Asi Industries Limited has closed its trading window for Designated Persons, their Immediate Relatives, and Connected Persons effective Wednesday, July 1, 2026. This measure is implemented to ensure compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct. The restriction aims to prevent insider trading during the period leading up to the announcement of financial results.

The trading window will remain closed until 48 hours after the company announces its unaudited financial results for the quarter ended June 30, 2026. This blackout period is standard practice to maintain market integrity and prevent the misuse of unpublished price-sensitive information. The specific date for the Board Meeting, where the financial results will be declared, has not yet been finalized and will be intimated in due course.

Manish Prakash Kakrai, Company Secretary & Compliance Officer of Asi Industries Limited, confirmed the closure in a regulatory filing submitted to BSE Limited. The filing explicitly references the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and the company's Code of Conduct to Regulate, Monitor and Report Trading by Insiders.

The closure affects all individuals designated under the company's compliance framework, ensuring that no insider trading activities occur during the sensitive period surrounding the financial results announcement. The company has requested the exchange to treat this communication as formal compliance with the applicable regulations.

Asi Industries Limited has received board approval to incorporate a new subsidiary, ASI Steel and Energy Limited, to establish a TMT steel plant. The decision aims to diversify the company's operations beyond its existing main business of mining and processing Kotah Stone, which the board identified as having limited expansion opportunities. The move is driven by the growth in the infrastructure industry and the rising demand for iron and steel products.

The board meeting was held on June 17, 2026, where the directors approved the proposal to subscribe to the share capital of the new entity in cash. Asi Industries will hold a 75% stake in the proposed subsidiary, while the promoters or persons belonging to the promoter group of Asi Industries will hold the remaining 25%. Consequently, upon incorporation, the new entity will be classified as a related party of the company.

The initial investment for the incorporation is capped at ₹7.5 lakh. Asi Industries will subscribe to 75,000 equity shares of ₹10 each at par, constituting its 75% shareholding. The subsidiary will operate within the iron and steel sector, specifically focusing on setting up a TMT steel plant. The company stated that no specific governmental or regulatory approvals are required beyond those of competent authorities, if necessary.

Details of the Proposed Subsidiary

The disclosure regarding the incorporation is based on the board approval, but the actual formation of the subsidiary remains subject to the approval of competent authorities.