Kamleshkumar B. Patel, Chairman and Managing Director of Asian Granito India Limited, has acquired 3,00,000 equity shares of the company through open market purchase on December 22, 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'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 Patel's shareholding pattern in Asian Granito India Limited:

The transaction increases Patel's voting rights in the company proportionally, as all acquired shares carry voting rights with no encumbrances such as pledges or liens.

Promoter Group Structure

Kamleshkumar B. Patel operates as part of a promoter group that includes several related entities and individuals:

• Kamleshbhai Bhagubhai Patel HUF
• Bhagubhai Punjabhai Patel
• Bhagubhai Punjabhai Patel HUF
• Hiraben Bhagubhai Patel
• Hinaben K. Patel

The detailed shareholding breakdown shows the distribution among various promoter group members, with the total promoter holding now standing at 7.14% of the company's equity capital.

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 announced a strategic move to diversify its portfolio. The company's board has approved the acquisition of a 26% equity stake in the newly incorporated Allomex Steel Private Limited (ASPL) for a cash consideration of Rs. 26,000.

Strategic Expansion

This acquisition marks AGL's entry into the steel manufacturing sector, a move aimed at complementing its existing building materials business. The company sees this as an opportunity to leverage synergies between its current operations and ASPL's steel manufacturing activities.

Transaction Details

The key details of the acquisition are as follows:

Rationale Behind the Acquisition

AGL's decision to invest in ASPL is driven by several strategic considerations:

1. Product Diversification: The move allows AGL to enter related building material products, expanding its offerings in the construction sector.
2. Growth Support: The acquisition is expected to support AGL's overall growth plans by integrating steel manufacturing capabilities.
3. Synergy with Existing Operations: ASPL's steel manufacturing activities are anticipated to complement AGL's existing project customer base.
4. Supply Chain Enhancement: The company aims to boost its operations by leveraging its existing supply chain network.

Financial Context

To put this acquisition in perspective, let's look at some key financial metrics of Asian Granito India Limited:

The company's growing asset base and stable shareholder capital indicate a strong financial position, providing a solid foundation for this strategic expansion.

Outlook

While the immediate financial impact of this acquisition may be limited due to ASPL's recent incorporation, AGL views this as a long-term strategic move. The company expects this investment to strengthen its position in the building materials sector and create opportunities for long-term growth acceleration.

As the steel manufacturing activities of ASPL mature and integrate with AGL's existing operations, stakeholders will be keen to observe how this diversification strategy unfolds and contributes to the company's overall performance in the coming years.