Asian Granito India Ltd completed the disposal of its entire 26% equity stake in AGL Proteins Private Limited and Allomex Steel Private Limited to AGL Industries Limited on 27 June 2026. This strategic transfer reorganizes the company's investment structure by shifting the associate status of these entities to its wholly-owned subsidiary, AGL Industries Limited. The completion of this transaction marks the finalization of the proposal initially disclosed to the exchanges on 30 May 2026.

Pursuant to the transfer, AGL Proteins Private Limited and Allomex Steel Private Limited have ceased to be associate companies of Asian Granito India Limited. Instead, they have now become associate companies of AGL Industries Limited. This move consolidates the holdings within the subsidiary framework, potentially streamlining the group's operational oversight and corporate governance structure.

The disclosure was made to the stock exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all necessary details, including those required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, were submitted previously.

Transaction Details

The following table summarizes the key details of the disposal:

The company confirmed that the information regarding this transaction is available on its official website. Dhruti Trivedi, Company Secretary and Compliance Officer, signed the disclosure submitted to BSE Limited and National Stock Exchange of India Limited.

Asian Granito India Ltd disclosed that its promoters and their Persons Acting in Concert (PAC) have not created any fresh encumbrance on their shareholdings during FY 2025-26. The confirmations were submitted to the stock exchanges on April 04, 2026, pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures confirm that no charges were created directly or indirectly on the shares held by the promoter group, other than those already reported to the exchanges.

The filing covers seven promoters, including Kamleshkumar B. Patel, the Chairman and Managing Director. The disclosures were addressed to the Corporate Relations Departments of the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited. The company's audit committee was also marked as a recipient of the individual confirmations.

Shareholding Details

The promoters and their PACs hold significant stakes in the company. Mukeshbhai J. Patel holds the largest share among the disclosed promoters, followed by Bhaveshkumar V. Patel and Girishbhai N. Patel. The table below details the holdings subject to the disclosure.

The disclosures confirm that the shareholding structure remains stable with no additional leverage or encumbrance reported against these specific holdings during the financial year. The filings were signed individually by the respective promoters.