Asian Granito India Limited — JV/Acquisition, 12-11-2025: Acquisition

Asian Granito's Board has approved key strategic moves. The company will inject further capital into Harmony Surfaces Thailand Limited, its wholly-owned subsidiary, to bolster international presence and support business expansion in Thailand. This investment aims to fund working capital for HSTL's operations, with Asian Granito retaining its 100% stake, anticipating a positive impact on consolidated operations. Separately, the company is divesting a 25% shareholding in AGL Proteins Private Limited for Rs. 25,000, reducing its stake from 51% to 26% and reclassifying it as an associate company.