Asian Granito India Limited — Important, 11-08-2025: General Updates

Asian Granito India Ltd (AGL) has announced a meeting for its secured creditors to consider and approve a Composite Scheme of Arrangement. This scheme involves a demerger with Adicon Ceramica Tiles Private Limited and Adicon Ceramics Limited. The company has completed dispatching notices for this meeting. This is a key step towards potentially simplifying its corporate structure and optimizing business operations, as creditors will vote on the proposed arrangement.