Asi Industries has incorporated a new subsidiary, ASI Steel & Energy Limited, to diversify its operations into the iron and steel sector. The subsidiary was established in Mumbai, Maharashtra, on June 26, 2026, to explore opportunities for setting up a TMT steel plant. This strategic expansion aims to leverage the growth in the infrastructure industry and the rising demand for iron and steel products, as opportunities for expansion in the company's existing main business of mining and processing Kotah Stone are limited.

The Board of Directors decided to enter the iron and steel industry to drive future growth. The newly incorporated entity is classified as a related party transaction since it is a subsidiary of Asi Industries. The company has subscribed to 75% of the equity share capital of ASI Steel & Energy Limited, while the promoter group holds the remaining 25% stake.

Investment and Shareholding Details

The initial investment for the acquisition is INR 7,50,000. The subscription to the share capital was made in cash, involving 75,000 equity shares of INR 10 each at par. The Certificate of Incorporation was uploaded on the portal of the Ministry of Corporate Affairs (MCA) on June 26, 2026, at 19:03 hours IST. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The subsidiary has not yet commenced business operations, and no specific governmental or regulatory approvals were required for its incorporation. The acquisition process has been completed.

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 This blackout period is standard practice to maintain market integrity and prevent the misuse of unpublished price-sensitive information.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.