Asian Granito Approves Financial Results and Transfers Stake in AGL Proteins and Allomex Steel
Asian Granito India Limited (AGIL) announced the approval of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. During a board meeting held on May 30, 2026, the Board of Directors also sanctioned the proposal to transfer significant equity stakes in two associate companies.The Board of Directors considered and approved the audited financial results for the quarter and year ended March 31, 2026, along with the Audit Reports of the Statutory Auditors. The Statutory Auditors, M/s. R R S & Associates, Chartered Accountants, issued an unmodified opinion on the Audited Financial Results (Standalone and Consolidated) for the period.
Key Corporate Transactions
The Board also considered and approved the proposal for the transfer/sale of entire equity stakes held by the Company in two associated companies.AGIL approved the proposal to transfer the entire 26% equity stake held in AGL Proteins Private Limited to AGL Industries Limited, a wholly-owned Subsidiary Company. Following the transaction, AGL Proteins Private Limited will cease to be an Associate Company and will become an Associate Company of AGL Industries Limited.
Similarly, the Board approved the transfer/sale of the entire 26% equity stake held in Allomex Steel Private Limited to AGL Industries Limited. Upon completion, Allomex Steel Private Limited will cease to be an Associate Company and will become an Associate Company of AGL Industries Limited.
A detailed overview of the disposal/transfer of stakes in AGL Proteins Private Limited and Allomex Steel Private Limited is provided below:
| Particulars | AGL Proteins Private Limited | Allomex Steel Private Limited |
|---|---|---|
| Incorporated Date | 05 July, 2025 | 27 August, 2025 |
| Turnover/revenue/income (Rs in Crore) | 32.11 (1.73%) | 0 (0%) |
| Net Worth (Rs in Crore) | 0.25 (0%) | 0 (0%) |
| Consideration Received | Rs. 6,63,000/- (Rs. 255 per share for 2,600 shares) | Rs. 26,000/- (Rs. 10 per Share for 2,600 shares) |
| Proposed Buyer | AGL Industries Limited (Wholly-owned Subsidiary) | AGL Industries Limited (Wholly-owned Subsidiary) |
| Related Party Status | Yes, proposed to be undertaken on an arm's length basis | Yes, proposed to be undertaken on an arm's length basis |
Financial Performance Highlights
The financial results reflect significant movements in the company's operating and financing activities.The Standalone Statement of Audited Financial Results shows the following key figures:
| Metric | Quarter Ended 31 March, 2026 (Audited) | Year Ended 31 March, 2026 (Restated) |
|---|---|---|
| Total Income | 28,042.38 Lakhs | 1,14,502.70 Lakhs |
| Total Expenses | 30,129.67 Lakhs | 1,14,082.25 Lakhs |
| Net Profit/(Loss) for the Period/Year | (1,425.50) Lakhs | 1,187.78 Lakhs |
| Total Comprehensive Income | (1,382.96) Lakhs | 1,175.04 Lakhs |
The Consolidated Statement of Audited Financial Results shows the following metrics:
| Metric | Quarter Ended 31 March, 2026 (Audited) | Year Ended 31 March, 2026 (Restated) |
|---|---|---|
| Total Income | 54,244.54 Lakhs | 1,72,374.85 Lakhs |
| Total Expenses | 58,497.39 Lakhs | 1,85,316.25 Lakhs |
| Net Profit/(Loss) for the Period/Year | (3,266.38) Lakhs | 993.08 Lakhs |
| Total Comprehensive Income | (3,156.80) Lakhs | 1,016.59 Lakhs |
The Company's audited balance sheet as at March 31, 2026, indicates total assets of 2,47,175.44 Lakhs and total equity and liabilities of 2,47,175.44 Lakhs.
ASIANTILES Stock Price Movement
On Friday, Asian Granito India Limited shares edged higher, concluding the session with a gain of 0.05% to close at ₹61.15. The equity settled on the day amid significant investor interest, supported by a high traded volume of 5.71 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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