Announced Wed, 28 Oct, 2026 · 16:02 IST
Extraordinary meeting considers Bell Granito acquisition and share swap
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
At the October 28, 2026 extraordinary general meeting, five resolutions were voted on. The main proposal is to acquire about 98.89% of Bell Granito Ceramica: 5.19% for up to Rs 11.70 crore in cash and 93.70% through 585 Restile shares for every 1,000 Bell Granito shares. This requires up to 21,12,32,385 new shares at Rs 10. Results are pending.
Likely market impact
The deal could expand the group, but new shares may dilute existing holders. Voting results were pending, so approval and completion remain uncertain.