Aro Granite Industries has approved the slump sale of its Jaipur Special Economic Zone (SEZ) business unit to United Stones Private Limited for a consideration of ₹67 crore. The Board of Directors sanctioned the deal on September 7, 2026, subject to shareholder approval through a postal ballot and clearance from regulatory authorities.

The transaction involves the disposal of the undertaking located at Mahindra World City in Jaipur, Rajasthan, on a going concern basis. The company stated the move aims to optimize its strategic portfolio, unlock trapped economic capital, and mitigate segment-specific risks. Proceeds from the sale will be allocated toward expanding high-margin core business verticals, reducing loan costs, and reinforcing general working capital.

Transaction Details

The buyer, United Stones Private Limited, is an independent third-party entity. The company confirmed that neither the buyer nor its promoters or key managerial personnel belong to Aro Granite’s promoter group. Consequently, the deal does not qualify as a related-party transaction under Section 188 of the Companies Act, 2013 or Regulation 23 of the SEBI LODR Regulations.

Financial Impact

The Jaipur SEZ unit contributed ₹11.96 crore in revenue during the last financial year, accounting for 16.27% of the company’s total consolidated turnover of ₹73.51 crore. As of March 31, 2026, the asset book value of the unit stood at ₹48.19 crore, representing 27.70% of the company’s audited net worth of ₹173.94 crore.

Because the investment exceeds 20% of the company’s net worth, the proposed sale falls under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI LODR Regulations. This necessitates a special resolution from shareholders via postal ballot, including compliance with special public voting thresholds.

What the Numbers Show

The disparity between the revenue contribution and the asset base highlights the capital-intensive nature of the disposed unit. While the Jaipur facility generated only 16.27% of total turnover, it accounted for 27.70% of the company’s net worth. Selling this segment allows Aro Granite to divest a disproportionately large asset base relative to its top-line contribution, potentially improving overall capital efficiency.

Aro Granite Industries has issued letters to shareholders who do not have registered email addresses, providing a web-link to access the Annual Report for FY26 and the Notice of its 38th Annual General Meeting (AGM). This action ensures that all members can access critical corporate governance documents ahead of the meeting scheduled for September 11, 2026. The disclosure addresses regulatory compliance while highlighting the importance of updated KYC details for dividend entitlements.

The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on August 11, 2026. Specifically, the letters were sent in accordance with Regulation 36(1)(b), which mandates that companies provide web-links to annual reports and AGM notices for shareholders lacking registered email IDs with the company, Registrar and Share Transfer Agent (RTA), or Depository Participants (DPs). The specimen letter, signed by Company Secretary Ayush Goel, directs recipients to the company’s website at https://www.arotile.com/annual_reports.html .

Key Dates and Procedures

The Register of Members and Share Transfer Books will remain closed from September 5, 2026, to September 11, 2026, inclusive, as per Section 91 of the Companies Act, 2013. This closure prevents changes in shareholding records during the period leading up to the meeting. Shareholders holding shares in physical or dematerialized form as of the cut-off date, September 4, 2026, are eligible to vote. The remote e-voting window opens on September 8, 2026, at 10:00 A.M. (IST) and closes on September 10, 2026, at 5:00 P.M. (IST).

KYC Compliance and Dividend Entitlements

The notice also serves as a reminder regarding SEBI requirements effective April 1, 2024. Shareholders holding shares in physical form whose folios lack updated PAN, KYC details, or nomination choices are eligible to receive dividends only through electronic mode. The company urges these shareholders to update their KYC and submit required documents to their respective DPs or the RTA at info@alankit.com . For queries, demat holders should contact their DPs, while physical folio holders may reach out to the company at investorgrievance@arotile.com .

What the Numbers Show

The procedural focus of this filing underscores Aro Granite Industries’ adherence to SEBI’s e-communication norms. By explicitly citing Regulation 36(1)(b), the company ensures transparency for shareholders who may otherwise miss digital communications. The emphasis on KYC updates highlights a broader regulatory push toward digitization and financial inclusion, ensuring that dividend distributions are seamless and compliant. For investors, this reinforces the need to maintain accurate records with intermediaries to avoid disruptions in benefit realization.