NCLT approves AGIL scheme to absorb Adicon tiles business

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

ASIANTILES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.2%Reaction day

₹70.00

prior close

₹71.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+2.9% vs market

Ceramics peers, median of 9sector+0.4%+2.8% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 2.8 pts more than its Ceramics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-1.7

15m

-1.6

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.2+0.3+2.9+0.4+2.8

Next day

-0.9-1.1+0.2-0.6-0.4

-0.3-1.3+1.0-2.1+1.8

+0.0-1.1+1.1-1.1+1.1

-0.4-2.4+2.0-1.4+1.0

+4.1-2.2+6.4-1.2+5.3

+1.2-3.0+4.2-3.5+4.8

15d

-7.7-7.5-0.2-7.4-0.4

-14.0-7.4-6.6-4.7-9.3

+8.8+1.9+6.9-0.3+9.1

-15.5+3.6-19.1+2.5-18.0

UpDownMarket · Nifty Microcap 250Sector · Ceramics peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Ahmedabad approved Asian Granito India's composite scheme of arrangement on 17 Feb 2026. AGIL will absorb the tiles manufacturing undertaking of Adicon Ceramica Tiles Pvt Ltd into its wholly owned subsidiary Adicon Ceramics Ltd. Consideration paid via share issue. AGIL equity shareholders approved with 99.91% majority; 100 percent of secured and unsecured creditors of Adicon approved. Move aimed at backward integration and inorganic expansion.

Likely market impact

Positive for AGIL - backward integration, added production capacity and cost synergies. Share consideration may cause mild dilution.