Limited to whom equity shares shall be issued is fixed as 05 March, 2026. Post Allotment, the Company's paid-up equity share capital stands increased from 2,31,91,16,490 to 296,47,52,850 divided into 29,64,75,285 fully paid-up equity shares having face value of Rs. 10/- each.
Key Highlights
- Asian Granito India Ltd. approves allotment of 6,45,63,636 Equity Shares of Rs. 10/- each
- Allotment pursuant to the sanctioning of the Scheme by the National Company Law Tribunal
- Record Date for determining equity shareholders fixed as 05 March, 2026
- Company's paid-up equity share capital increases post allotment
- Increased equity shares to be listed and traded on BSE Limited and the National Stock Exchange of India Limited