Asian Granito India to Acquire 26% Stake in Allomex Steel
Asian Granito India Ltd to acquire 26% stake in Allomex Steel for ₹26,000. The acquisition aims to expand into related building material products.
The acquisition is relatively small in value but strategically important for diversification and long-term growth.
The acquisition is expected to support the company's overall growth plans and strengthen its position in the building materials sector.
* Asian Granito India Limited (ASIANTILES) will acquire 26% of the paid-up equity share capital of Allomex Steel Private Limited (ASPL). * The board approved the proposal on 3rd December 2025, with the meeting concluding at 15:30 PM. * The size of ASPL is a paid-up equity share capital of ₹1,00,000 and the turnover is NIL as it was newly incorporated on 27 August 2025. * The investment falls within related party transactions as Directors of ASIANTILES are interested in ASPL. * The Audit Committee granted prior approval, and the transaction is being undertaken at arm’s length. * The acquisition will help ASIANTILES enter into related building material products and support overall growth plans. * ASPL's SS steel manufacturing activities will align with ASIANTILES' existing project customer base and benefit from the existing supply chain network. * The indicative time period for completion of the acquisition is within 2 months. * The cost of acquisition is ₹26,000 for 2600 equity shares at ₹10 each. * Post-acquisition, ASIANTILES' shareholding in ASPL will be 26%.
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Asian Granito India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. 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.