Asian Granito India Limited Allots 6.45 Crore Equity Shares Post Scheme Sanction
Asian Granito India Limited allotted 6.45 crore equity shares of ₹10 each post scheme sanction by NCLT on Feb 17, 2026. The Record Date for allotment was March 05, 2026. Paid-up capital increased to ₹296.47 crore. Shares to be listed on BSE and NSE.
The allotment of a significant number of shares will increase the company's equity base and paid-up capital. While it signifies a corporate restructuring, the direct impact on existing shareholders' value and the company's financial performance will depend on the specifics of the scheme and future performance.
The allotment of shares and increase in paid-up capital as part of a scheme of arrangement is a positive corporate action, indicating progress in restructuring and potential for future growth.
Asian Granito India Limited has announced the allotment of 6,45,63,636 equity shares, each with a face value of ₹10. This allotment is a consequence of the Composite Scheme of Arrangement involving Asian Granito India Limited, Adicon Ceramica Tiles Private Limited, and Adicon Ceramics Limited.
The Board of Directors of Asian Granito India Limited approved this allotment via a circular resolution on March 05, 2026. This action follows the sanctioning of the Scheme by the Hon’ble National Company Law Tribunal, Ahmedabad Bench, as pronounced on February 17, 2026.
Furthermore, in compliance with the Scheme, March 05, 2026, has been fixed as the Record Date to determine the equity shareholders of Adicon Ceramica Tiles Private Limited who are entitled to receive the new equity shares. The allotment includes 14 equity shares for fractional entitlements, which will be held in trust by Dr. Dhruti Mahesh Trivedi for subsequent sale and distribution of net proceeds to the relevant security holders.
Following this allotment, the company's paid-up equity share capital has increased from ₹231.91 crore to ₹296.47 crore. The total number of equity shares has consequently risen from 23,19,11,649 to 29,64,75,285. The newly allotted shares will rank pari-passu with the existing equity shares and are proposed for listing and trading on both BSE Limited and the National Stock Exchange of India Limited. The company will initiate the process for crediting these shares to the demat accounts of the allottees.
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Asian Granito India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Asian Granito India Limited. Read the original for the full detail.