Asian Granito India Limited — Others, 29-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Asian Granito India Limited has announced a board meeting to discuss the Statement of Deviation or Variation regarding its Rights Issue, following the funds raised of ₹440.96 crore. As of December 31, 2024, variations in fund utilization align with shareholder-approved changes from March 30, 2023, particularly for capital expenditures across various new subsidiaries. The audit committee and auditors have no comments, indicating transparency in operations. This update may create a positive outlook among investors as it reflects strategic adaptability in fund deployment while maintaining compliance with shareholder interests.