Asian Granito India Limited — Board Meeting, 02-07-2025: Outcome of Board Meeting

Asian Granito India has announced a board meeting outcome approving the allotment of 8.49 crore new equity shares post its composite scheme of arrangement involving multiple group entities. This raises the paid-up equity capital from ₹147 Cr to ₹232 Cr through issuance of new shares at ₹10 face value. The scheme dissolves AGL Industries Limited, transferring its subsidiaries under Amazoone Ceramics Limited, which remains a wholly owned subsidiary. The fresh shares will be credited to investors’ demat accounts and are set to be listed on BSE and NSE, enhancing the company’s capital base.