Asian Granito India Limited — JV/Acquisition, 03-12-2025: Acquisition

Asian Granito India is set to acquire a 26% stake in Allomex Steel Private Limited (ASPL) for Rs. 26,000. This strategic move aims to diversify into related building materials, specifically SS Steel manufacturing. ASPL, a newly incorporated entity, is expected to complement Asian Granito's existing project customer base and leverage its supply chain network. The acquisition strengthens the company's position in the building materials sector, accelerating long-term growth by expanding its product portfolio. This modest investment marks a step towards broader market presence.