ASI Industries Ltd — Important, 29-06-2026: Company Update

ASI Industries has incorporated a new subsidiary, ASI Steel & Energy Limited, holding 75% equity. This strategic move aims to explore opportunities in the Iron & Steel industry, specifically for setting up a TMT steel plant. This diversification is driven by limited expansion opportunities in ASI Industries' existing mining business and strong growth in infrastructure and steel demand. The initial investment by ASI Industries for its stake is INR 0.075 Cr. This marks a new growth path for the company.