Asian Granito India Limited has informed the Exchange regarding Notice of Court Convened General Meeting to be held on September 19, 2025
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Asian Granito India Limited has informed exchanges about a Court Convened Meeting of Equity Shareholders scheduled for September 19, 2025 at 10:30 AM via video conferencing. The meeting has been directed by the NCLT Ahmedabad Bench to seek shareholder approval for a Composite Scheme of Arrangement involving a Demerger between Asian Granito India Limited, Adicon Ceramica Tiles Private Limited, and Adicon Ceramics Limited. The company has completed dispatch of the meeting notice and annexures to all shareholders as of August 11, 2025. E-voting via NSDL will be open from September 6, 2025 to September 18, 2025, with facility also available during the meeting.
Shareholders will get to vote on a demerger scheme that could reshape the company's structure by separating the Adicon Ceramica businesses. Approval would move the scheme closer to implementation, which could affect share valuation and ownership structure post-demerger.