ASIAN GRANITO INDIA LTD.

Asian Granito India Ltd (AGIL) has filed a report from its Audit Committee and Independent Directors, certifying the distribution of proceeds from fractional shares arising from a Composite Scheme of Arrangement. The scheme, effective March 1, 2026, involved the demerger of Adicon Ceramica Tiles Private Limited into Adicon Ceramics Limited, with AGIL as the resulting company. Shareholders of the demerged entity were allotted AGIL shares based on a set ratio. Fractional shares were consolidated, and the proceeds from their sale by a nominated trustee will be remitted to AGIL after deducting taxes and expenses, as per SEBI guidelines.

Asian Granito India Ltd (AGL) reported a net profit of ₹18.74 crore for FY26, an 89.69% increase YoY. Revenue from operations increased by 8.60% to ₹1,858.06 crore. EBITDA grew by 15.38% to ₹120.42 crore, with the EBITDA margin improving to 6.48%. The company's performance was driven by strong domestic demand and improved operational efficiencies.

Asian Granito India Ltd. announced the opening of its trading window for dealing in the company's securities. This follows the closure of the trading window announced on March 26, 2026. The trading window will open 48 hours after the announcement of the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, which were considered at the Board Meeting held on May 30, 2026.

Asian Granito India Ltd's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. They also approved the sale of the company's 26% equity stake in AGL Proteins Private Limited and Allomex Steel Private Limited to AGL Industries Limited, a wholly-owned subsidiary. The transactions are related party transactions and will be conducted at arm's length based on a valuation report. AGL Proteins' turnover was ₹32.11 Cr (1.73%) and net worth ₹0.25 Cr (0%). Allomex Steel's turnover and net worth were ₹0. The sales are expected to complete within one month of approval, with consideration of ₹6,63,000 for AGL Proteins and ₹26,000 for Allomex Steel.

Asian Granito India Ltd has divested its entire 26% equity stake in AGL Proteins Private Limited and Allomex Steel Private Limited to AGL Industries Limited, a wholly-owned subsidiary. AGL Proteins' turnover was ₹32.11 Cr (1.73% of total) and net worth was ₹0.25 Cr. Allomex Steel's turnover and net worth were both ₹0. The sale consideration for AGL Proteins was ₹6,63,000 and for Allomex Steel was ₹26,000. The transactions are related party transactions and conducted at arm's length based on a valuation report.

Asian Granito India Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026.

Asian Granito India Ltd reported a deviation in the utilization of funds raised through its Rights Issue, as per Regulation 32 of SEBI guidelines. The report, dated March 31, 2026, reveals variations from the original object clause of the offer letter dated April 6, 2022, which was approved by shareholders on March 30, 2023. Notably, ₹32.17 Cr allocated for AGL Surfaces Pvt. Ltd. and ₹37.23 Cr for a Display Centre at Morbi were unutilized. A change in vendor for the Ahmedabad Display Centre led to a new agreement worth ₹73.80 Cr, with project implementation yet to commence. The total amount raised through the Rights Issue on May 10, 2022, was ₹440.96 Cr.

Asian Granito India Ltd has submitted a Monitoring Agency Report by ICRA Limited, dated May 12, 2026, regarding the utilization of proceeds from its Rights Issue for the quarter ended March 31, 2026. The report, prepared as per SEBI regulations, states that there was no material deviation from the objects of the issue, with utilization in line with shareholder-approved changes. ICRA clarifies that the report does not comment on the quality, appropriateness, or outcome of the spending.

Asian Granito India Ltd's Board of Directors has approved the re-appointment of Mr. Maganlal Prajapati and Mr. Kandarp G. Trivedi as Independent Directors for a second term of five consecutive years. Mr. Prajapati's term will commence from May 26, 2026, and Mr. Trivedi's from June 26, 2026. These re-appointments are contingent upon approval by the company's members through a Special Resolution via Postal Ballot. The company confirmed that both directors are not debarred from holding office by any regulatory authority. Mr. Prajapati is an academician with over 37 years of experience in statistics, while Mr. Trivedi is a Chartered Accountant with over 22 years of experience in finance, audit, and governance.

Asian Granito India Ltd has received listing and trading approval from BSE Limited and National Stock Exchange of India Limited for 6,45,63,636 Equity Shares of Rs. 10/- each. These shares were issued pursuant to the approval of Composite Scheme of Arrangement amongst Asian Granito India Limited, Adicon Ceramica Tiles Private Limited, and Adicon Ceramics Limited and their respective Shareholders and Creditors. The trading approval was received on 08th April 2026.