Asian Granito India Limited
The Asian Granito India Ltd (The Company or AGL), established in the year 2000, has emerged as one of the leading ceramic companies in India. Over a short span of two decades, it has built a distinctive reputation for itself in India as well in the global markets as a manufacturer of a wide variety of finest quality Ceramic Tiles, Engineered Marble and Quartz.
What Asian files
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- Important38
- Updates33
- Board Meeting16
- JV/Acquisition5
- Investor Meet5
Asian Granito is restructuring its UAE subsidiary, Harmony Surfaces Marbles (HSM Sharjah), for growth. It will convert a ₹3.38 Cr loan into HSM Sharjah equity, solidifying its balance sheet. Subsequently, HSM Sharjah will raise fresh capital from third-party investors, diluting Asian Granito's stake from 100% to 51%. This strategic move...
Asian Granito (AGIL) announced a strategic capital infusion of INR 2.20 Cr into its associate, Nepovit Ceramic (NCPL) in Nepal. This investment aims to fund NCPL's project costs and provide working capital to commence business operations. While AGIL's 25% shareholding in NCPL remains unchanged, this move reinforces its commitment to...
Asian Granito India Limited has completed its acquisition of a 26% equity stake in Allomex Steel Private Limited (ASPL). This significant purchase officially makes ASPL an Associate Company of Asian Granito, giving them notable influence over ASPL's operations. This move strengthens Asian Granito's overall corporate structure and marks a key...
Asian Granito India is set to acquire a 26% stake in Allomex Steel Private Limited (ASPL) for Rs. 26,000. This strategic move aims to diversify into related building materials, specifically SS Steel manufacturing. ASPL, a newly incorporated entity, is expected to complement Asian Granito's existing project customer base and leverage...
Asian Granito's Board has approved key strategic moves. The company will inject further capital into Harmony Surfaces Thailand Limited, its wholly-owned subsidiary, to bolster international presence and support business expansion in Thailand. This investment aims to fund working capital for HSTL's operations, with Asian Granito retaining its 100% stake, anticipating...