Asian Granito India Limited has informed the Exchange about Diversification/Disinvestment
ASIANTILES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asian Granito India Limited's Board approved audited financial results for Q4 and FY ended March 2026. Standalone revenue for FY26 was Rs 1,095.07 Crore vs Rs 1,122.25 Crore in FY25, while net profit fell to Rs 3.23 Crore from Rs 11.88 Crore. Q4 standalone showed a loss of Rs 14.26 Crore, impacted by a Rs 13.39 Crore reversal of intra-group interest income. The Board also approved selling its entire 26% stake in two associate companies (AGL Proteins Private Limited and Allomex Steel Private Limited) to its wholly-owned subsidiary AGL Industries Limited for Rs 6.89 Lakh total. Both associates were newly incorporated in 2025 and contributed minimally to group revenue. The transaction qualifies as a related party transaction and will be completed within one month.
The stake transfers represent minor portfolio restructuring within the group at negligible consideration. However, the significant decline in annual profitability and Q4 loss may concern investors, though the loss was partly due to a one-time accounting adjustment rather than operational deterioration.