JV/AcquisitionAcquisition

Asian Granito's Board has approved key strategic moves.

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Asian Granito India LimitedASIANTILES · Filed with the exchange

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 a positive impact on consolidated operations.

Separately, the company is divesting a 25% shareholding in AGL Proteins Private Limited for Rs. 25,000, reducing its stake from 51% to 26% and reclassifying it as an associate company.

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