Asahi India Glass Limited (AIS), a leading glass manufacturer, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's Board of Directors approved the results in a meeting held on November 5, 2025.

Financial Performance

For the quarter ended September 30, 2025, AIS reported the following consolidated results:

The company's revenue from operations saw a marginal decrease of 0.56% compared to the same quarter last year. However, net profit for the quarter decreased by 38.45% year-over-year.

Segment-wise Performance

AIS operates through three main segments:

1. Automotive Glass
2. Float Glass
3. Others

For Q2 FY2026, the segment-wise revenue (gross) was as follows:

Qualified Institutional Placement (QIP)

During the quarter, Asahi India Glass successfully raised Rs 1,000 crore through the issue and allotment of equity shares to Qualified Institutional Buyers (QIB). This capital raise may strengthen the company's financial position and provide resources for future growth initiatives.

Merger of Subsidiaries

The National Company Law Tribunal, New Delhi Bench, approved the merger of three erstwhile subsidiaries of the company - GX Glass Sales & Services Limited, AIS Distribution Services Limited, and AIS Adhesives Limited - with another subsidiary, AIS Glass Solutions Limited. The merger is effective from April 1, 2023.

Balance Sheet Highlights

As of September 30, 2025, the consolidated balance sheet of Asahi India Glass showed:

The company's total assets increased by 16.38% from March 31, 2025, to September 30, 2025, primarily due to the capital raised through the QIP.

Asahi India Glass continues to navigate the challenging market conditions while focusing on its core segments. The recent QIP and merger of subsidiaries may position the company for potential growth opportunities in the coming quarters.

Asahi India Glass Limited, a prominent player in the glass manufacturing industry, has successfully completed its Qualified Institutions Placement (QIP) of equity shares, raising ₹100 crore. The company's LTP Committee approved the allocation of 1,18,37,261 equity shares at an issue price of ₹844.79 per share.

QIP Details

The QIP process concluded with the LTP Committee meeting, where several key resolutions were passed:

1. Approval of the Issue closure
2. Determination of share allocation and pricing
3. Adoption of the Placement Document
4. Finalization of the Confirmation of Allocation Note (CAN)
5. Approval for issuing refund intimation letters to eligible bidders

Share Allocation and Pricing

The committee approved the following:

• Number of shares allocated: 1,18,37,261 equity shares
• Face value: ₹1 per share
• Issue price: ₹844.79 per share
  • Includes a premium of ₹843.79

The pricing was determined in accordance with the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations.

Regulatory Compliance

Asahi India Glass Limited has ensured compliance with the relevant regulations, including:

• Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Sections 42 and 62 of the Companies Act, 2013

The company has filed the Placement Document with the stock exchanges as part of its regulatory obligations.

Company Information

Asahi India Glass Ltd. is headquartered in Gurugram, Haryana, with its registered office in New Delhi.

This successful QIP demonstrates Asahi India Glass's ability to attract institutional investors and raise capital, which could potentially support the company's growth initiatives and financial position in the competitive glass manufacturing sector.