Asian Granito India Limited has informed the Exchange regarding Outcome of Board Meeting held on May 30, 2026.
ASIANTILES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asian Granito India Limited reported audited standalone FY2026 results with revenue from operations at ₹1,09,506.59 Lakhs (vs ₹1,12,224.72 Lakhs in FY2025, a ~2.4% decline). Net profit after tax fell sharply to ₹323.20 Lakhs (vs ₹1,187.78 Lakhs), down ~73% YoY, translating to EPS of ₹0.11 vs ₹0.42 in the prior year. The Q4 standalone result showed a loss before tax of ₹2,087.29 Lakhs. The sharp PAT decline was partly due to a one-time catch-up adjustment: the company reversed ₹1,339.29 Lakhs of intra-group interest income (nil impact on consolidated results). Additionally, the Quartz plant was temporarily shut for two months due to US anti-dumping duties, and West Asia conflict caused gas shortages forcing temporary closure of ceramic plants. The Board also approved the transfer of the company's 26% stakes in associate companies AGL Proteins Private Limited and Allomex Steel Private Limited to AGL Industries Limited (a wholly-owned subsidiary) for ₹6.63 Lakhs and ₹0.26 Lakhs respectively — classified as a related party transaction at arm's length with a registered valuer's report. Both FY2025 figures are restated to reflect two NCLT-approved Schemes of Arrangement effective from October 16, 2023. Statutory auditors R R S & Associates issued an unmodified opinion.
The standalone profit collapse and revenue decline are concerning, though the consolidated impact of the one-time interest reversal is nil. The I-T department search matter remains unresolved with uncertain financial impact. The related party stake transfers are minor in value but represent internal restructuring within the group.