[Asian Granito India Limited](asian granito) reported a consolidated net profit of ₹18.74 crore for the financial year ended March 31, 2026, an increase of 89.69% from ₹9.88 crore in the previous year. Revenue from operations rose by 8.60% to ₹1,858.06 crore in FY26, compared to ₹1,710.98 crore in FY25. The strong performance was supported by healthy market demand, improved operational efficiencies, enhanced product mix, and continued expansion across domestic markets.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 30, 2026. The statutory auditors, M/s. R R S & Associates, issued an unmodified opinion on the standalone and consolidated financial results. The financial results incorporate the effects of the Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal (NCLT), with an appointed date of October 16, 2023.

Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹3,266.38 lakh, compared to a loss of ₹487.44 lakh in the same quarter of the previous year, while Q4 consolidated revenue came in at ₹53,849.50 lakh versus ₹51,477.04 lakh year-on-year. On a standalone basis, the company reported a net profit of ₹323.20 lakh for FY26, compared to ₹1,187.78 lakh in the previous year. The standalone net loss for the quarter ended March 31, 2026, was ₹1,425.50 lakh.

Key Financial Metrics (Consolidated, ₹ in crore)

Q4 Consolidated Performance (₹ in lakh)

Operational and Regulatory Disclosures

The standalone results for the quarter were impacted by a one-time catch-up adjustment where the company reversed nine-month interest income of ₹1,339.29 lakh previously recognized up to December 31, 2025. This decision to cease interest accruals on advances to wholly-owned subsidiaries resulted in a negative 'Other Income' at the standalone level. The company noted that this being an intra-group transaction, there was nil impact on the consolidated financial results.

The auditors drew attention to a search operation carried out by the Income Tax department at the company's business premises on May 26, 2022. Various orders have been received against which the company has filed appeals. The final impact of these matters on the financial results is presently not ascertainable pending the finalization of appeals. Additionally, the company stated that the results for the quarter were adversely affected by anti-dumping duties imposed by the US government and a temporary shutdown of ceramic plants in Morbi due to a shortage of gas supply caused by the West Asia conflict.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE022I01019/6506ddaeac0141a7.pdf

asian granito has announced the conclusion of its postal ballot results regarding the re-appointment of independent directors. The company sought shareholder approval for two special resolutions through a remote e-voting facility managed by the National Securities Depository Limited (NSDL).

The e-voting period commenced on April 23, 2026, and concluded on May 22, 2026. Mr. Rajesh Parekh, Practicing Company Secretary, served as the Scrutinizer for the process. Based on his report, Mr. Kamleshkumar Patel, Chairman of the company, declared the results.

Voting Results

Shareholders voted on the re-appointment of Mr. Maganlal Prajapati and Mr. Kandarp Gajendra Trivedi. Both resolutions were passed with the required majority. The total number of votes cast for the first resolution was 117,907,653, while the second resolution saw 117,907,003 votes polled.

Resolution Details

The record date for determining shareholder eligibility was April 17, 2026. The company has informed the BSE Limited and the National Stock Exchange of India Limited regarding the outcome of these resolutions. The necessary reports have been filed with the exchanges as per Regulation 44(3) of the SEBI (LODR) Regulations, 2015.