Asian Granito Reports Robust Q1 Performance with 55% EBITDA Growth and Return to Profitability Aug 13, 2025
Asian Granito India Sets Stage for Crucial Demerger Meetings Aug 11, 2025
More news about Asian Granito
06Aug 25
Asian Granito India Reports Fund Utilization Variations from Rs 440.96 Crore Rights Issue
Asian Granito India Limited (AGL) has reported changes in the allocation of funds raised through its Rs 440.96 crore Rights Issue completed in May 2022. Major reallocations include Rs 321.68 crores from AGL Surfaces Pvt. Ltd manufacturing unit setup and Rs 94.00 crores from working capital for greenfield projects. New allocations include Rs 73.80 crores for setting up stock points and Rs 30.00 crores for a display center in Morbi. These changes were approved by shareholders via postal ballot on March 30, 2023. ICRA Limited is monitoring the fund utilization, with no comments from the Audit Committee and Auditors on the variations.
28Jul 25
Asian Granito India Secures Approvals for Listing 8.49 Crore New Equity Shares
Asian Granito India Limited (AGIL) has received listing and trading approvals from BSE and NSE for 8,48,66,333 new equity shares. The approvals are part of a Composite Scheme of Arrangement involving multiple ceramic industry companies. BSE granted listing approval on July 21, NSE on July 24, and both exchanges issued trading approvals on July 28. The new shares have a face value of Rs. 10 each. Trading of these shares is set to begin on July 29 under the symbol ASIANTILES on NSE.
07Jul 25
Asian Granito Diversifies into Agriculture and Nutraceuticals with New Subsidiary
Asian Granito India Limited, a leading tile manufacturer, has established a new subsidiary called AGL Proteins Pvt Ltd. This move marks the company's entry into the agriculture and nutraceutical markets, representing a significant diversification from its core tile business. The expansion aims to tap into the growing health and agricultural sectors, potentially opening new revenue streams and reducing dependence on the cyclical tile industry. While specific details about AGL Proteins' operations are not yet available, this strategic move could lead to revenue diversification, cross-sector innovation opportunities, and market expansion for Asian Granito.
13Jun 25
NCLT Greenlights Asian Granito India's Composite Arrangement Scheme
The National Company Law Tribunal (NCLT) has approved Asian Granito India Ltd.'s composite scheme of arrangement, allowing for significant organizational changes. This approval is expected to impact the company's operational and financial structure, potentially leading to streamlined operations, improved efficiency, and enhanced shareholder value. The specific details of the arrangement have not been disclosed.
29May 25
Asian Granito Swings to Profit in Q4, Revenue Climbs
Asian Granito India Ltd, a leading tiles and sanitaryware manufacturer, has reported a significant financial turnaround in Q4. The company posted a consolidated net profit of ₹189 million, compared to a loss of ₹23 million in the same quarter last year. Revenue increased by 12.38% to ₹4,720 million from ₹4,200 million year-over-year.
23Apr 25
Asian Granito India Expands Global Footprint with New Subsidiary in Senegal
Asian Granito India Limited (AGIL) has incorporated a new subsidiary, AGL SURFACES SARL, in Senegal, West Africa on April 14, 2025. AGIL holds a 60% stake in the subsidiary, which will focus on import-export and international trade of building materials, primarily tiles. The total subscribed capital is 1,000,000 Franc CFA, with AGIL's subscription at 600,000 Franc CFA. This strategic move marks AGIL's entry into the African market and aims to strengthen its presence in West Africa.