Outcome of Board Meeting

Date: 15 July, 2026 To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Limited 2nd floor, P.J. Tower, Exchange Plaza, Plot No. C/1, G-Block Dalal Streets Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai- 400 051 Company Code: 532888 C o m p a n y C o d e : A S I A N T I L E S Dear Sir/ Madam, Subject: Outcome of Board Meeting and Announcements pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to the captioned subject, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 15 July, 2026, commenced at 11:15 a.m. and concluded at 12:15 p.m., has, inter-alia, transacted following businesses: 1. Considered and approved the conversion of outstanding Loan and Reimbursement of expenses receivable from Harmony Surfaces Marbles TR. LLC S.P, Sharjah, UAE (“HSM Sharjah”) a Wholly Owned Subsidiary of the Company, into equity shares and the subscription to 372 equity shares at an issue price of AED 3,496 per share, aggregating to AED 13,00,430 (approximately ₹3.38 crore). 2. Considered and took note of proposed fresh issue of equity shares by Harmony Surfaces Marbles TR. LLC S.P, Sharjah, UAE to third-party investors and consequential dilution of the company's shareholding from 100% to 51% by which HSM Sharjah will cease to be a Wholly Owned Subsidiary of the Company and will become a Subsidiary of the Company, with Asian Granito India Limited retaining majority ownership and control through a 51% shareholding. The information required pursuant to Regulation 30, read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure A and Annexure B respectively. You are requested to kindly take on your record. Thanking You. Yours truly, For Asian Granito India Limited Dhruti Trivedi Company Secretary and Compliance Officer Encl.: As above Annexure A 1. Conversion of Loan into Equity Shares of HSM Sharjah - Acquisition in Subsidiary: Particulars Details Name of the target entity, details in brief such as Harmony Surfaces Marbles TR. LL C S.P, Sharjah, UAE size, turnover etc. (“HSM Sharjah”) Share Capital:- AED 3,00,000/- Turnover :- AED 3,17,48,106 as on 31 March 2026 Whether the acquisition would fall within related HSM Sharjah being Wholly Owned Subsidiary of the party transaction(s) and whether the promoter/ Company, it is considered as Related party. promoter group/ group companies have any It is at arm’s length and based on valuation report. interest in the entity being acquired? If yes, The promoter/promoter group has no interest in the nature of interest and details thereof and transaction. whether the same is done at “arm’s length”; Industry to which the entity being acquired Trading Activities of various Ceramic and Porcelain belongs; products like Marble, Tiles etc. Objects and impact of acquisition (including but It will enable the subsidiary to raise additional funds for not limited to, disclosure of reasons for business expansion and operational requirements. acquisition of target entity, if its business is It is within the main line of Business. outside the main line of business of the listed entity); Brief details of any governmental or regulatory Not Applicable approvals required for the acquisition; Indicative time period for completion of the On or before 31 October, 2026 acquisition; Consideration - whether cash consideration or The loan will be converted into equity shares. share swap or any other form and details of the same. Cost of acquisition and/or the price at which the Company will acquire 372 equity shares at price of AED shares are acquired; 3,496 per share aggregating to AED 13,00,430 (Approx Rs. 3.38 Crore), to be allotted against the loan of the Company. Percentage of shareholding / control acquired The Company presently holds 100% of the share capital and / or number of shares acquired of HSM Sharjah and post-conversion it would continue to remain 100%. Brief background about the entity acquired in HSM Sharjah is engaged in the Trading Activities of terms of products/line of business acquired, date various Ceramic and Porcelain products like Marble, of incorporation, history of last 3 years turnover, Tiles etc. country in which the acquired entity has Date of Incorporation: 11 May, 2023 presence and any other significant information Turnover: (in brief); FY 2023-24 : AED 16,04,491 FY 2024-25 : AED 1,32,63,608 FY 2025-26 : AED 3,17,48,106 Annexure B 2. Fresh Issue of Equity Shares by HSM Sharjah – Dilution of Stake: Particulars Details The amount and percentage of the turnover or During the preceding financial year, Harmony Surfaces revenue or income and net worth contributed by Marbles TR. LLC S.P Sharjah, UAE contributed as such unit or division or undertaking or subsidiary follows: or associate company of the listed entity during Turnover/Revenue: ₹ 77.52 crore (4.17% of the the last financial year consolidated turnover/revenue of the Company). Net Worth: ₹ 18.03 crore (1.17 % of the consolidated net worth of the Company). Date on which the agreement for sale has been Not Applicable. There is no agreement for sale. The entered into change in shareholding has occurred pursuant to a fresh issue and allotment of equity shares by HSM Sharjah to Third-party investors in accordance with the applicable laws. The expected date of completion of sale/disposal Not Applicable. Consideration received from such sale/disposal Not Applicable. Brief details of buyers and whether any of the Equity shares will be allotted by HSM Sharjah to buyers belong to the promoter/promoter identified investors not belonging to Promoter or group/group companies. If yes, details thereof Promoter Group of the Company. Whether the transaction would fall within related No, the transaction does not constitute a related party party transactions? If yes, whether the same is transaction. done at "arm's length" Whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with Regulation 37A of the SEBI LODR Regulations Additionally, in case of a slump sale, indicative Not Applicable disclosures provided for amalgamation/merger shall be disclosed by the listed entity with respect to such slump sale