Asian Granito India Limited has informed the Exchange about General Updates - Incorporation of Subsidiary Company named AGL Proteins Private Limited.
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Asian Granito India Limited, mainly known for its tiles business, has incorporated a new subsidiary called AGL Proteins Private Limited on 5th July 2025, registered in Ahmedabad, Gujarat. The new company will operate in the agro industry and is set to deal in a wide range of products including guar gum, protein supplements, nutraceutical/dietary products, energy drinks, vitamins, herbal and ayurvedic items, cosmetics, and pharmaceutical products. Asian Granito will hold 51% of the subsidiary, with a total subscribed capital of Rs. 1,00,000 and an initial investment of Rs. 51,000. The new entity is yet to commence business operations.
This marks a diversification move by Asian Granito beyond its core tiles business into the food, nutraceutical, and pharmaceutical segments. While the initial investment is small, the move signals a strategic shift that could open new growth avenues, though it is too early to gauge financial impact as operations have not yet begun.