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.

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Asian granito India Limited has received a credit rating reaffirmation from Infomerics Valuation and Rating Limited for its bank facilities totaling Rs 155.00 crore. The rating agency communicated its decision through an updated credit rating letter received by the company on February 24, 2026.

Rating Details and Changes

Infomerics has placed both long-term and short-term facilities on rating watch with developing implications, citing the material event of NCLT approval for the composite scheme of arrangement. The rating action affects facilities across multiple banking partners including HDFC Bank, IDBI Bank, and IndusInd Bank.

Facility Breakdown

The long-term facilities of Rs 145.00 crore comprise cash credit facilities from multiple lenders and proposed additional limits. HDFC Bank provides Rs 40.00 crore in cash credit, while IDBI Bank offers Rs 40.50 crore in cash credit and Rs 4.50 crore in working capital demand credit. IndusInd Bank contributes Rs 50.00 crore with various sublimits including foreign letter of credit, working capital demand credit, bank guarantee, and standby letter of credit facilities.

Regulatory Compliance

The rating reaffirmation follows the Hon'ble NCLT's approval of the composite scheme of arrangement among Asian Granito India Limited, Adicon Ceramica Tiles Private Limited, Adicon Ceramics Limited, and their respective shareholders and creditors. This approval was communicated to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rating Validity and Monitoring

The reaffirmed ratings remain valid until May 29, 2026, representing a one-year period from the surveillance rating committee date. Infomerics has established ongoing monitoring requirements including monthly no default statements and quarterly performance data submissions. The rating agency reserves the right to conduct surveillance reviews based on circumstances warranting such assessment, with at least one annual review mandatory.

Corporate Structure

Asian Granito India Limited operates from its registered and corporate office at Dev Arc, opposite Iskcon Temple, S.G. Highway, Ahmedabad, Gujarat. The company, incorporated in 1995, operates under CIN L17110GJ1995PLC027025 and maintains its commitment to adding beauty to life through its ceramic tiles and related products business.