Announced Mon, 10 Aug · 18:38 IST
Asian Granito reports variation in Rights Issue fund use
ASIANTILES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹54.02
prior close
₹54.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+1.8+1.7+1.6-1.2-1.7-6.1-10.4-15.7-15.8-6.6-6.7——
Up moveDown movePending
AI summary
Asian Granito reported variation in use of Rs. 440.96 Cr from its May 2022 Rights Issue, approved by shareholders on 30 March 2023. Capex for AGL Surfaces (Rs 32.17 cr) and Morbi Display Centre (Rs 37.23 cr) was cut to nil. Funds shifted to an Ahmedabad centre (Rs 73.80 cr) and a trading stock point (Rs 5 cr). Working capital trimmed from Rs 39.4 cr to Rs 30 cr. No funds used this quarter. No auditor or committee objections. ICRA monitors.
Likely market impact
Shareholder-approved reallocation; no fresh cash deployed this quarter; no adverse auditor or committee comments