Asian Granito India Ltd: Final Monitoring Agency Report for Rights Issue Proceeds

Asian Granito India Ltd has submitted its final Monitoring Agency Report for the quarter ended September 30, 2026, prepared by ICRA Limited. The report, pursuant to SEBI regulations, confirms no material deviation in the utilization of rights issue proceeds. The utilization was different from the original objects but aligned with changes approved by shareholders. The total issue size was ₹440.96 Crore, with net proceeds of ₹422.17 Crore after expenses. ICRA Limited, as the Monitoring Agency, has declared that the report provides an objective view based on provided information and does not perform an audit or independent verification.