Asian granito India Limited has completed the filing of E-Form INC-28 with the Registrar of Companies, Ahmedabad for its composite scheme of arrangement, marking a significant milestone in the company's corporate restructuring process. The filing, dated March 1, 2026, establishes this date as the effective date for the scheme implementation.

Scheme Structure and Parties

The composite scheme of arrangement involves three key entities working together to execute the corporate restructuring:

The scheme has been structured to benefit the respective shareholders and creditors of all involved companies, operating under sections 230 to 232 and other applicable provisions of The Companies Act, 2013.

Regulatory Compliance and Timeline

The E-Form INC-28 filing represents compliance with Section 232(5) of the Companies Act, 2013, read with applicable rules. This follows the company's previous disclosure dated February 20, 2026, which informed stakeholders about receiving the certified copy of the final order from the Hon'ble National Company Law Tribunal, Ahmedabad Bench.

Legal Framework and Effective Date

The effective date of March 1, 2026 has been determined in accordance with clause 1.9 of the Scheme (Definition of Effective Date) read with Clause 20 of the Scheme (Conditions Precedent) and provisions of Sections 230-232 of the Companies Act, 2013. This date represents when the certified copy of the Hon'ble NCLT's order sanctioning the scheme was filed with the Registrar of Companies by every company involved in the arrangement.

The company has made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory compliance. The filing was signed by Dhruti Trivedi, Company Secretary and Compliance Officer, completing the necessary procedural requirements for the scheme's implementation.

Asian granito India Limited (AGL) has achieved a significant milestone by winning the prestigious Best Integrated Home and Surface Solutions Brand award at the Senator Presents Times Realty Awards Gujarat 2026 Powered by GoodHomes. The recognition underscores the company's leadership position in providing comprehensive surface and bathware solutions under one roof.

Award Recognition and Ceremony

The award was presented by noted actor and television host Mandira Bedi during the ceremony held on 26 February, 2026. Mr. Hiren Patel, Associate Director of Asian Granito India Limited, received the honour on behalf of the company in the presence of senior members of the organising committee.

Significance of Times Realty Awards Gujarat

The event marked a significant milestone as the Times Realty Awards were introduced in Gujarat for the first time, bringing the state onto this prestigious national platform. Organised by The Times Group and powered by GoodHomes, the awards celebrate excellence across multiple dimensions:

• Real estate development
• Architecture and design innovation
• Quality and sustainability initiatives
• Customer-focused growth strategies

The platform recognises outstanding developers, architectural firms, design practices and allied brands, with participation from leading industry experts and decision makers from across the region.

Management Commentary

Commenting on this achievement, Mr. Kamlesh Patel, Chairman and Managing Director of Asian Granito India Limited, expressed gratitude for the recognition. He emphasised that the award reflects the company's strong integrated approach of offering complete surface and bathware solutions under one roof. Patel highlighted that quality has always been the foundation of the brand, while innovation and sustainability continue to guide the growth journey.

The Chairman also outlined future aspirations, stating that with continued trust from customers and partners, the company aims to further strengthen its distribution network and expand its national and global presence in the coming years.

Track Record of Industry Recognition

Asian Granito India Limited has built an impressive portfolio of industry honours over the years. The company's recent recognitions include:

• ET Focus Award for Best Brand in the Construction and Infrastructure Industry in Tiles by The Economic Times
• Participation at the Times Now Radiant Gujarat Visionary Leaders 2025 event
• Times GenNext Award Gujarat conferred upon Mr. Shaunak Patel for dynamic leadership driving AGL's global ambitions

These honours reflect the brand's consistent focus on quality, innovation and growth across the construction and building materials industry.

Company Profile and Market Position

In a span of two and half decades, Asian Granito India Limited has emerged as India's leading Luxury Surfaces and Bathware Solutions brand. The company has achieved remarkable growth, expanding its production capacity by over 65 times since inception. AGL holds the distinction of being the only tiles company acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.

Source: None/Company/INE022I01019/170ad130-ee05-4b68-ae04-7c1828c2631a.pdf