Latest news with #AGIL
Business Upturn
07-07-2025
- Business
- Business Upturn
Asian Granito India receives NCLT order for composite scheme of arrangement
By Aditya Bhagchandani Published on July 7, 2025, 21:44 IST Asian Granito India Limited (AGIL) on Monday, July 7, informed stock exchanges that it has received the National Company Law Tribunal (NCLT) Ahmedabad Bench order approving the composite scheme of arrangement among itself, Adicon Ceramica Tiles Private Limited, and Adicon Ceramics Limited, along with their respective shareholders and creditors. In its filing to BSE and NSE, AGIL said it had filed a Miscellaneous Application — Mis.A/5(AHM)2025 in C.A.(CAA)/45(AHM)2024 — seeking the NCLT order dated June 19, 2025. The order was pronounced by the NCLT on July 4, 2025, and the web copy of the order was uploaded and made available to the company on July 7, 2025. The company has also uploaded the web copy of the order on its website for public access. This development relates to what the company refers to as 'Scheme II', which involves a composite scheme of arrangement between the three entities and their stakeholders. Asian Granito assured that this disclosure is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Dhruti Trivedi, Company Secretary and Compliance Officer. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
30-05-2025
- Business
- Time of India
Asian Granito India posts ₹16.41 crore profit in Q4 FY25
NEW DELHI: Asian Granito India (AGIL) has reported net consolidated profit after tax of ₹16.41 crore during the quarter ended March 31, 2025. It had registered loss after tax ₹5.41 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹478.49 crore in Q4 FY25, a growth of 11.78 per cent from ₹428.06 crore it recorded in the similar quarter last year. Kamlesh Patel , chairman and managing director of the company said, "Despite the current volatility in the market and economy, the company has closed Q4 and FY25 on a good note, achieving better operational and financial performance, indicating improvement. We are steadfast on our commitment to achieve total revenue of ₹6,000 crore in next 4-6 years." The board of directors considered and approved an investment by making subscription of 51% of total share capital of the proposed post which it will become subsidiary of the company. In Q4 FY25, net sales of the company was reported at ₹471.62 crore, exports was at ₹86 crore. Exports during FY25 were at ₹291 crore and comprised 19% of revenue. In Q3 FY25, AGIL had completed the conversion of all outstanding warrants into equity shares. In October 2024, the company allotted 77.82 lakh and 47.14 lakh equity shares, respectively, upon warrant conversion. Subsequently, in November 2024, an additional 78.03 lakh shares were issued at ₹48.15 per share (including a ₹38.15 premium), raising ₹28.18 crore from promoter group investors. These conversions increased company's issued, subscribed, and paid-up equity share capital to ₹147.04 crore, comprising 14.70 crore fully paid-up shares of ₹10 each. As a result, the promoter group's holding rose from 29.02% in September 2024 to 33.52% as on March 2025.
