Asian Granito India Limited has informed the Exchange about General Updates - Receipt of Listing and Trading Approval of equity shares allotted pursuant to Scheme of Arrangement.
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Asian Granito India Limited has received listing and trading approvals from both BSE and NSE for 6,45,63,636 equity shares of Rs. 10 each, issued pursuant to a Composite Scheme of Arrangement involving Asian Granito (Resulting Company 1), Adicon Ceramica Tiles Private Limited (Demerged Company), and Adicon Ceramics Limited (Resulting Company 2). Listing approval was granted on March 30, 2026, and trading approval followed on April 8, 2026. The new shares, bearing distinctive numbers 231911650 to 296475285, were admitted to trading on both exchanges from April 9, 2026. This issuance is linked to a demerger-cum-arrangement scheme approved under Sections 230-232 of the Companies Act, 2013.
This formalises the listing of newly issued shares from the corporate restructuring, increasing the share count and potentially diluting existing shareholders. The shares are now freely tradable, and the market will determine the price impact based on the merits of the demerger arrangement and investor perception of the combined entity's prospects.