Asian Granito India Gains Trading Approval for Shares from Composite Scheme of Arrangement
Asian Granito India Ltd received trading approvals for 6,45,63,636 equity shares from both the BSE and the NSE on April 8, 2026. The shares are associated with a Composite Scheme of Arrangement involving Asian Granito India Limited, Adicon Ceramica Tiles Private Limited, and Adicon Ceramics Limited.The shares in question are 6,45,63,636 equity shares of Rs. 10/- each, bearing distinctive numbers from 231911650 to 296475285. This issuance relates to the Composite Scheme of Arrangement executed amongst Asian Granito India Limited (Resulting Company 1), Adicon Ceramica Tiles Private Limited (Demerged Company), and Adicon Ceramics Limited (Resulting Company 2), alongside their respective Shareholders and Creditors under sections 230 to 232 and other applicable provisions of The Companies Act, 2013 (The Scheme).
Asian Granito India Ltd first received listing approval from BSE Limited on March 30, 2026, and from the National Stock Exchange of India Limited (NSE) on the same date. The trading approval from both exchanges followed shortly thereafter, with confirmation received on April 8, 2026.
The National Stock Exchange of India Limited confirmed that the equity shares are listed and admitted to dealings on the Exchange from April 9, 2026.
A table summarizing the securities admitted to dealings is provided below:
| Security Description | Symbol | Series | Number of Securities | Distinctive Numbers |
|---|---|---|---|---|
| Equity shares of Rs. 10/- each allotted pursuant to the Scheme of Arrangement | ASIANTILES | EQ | 64563636 | 231911650 to 296475285 |
For reference, the following details regarding the scheme and approvals were noted:
- Listing Approval Received: BSE Limited on March 30, 2026; NSE on March 30, 2026.
- Trading Approval Received: April 8, 2026 (from both BSE and NSE).
- Trading Commencement Date: April 9, 2026.
ASIANTILES Stock Price Movement
Shares of Asian Granito India Limited are edging higher to ₹62.19 as of 10:57 AM today, gaining 1.70% in live trading. The stock is seeing significant movement, with 748,823 shares trading throughout the morning session.Source:
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