BSECompany Update5h ago · 31 Oct 2026, 04:26 pm
Please find the update on Acquisition
Asian Granito India Ltd · 532888
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Asian Granito India Ltd has informed that the acquisition of 372 equity shares from Harmony Surfaces Marbles TR. LLC S.P, Sharjah, UAE is pending due to procedural and transactional formalities and is now expected to be completed by 31 March, 2027.
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Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Asian Granito India Ltd - 532888 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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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