Asian granito India Limited has informed stock exchanges about gas supply restrictions that may temporarily impact its manufacturing operations due to ongoing geopolitical developments in the Middle East.

Gas Supply Restrictions Announced

The company disclosed on March 6th, 2026, that it and its subsidiaries received communication from Gujarat Gas Limited (GGL) and Sabarmati Gas Limited (SGL) regarding restrictions in gas supply. The limitations arise from a force majeure situation caused by the ongoing conflict in the Middle East and its consequent impact on global energy markets.

Production Impact Assessment

The gas supply restrictions may result in temporary and partial impact on the company's production activities. However, Asian Granito India Limited stated that based on current assessment, it does not anticipate any material impact on its overall business operations.

The company noted that due to existing inventory levels, dispatches are continuing in the normal course of business. At present, the company is unable to ascertain the potential impact of the force majeure situation or quantify any material impact on its business operations.

Mitigation Measures

Asian Granito India Limited is actively implementing several measures to address the supply restrictions:

• Evaluating alternate fuel options
• Implementing operational arrangements to mitigate impact
• Ensuring continuity of operations to the extent feasible
• Closely monitoring the situation for material developments

The company has committed to providing further updates as and when there are any material developments regarding the gas supply situation.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under SEBI regulations, including assessment of potential losses, insurance coverage status, and operational impact estimates.

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.