Asian Granito India Limited has informed the Exchange about the intimation of Effective data of the Scheme.
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Asian Granito India Limited has informed exchanges that the Composite Scheme of Arrangement involving Asian Granito (Resulting Company 1), Adicon Ceramica Tiles Private Limited (Demerged Company), and Adicon Ceramics Limited (Resulting Company 2) has become effective. The NCLT Ahmedabad Bench had already approved the scheme via order dated February 17, 2026, in Company Scheme Petition C.P.(CAA)/48(AHM)2025. On March 1, 2026, the company filed E-Form INC-28 with the Registrar of Companies, Ahmedabad, in compliance with Section 232(5) of the Companies Act, 2013. As per the scheme's own clauses, the effective date is March 1, 2026 — the date the certified NCLT order was filed with the RoC.
The scheme is now legally operational, meaning the demerger and reorganization between the three companies will proceed as sanctioned. Shareholders should expect further updates on share entitlement, record dates, or allotment timelines under the scheme in the coming weeks.