Asian Granito India Limited has informed the Exchange about General Updates - Change in authorised Key Managerial Personnel (KMPs) of the Company for the purpose of determining materiality of an event or information.
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Asian Granito India has appointed Mr. Dibyendu Dey as its new Chief Financial Officer (CFO) and Key Managerial Personnel with effect from 13 March 2026, following a board meeting held the same day. Mr. Dey brings over 28 years of finance leadership experience, having previously worked with companies such as NITCO Ltd, Essar Group, and RPG Group, with expertise in reporting, fundraising, forex management, M&A, and turnarounds. His appointment was recommended by the Nomination and Remuneration Committee, and he is not related to any existing Director or KMP. The company also revised its list of authorised KMPs — the Chairman & MD (Kamleshkumar B. Patel), Managing Director (Mukeshbhai J. Patel), and the new CFO will jointly determine materiality of events, while the Company Secretary (Dr. Dhruti Trivedi) will handle disclosures to stock exchanges.
This is a routine governance update signalling a change in financial leadership. A seasoned external CFO appointment may bring stronger financial controls and reporting discipline, which is generally positive for shareholders, though the actual market impact depends on execution.