Asian Granito India Limited has informed the Exchange about Copy of Newspaper Publication for NCLT Convened Meetings.
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Asian Granito India Limited has published newspaper advertisements in The Economic Times (English, National Edition) and Jai Hind (Gujarati, Ahmedabad Edition) on 13 August 2025, as required under NCLT Ahmedabad Bench orders dated 19 June 2025 and 4 July 2025. The ads convene separate meetings of equity shareholders, secured creditors, and unsecured creditors to approve a proposed Composite Scheme of Arrangement (Demerger) between Asian Granito India Limited, Adicon Ceramica Tiles Private Limited, and Adicon Ceramics Limited. The equity shareholders' meeting is scheduled for 19 September 2025 at 10:30 AM via video conferencing, while secured and unsecured creditors' meetings are set for 18 September 2025 at 10:30 AM and 11:30 AM respectively, in physical mode at Ahmedabad Management Association, Vastrapur, Ahmedabad. Remote e-voting for equity shareholders will be available, closing at 5:00 PM IST on 15 September 2025.
This is a mandatory procedural step required before the demerger scheme can be sanctioned by NCLT. The shareholder vote on 19 September 2025 is a key milestone — approval would enable the demerger to proceed, reshaping the company's structure with Adicon Ceramics entities, while rejection would stall the restructuring plan.