Company Board converted a ₹3.38 Cr loan to its WOS, HSM Sharjah, into equity.

Asian Granito India LimitedASIANTILES · Filed with the exchange

HSM Sharjah will issue new shares to third parties, diluting the company's stake from 100% to 51%. HSM Sharjah will become a subsidiary.

It contributes ₹77.52 Cr turnover and ₹18.03 Cr net worth.

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