Asian Granito Invests ₹2.2 Cr in Nepovit Ceramic

Asian Granito India Ltd's Administrative Committee has approved a capital contribution of up to INR 2.20 Crore (NPR 3,47,67,000) in its foreign associate company, Nepovit Ceramic Private Limited (NCPL) in Nepal. This investment is intended to cover project costs and working capital requirements for NCPL to commence operations. The transaction is considered a related party transaction as NCPL is an associate company, but it is being conducted at arm's length. Asian Granito's shareholding in NCPL will remain at 25% post-investment. The business of NCPL aligns with Asian Granito's core ceramic industry operations and is expected to positively impact consolidated operations.