Asian granito India Limited has announced the reopening of its trading window following the declaration of its quarterly financial results. The company communicated this development to both BSE and NSE on February 4, 2026, marking the end of the trading restriction period that was implemented in accordance with regulatory compliance requirements.

Trading Window Reopening Details

The company has informed stock exchanges that the trading window will be opened after the expiry of 48 hours from the announcement of the board meeting outcomes. The specific timeline and regulatory framework governing this decision are outlined below:

Regulatory Compliance Framework

The trading window reopening follows the company's adherence to its Code of Conduct for Prevention of Insider Trading, which operates in conjunction with SEBI regulations. The company had previously announced the closure of the trading window on December 27, 2025, as part of standard regulatory compliance procedures ahead of financial results declaration.

The announcement covers the unaudited financial results for both standalone and consolidated statements for the specified period. This regulatory measure ensures compliance with insider trading prevention norms and maintains market integrity during sensitive disclosure periods.

Communication and Documentation

Company Secretary and Compliance Officer Dhruti Trivedi signed the official communication to both stock exchanges. The notification was sent to BSE Limited with company code 532888 and to the National Stock Exchange of India Limited with company code ASIANTILES.

The formal communication requested both exchanges to take the information on record, completing the regulatory notification process required for trading window management. This systematic approach ensures transparency and adherence to market regulations governing insider trading prevention measures.

Asian Granito India Limited has submitted its quarterly monitoring agency report for Q3FY26, detailing the utilization of proceeds from its rights issue conducted in 2022. The report, prepared by ICRA Limited as the appointed monitoring agency, covers the quarter ended December 31, 2025, and was submitted to BSE and NSE on January 30, 2026.

Rights Issue Proceeds Overview

The company raised INR 440.96 crore through its rights issue conducted between April 25, 2022, and May 10, 2022, resulting in net proceeds of INR 422.17 crore after excluding issue-related expenses. The monitoring agency report indicates substantial progress in fund utilization across the stated objects.

Object-wise Fund Deployment

The company has made significant progress across its stated objects, with most projects reaching completion or full utilization status.

Capital Expenditure Projects

The manufacturing unit establishments under wholly-owned subsidiaries have been completed:

Both Future Ceramics Private Limited and AGL Sanitaryware Private Limited projects faced initial delays of 9 months due to heavy and delayed monsoons in Morbi, but were successfully commissioned by December 31, 2023.

Working Capital and Corporate Purposes

The company has fully utilized INR 30.00 crore for working capital requirements of the proposed projects and INR 94.75 crore for general corporate purposes. Under general corporate purposes, INR 86.35 crore was deployed as loans and advances to subsidiary Crystal Ceramic Industries Limited for term loan repayment, while INR 8.40 crore was used for creditor payments and statutory dues.

Display Center and Trading Business Developments

The company has allocated INR 73.80 crore for setting up a display center cum office in Ahmedabad, Gujarat. However, this project has experienced contractual transitions with multiple vendors. Initially, an advance of INR 55.00 crore was paid to an EPC contractor in Q2FY24, which was later cancelled. The arrangement was subsequently transferred to another developer with an advance of INR 69.00 crore in Q3FY24, but this was also terminated in Q4FY25.

As of the reporting period, a new agreement has been signed with a different vendor, and INR 73.52 crore has been transferred to the new contractor, including INR 0.06 crore as fresh advance during Q3FY26. The company expects to recover the remaining INR 0.29 crore from the previous contractor in Q4FY26.

Unutilized Funds Management

The remaining INR 5.00 crore, earmarked for setting up a stock point for trading business of building construction materials, remains unutilized due to delays in identifying suitable options. The company has invested these funds in a fixed deposit with IndusInd Bank, earning 6.30% returns with a maturity date of January 29, 2026, bringing the total value to INR 5.14 crore.

Regulatory Compliance

The monitoring agency report confirms no material deviations from the disclosed objects, with shareholder approval obtained for object alterations through postal ballot dated February 28, 2023. All necessary government and statutory approvals for the greenfield projects have been secured, and technical assistance arrangements are operational.