NSEAcquisition4h ago · 31 Oct 2026, 04:23 pm

Acquisition

Asian Granito India Limited · ASIANTILES

✦ AI SummaryM&A

Asian Granito India Limited has informed the Exchange about the pending acquisition of Harmony Surfaces Marbles TR. LLC S.P, Sharjah, UAE, which was expected to be completed by 31 October, 2026, but is now expected to be undertaken on or before 31 March, 2027.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Asian Granito India Limited has informed the Exchange about Acquisition

Attachments (1)

📄

ASIANTILES_31102026162257_signedhintimation.pdf

pdf

Download →
View document text
Date: 31 October, 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: Update on conversion of outstanding Loan and Reimbursement of expenses receivable from Harmony Surfaces Marbles TR. LLC S.P, Sharjah, UAE (“HSM Sharjah”) Re.: Disclosure pursuant to Regulations 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) With reference to the captioned subject and in continuation of our disclosure dated 15 July, 2026 regarding 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) was intimated. In this regard we wish to inform you that the aforesaid acquisition, which was expected to be completed by 31 October, 2026 is currently pending due to the completion of certain procedural and transactional formalities. Accordingly, the completion of the said acquisition is now expected to be undertaken on or before 31 March, 2027. The information as 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 have already been submitted to the Stock Exchanges vide our letter dated 15 July, 2026 will remain unchanged. The above information is also available at the website of the Company. 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