Asian Granito approves NPR 3.47 Cr capital contribution in Nepovit

Asian Granito India Limited has approved a capital contribution of NPR 3.47 Cr in its associate company, Nepovit Ceramic Private Limited (NCPL), to support project costs and working capital needs. The Administrative Committee of Asian Granito India Limited sanctioned the proposal on June 12, 2026. The investment involves a cash consideration of NPR 3,47,67,000, equivalent to up to INR 2.20 Crore, and will be executed at arm’s length.

The capital infusion is designated for NCPL, a foreign associate company based in Nepal incorporated on October 10, 2023. The funds are expected to facilitate the commencement of business operations. The business of NCPL aligns with the main operations of Asian Granito India Limited, and the transaction is anticipated to have a positive strategic impact on the company's consolidated operations.

Investment Details

The investment falls within the ambit of related party transactions as NCPL is an associate company. The company currently holds 25% of the share capital in NCPL, and this percentage will remain unchanged following the proposed investment. The cost of acquisition is set at NPR 100 per share.

Financial Overview of Nepovit Ceramic Private Limited

Particulars	Details
Name of Entity	Nepovit Ceramic Private Limited – Nepal (NCPL)
Country of Incorporation	Nepal
Date of Incorporation	10 October, 2023
Share Capital Size	NPR 26,09,32,000
Turnover (as on 31 March 2026)	NIL
Turnover (Last 3 Financial Years)	NIL

The company has previously invested NPR 6,52,33,000 in NCPL. No new entity acquisition is involved in this transaction, which represents an increase in capital contribution to the existing subsidiary.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.65%	+0.10%	-0.37%	-13.82%	-13.75%	-47.82%

Asian Granito India Limited has completed the distribution of proceeds from the sale of fractional shares to eligible shareholders pursuant to its Composite Scheme of Arrangement. The company's Audit Committee and Independent Directors certified on June 5, 2026, that the net sale proceeds were distributed proportionally to the shareholders of Adicon Ceramica Tiles Private Limited. This action follows the scheme becoming effective on March 1, 2026, after the National Company Law Tribunal sanctioned the arrangement.

The scheme involved the transfer of the tiles business from Adicon Ceramica Tiles Private Limited to Adicon Ceramics Limited. Shareholders of the demerged company were allotted shares in Asian Granito India Limited at an exchange ratio of 1060 equity shares for every 11 shares held. Fractional entitlements arising from this allotment were rounded up to 14 fully paid-up equity shares and allotted to a trustee appointed by the Board on March 5, 2026.

Dr. Dhruti Mahesh Trivedi, the Company Secretary and Compliance Officer, was appointed as the trustee to hold and sell these fractional entitlements. The consolidated shares were sold on June 3, 2026, at an average selling price of ₹60.50 per share. The gross proceeds generated from the sale amounted to ₹851.67, with deductions totaling ₹25.845 covering expenses and applicable taxes.

The following table details the financial breakdown of the transaction:

No. of shares sold	Average Selling Price (Rs. Per Share)	Gross Proceeds Generated	Deductions (Rs.)	Amount available for distribution to the eligible shareholders
14	60.50	851.67	25.845	825.8250

The trustee confirmed the completion of the disbursement to eligible shareholders on June 4, 2026. The distribution was made in proportion to the shareholders' respective fractional entitlements. The certifications by the Audit Committee and Independent Directors confirm compliance with Paragraph D of Part 1 of the SEBI Master Circular on Scheme of Arrangement by Listed Entities dated June 20, 2023, and Clause 10.3 of the scheme.