Asian Granito Confirms Effective Date for Composite Scheme of Arrangement

The latest announcement is out from Asian Granito India Limited ( (IN:ASIANTILES) ).

Asian Granito India Limited has announced a key milestone in its composite scheme of arrangement involving Asian Granito India Limited as Resulting Company 1, Adicon Ceramica Tiles Private Limited as the Demerged Company, and Adicon Ceramics Limited as Resulting Company 2, along with their respective shareholders and creditors. The scheme, carried out under Sections 230 to 232 of the Companies Act, 2013, aims to reorganise these entities’ business and capital structure.

Following the National Company Law Tribunal, Ahmedabad Bench’s sanction order dated February 17, 2026, the companies have filed E-Form INC-28 with the Registrar of Companies, Ahmedabad, on March 1, 2026, in compliance with Section 232(5) of the Companies Act. With this filing, the scheme’s effective date is confirmed as March 1, 2026, marking the legal implementation of the restructuring, which is expected to impact the companies’ operational framework and stakeholder arrangements going forward.

More about Asian Granito India Limited

Asian Granito India Limited is an Indian ceramics company primarily engaged in the tiles and related building materials segment, with its shares listed on BSE and the National Stock Exchange under the code ASIANTILES. The company operates within the broader construction and real estate supply chain, serving domestic and potentially international markets through its range of ceramic and vitrified products.

Average Trading Volume: 116,351

Technical Sentiment Signal: Hold

Current Market Cap: 16.52B INR

See more data about ASIANTILES stock on TipRanks’ Stock Analysis page.