Mukeshbhai J. Patel, Managing Director and Promoter of Asian Granito India Limited, has acquired 3,00,000 equity shares of the company through open market purchase on December 23, 2025. The transaction was disclosed to BSE Limited and National Stock Exchange of India Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The acquisition represents a strategic increase in the promoter group's stake in the ceramic products company. The following table summarizes the key transaction parameters:

Shareholding Pattern Changes

The acquisition has resulted in a notable change in the promoter group's shareholding pattern in Asian Granito India Limited:

Promoter Group Structure

Mukeshbhai J. Patel operates as part of a promoter group that includes several related entities and individuals. The detailed shareholding breakdown shows the distribution among various promoter group members:

Company Capital Structure

Asian Granito India Limited's share capital structure remains unchanged following this transaction. The company's total share capital stands at ₹231.91 crores, divided into 23,19,11,649 equity shares of ₹10.00 face value each. The company's shares are listed on both BSE Limited (scrip code: 532888) and National Stock Exchange of India Limited (symbol: ASIANTILES).

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. The transaction was communicated to both stock exchanges where the company's shares are listed, ensuring full transparency and regulatory adherence. The acquisition falls within the normal course of promoter investment activities and does not trigger any additional disclosure requirements under the takeover regulations.

Asian Granito India Limited (AGL), a prominent player in the building materials industry, has successfully completed its strategic acquisition of a 26% equity stake in Allomex Steel Private Limited (ASPL). The company officially announced the completion of this transaction through a regulatory filing with BSE and NSE on December 31st.

Acquisition Completion

Following the board approval announced in early December, AGL has now finalized the acquisition from ASPL's existing shareholders. This completion marks a significant milestone in the company's diversification strategy, with ASPL now becoming an associate company of Asian Granito India Limited.

Transaction Summary

The key details of the completed acquisition are:

Strategic Rationale

This acquisition represents AGL's entry into the steel manufacturing sector, complementing its existing building materials business. The strategic move is designed to:

• Expand Product Portfolio: Diversify into related building material products within the construction sector
• Leverage Synergies: Integrate steel manufacturing capabilities with existing project customer base
• Enhance Supply Chain: Utilize existing distribution network to support new steel operations
• Support Growth Plans: Create long-term value through vertical integration

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Dhruti Trivedi confirmed that all necessary disclosures have been submitted to both stock exchanges, with detailed information available on the company's website.

Financial Context

AGL's strong financial position supports this strategic expansion:

While the immediate financial impact may be modest given ASPL's recent incorporation, this acquisition positions AGL for long-term growth in the integrated building materials sector. The completion of this transaction demonstrates the company's commitment to strategic diversification and expansion into complementary business segments.