Proceeds from Fractional Shares Sale

<h1>Asian Granito Completes Fractional Share Proceeds Distribution Following Composite Scheme of Arrangement</h1>

The Audit Committee and Independent Directors of Asian Granito India Ltd have certified the distribution of proceeds related to fractional shares that arose from a Composite Scheme of Arrangement involving the company, Adicon Ceramica Tiles Private Limited (Demerged Company), and Adicon Ceramics Limited.

The scheme became effective on March 01, 2026, following the sanctioning of the arrangement by the National Company Law Tribunal. The scheme entails the transfer of tiles business and ancillary support services from Adicon Ceramica Tiles Private Limited to Adicon Ceramics Limited.

In line with Clause 10 of the scheme, equity shareholders of the Demerged Company, whose names were recorded on the Record Date of March 05, 2026, were allotted shares in Asian Granito India Ltd (Resulting Company 1). The share exchange ratio established was 1060 fully paid up equity shares of INR 10 each of AGIL for every 11 equity shares of INR 10 held in Adicon Ceramica Tiles Private Limited.

The allotment was completed on March 05, 2026. As per Clause 10.3 of the scheme, any fractional entitlements were to be consolidated and rounded up to the next whole number for issuance. The Board of Directors of Asian Granito India Ltd appointed Dr. Dhruti Mahesh Trivedi, Company Secretary and Compliance Officer, to hold in trust and sell these fractional entitlements.

The fractional entitlements generated from the allotment on March 05, 2026, were rounded up to 14 fully paid-up equity shares and allotted to Dr. Dhruti Mahesh Trivedi, with the fractional shares credited to a separate demat account.

Proceeds from Fractional Shares Sale​

The Trustee subsequently sold these consolidated fractional entitlements on June 03, 2026. The disbursement of the sale proceeds was completed by the Trustee on June 04, 2026, after deducting incurred expenses and applicable Income Tax.

Details of the sale and distribution are presented in the table below:

Certification by Committees​

Both the Audit Committee and the Independent Directors of Asian Granito India Ltd have issued reports certifying that the proceeds from the sale of these fractional entitlements were distributed to the Eligible Shareholders in proportion to their respective entitlements, as per Clause 10.3 of the scheme and relevant regulatory requirements.

ASIANTILES Stock Price Movement​

Asian Granito India Limited stock closed today, edging higher and settling at ₹59.40 after shareholders registered a 0.05% gain. The company's equity traded 675,662 shares during the session, trading within a range of ₹59.03 to ₹60.65.