Asian granito India Limited has successfully completed the allotment of 6,45,63,636 equity shares pursuant to its composite scheme of arrangement, marking the next phase following the E-Form INC-28 filing with the Registrar of Companies, Ahmedabad. The Board of Directors approved the share allotment via circular resolution dated March 5, 2026, with the same date fixed as the record date for determining eligible shareholders.

Share Allotment Details

The company has allotted equity shares of ₹10 face value each to shareholders of Adicon Ceramica Tiles Private Limited, the demerged company. The allotment includes 14 equity shares representing fractional entitlements, which will be held in trust by Dr. Dhruti Mahesh Trivedi for subsequent market sale and distribution of proceeds to relevant security holders.

Capital Structure Transformation

The share allotment has significantly increased the company's paid-up equity share capital. Post-allotment, the capital structure reflects substantial growth in the number of outstanding shares and total capitalization.

Scheme Implementation Timeline

The share allotment follows the successful completion of regulatory approvals and filings for the composite scheme of arrangement involving three entities: Asian Granito India Limited as Resulting Company 1, Adicon Ceramica Tiles Private Limited as the Demerged Company, and Adicon Ceramics Limited as Resulting Company 2.

Trading and Listing Status

The newly allotted equity shares will rank pari-passu with existing equity shares and are proposed to be listed and traded on BSE Limited and National Stock Exchange of India Limited. The company will initiate the process for crediting shares to the demat accounts of respective allottees, ensuring seamless integration with the existing shareholding structure.

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