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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.

Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split

Data sourced from BSE India corporate announcements. More categories will be added over time.

Asian Granito India Ltd

Asian Granito: 6.46 Cr equity shares listed post-scheme of arrangement

M&A ▲ Positive Development MEDIUM RISK

📅 Filed on BSE: 09 Apr 2026, 10:55 AM IST · BSE ID: ff05a0d2-4753-44a3-ac77-22d4132dac80

View Original BSE Filing (PDF)

💡

In Simple Terms

Asian Granito completed a major corporate reorganization splitting into two entities. Its new shares are now officially trading on stock exchanges.

🤖 AI Summary

6,45,63,636 equity shares of Rs. 10/- each listed after scheme of arrangement approval
BSE and NSE granted listing approval on 30 March 2026; trading approval 8 April 2026
Composite scheme involved Asian Granito (Resulting Company 1) and Adicon entities
Shares now trading on NSE under symbol ASIANTILES from 9 April 2026
Demerger and reorganization executed under Companies Act 2013 sections 230-232

🔢 Key Numbers — exact figures from BSE filing, not rounded

Equity shares allotted pursuant to scheme

6,45,63,636 shares of Rs. 10/- each

Distinctive numbers range

231911650 to 296475285

BSE listing approval date

30 March 2026

NSE listing approval date

30 March 2026

Trading approval date (both exchanges)

8 April 2026

NSE listing effective date

9 April 2026

🏢 How This Affects the Company

📈

Business Impact

The scheme of arrangement restructures Asian Granito's operational footprint by separating ceramic tiles business (Adicon Ceramica) into a distinct listed entity, allowing focused business management for each resulting company and subsidiary.

💰

Financial Impact

Share capital structure changes with 6,45,63,636 new shares issued to scheme participants. Capital structure reorganization may impact future dividend capacity and EPS calculations depending on the allotment distribution among existing and new shareholders.

⚙️

Operational Impact

Corporate structure realignment separates tiles manufacturing and operations into distinct legal entities with independent management, potentially improving operational clarity and decision-making autonomy for each business segment.

⚠️

Risk Impact

Demerger increases complexity of investor tracking across two listed entities. Trading in newly listed shares carries liquidity and valuation discovery risk until market establishes sustainable trading patterns and fair value pricing.

👥 What This Means For Shareholders

✅

Action Required

Existing shareholders must verify their share allotment in demat accounts and reconcile holdings between Asian Granito and newly listed Adicon Ceramics Limited within 30 days of listing.

👤

Who Is Affected

All shareholders of Asian Granito India Limited and scheme participants receive allotted shares per the arrangement. Share entitlement depends on individual shareholding status as on scheme effective date.

🔍

Management Signal

Completion signals management commitment to dual-entity strategy with separate governance, enabling focused operations and distinct capital allocation for ceramics and tiles businesses.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events

First quarterly results filing post-listing (Q1 FY27) — track revenue and profitability impact of demerger

Dividend declaration — verify whether Asian Granito and Adicon declare separate dividends indicating operational separation

Promoter shareholding disclosure under Reg 31 — confirm stake distribution between two listed entities post-scheme

MEDIUM RISK Newly listed shares face liquidity risk. Demerger creates dual-entity complexity requiring investor tracking across two symbol positions.

💡 Investor Takeaway

Asian Granito's scheme of arrangement is now complete: 6,45,63,636 equity shares of Rs. 10/- each are listed and trading on NSE from 9 April 2026 under symbol ASIANTILES. This separates tiles operations into distinct entity while maintaining parent company structure.

⚖️ Strengths & Concerns

✅ Positives

Scheme completion confirms regulatory clearance from BSE and NSE on same date (30 March 2026)
6,45,63,636 shares with defined distinctive numbers (231911650-296475285) ensure clear share registry

⚠️ Concerns

Newly listed 6,45,63,636 shares face liquidity establishment risk with unproven trading volume patterns
Demerger splits investor base across two entities, fragmenting shareholder voting power and dividends

📑 More from Asian Granito India Ltd

Asian Granito: Harmony Surfaces Acquisition Delayed to March 2027

M&A · 31 Oct 2026

Asian Granito: Harmony Surfaces Stake Dilution to 51%, Converts AED 1.3 Million Loan

M&A · 15 Jul 2026

Asian Granito India Ltd: Subsidiary's Equity Conversion and Dilution

BOARD · 15 Jul 2026

Asian Granito India Ltd: Increases Capital in Associate Nepovit Ceramic by NPR 3,47,67,000

M&A · 12 Jun 2026

Asian Granito re-appoints independent directors Prajapati, Trivedi for second five-year term

MANAGEMENT · 22 Apr 2026

Asian Granito India — Credit ratings reaffirmed at IVR BBB+ (Long-term), IVR A2 (Short-term)

RATING · 28 Mar 2026

All BSE filings we have analysed for Asian Granito India Ltd.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.