1. Disinvestment from AGL Proteins Private Limited 2. Disinvestment from Allomex Steel Private Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asian Granito India's Board approved audited financial results for Q4 and FY2026 ending March 31, 2026. The company reported standalone revenue of Rs. 1,09,506.59 Lakhs with a net profit of Rs. 323.20 Lakhs for FY2026, down from Rs. 1,187.78 Lakhs in the previous year. Q4 FY2026 showed a loss of Rs. 1,425.50 Lakhs, impacted by a one-time interest reversal of Rs. 1,339.29 Lakhs related to intra-group transactions. The Board also approved transferring the company's entire 26% equity stake in AGL Proteins Private Limited (consideration: Rs. 6.63 Lakhs) and Allomex Steel Private Limited (consideration: Rs. 0.26 Lakhs) to AGL Industries Limited, a wholly-owned subsidiary. Both associate companies were newly incorporated in 2025. AGL Proteins contributed Rs. 32.11 Cr in turnover (1.73% of company revenue) while Allomex Steel had zero revenue. The transaction qualifies as a related party transaction being done at arm's length.
The disinvestment is an intra-group restructuring with no cash outflow from the group, as the buyer is a wholly-owned subsidiary. This is part of the ongoing capital restructuring under the NCLT-approved scheme. The standalone Q4 loss may create short-term negative sentiment, though the full-year profit remains positive.