Asian Granito India Limited — Others, 06-08-2025: Monitoring Agency Report

Asian Granito India's Monitoring Agency report confirms Rights Issue funds are utilized as per shareholder-approved altered objects. Capital expenditures for Future Ceramics and AGL Sanitaryware, totaling over 218 Cr, are fully utilized and commissioned, despite nine-month delays. General Corporate Purpose funds of 94.75 Cr are fully used. However, the Ahmedabad Display Centre project, which saw 69 Cr deployed in advances, faces significant 12-month delays and no material progress due to contractor issues and property identification. The 5 Cr for the Stock Point is also delayed. Remaining unutilized funds are held in fixed deposits.