Asian Granito India shareholders approve demerger scheme

Asian Granito India Limited (AGIL) announced the approval of a Composite Scheme of Arrangement by its equity shareholders during a National Company Law Tribunal (NCLT) convened meeting held on Friday, September 19, 2025. The scheme involves a demerger between Asian Granito India Limited, Adicon Ceramica Tiles Private Limited, and Adicon Ceramics Limited, along with their respective shareholders and creditors.

The NCLT-convened meeting, conducted via video conference, commenced at 10:30 AM IST and concluded at 10:47 AM IST. S. B. Gautam, an ex-NCLT member, chaired the meeting, confirming the presence of the requisite quorum. The resolution was considered by members through remote e-voting and e-voting during the meeting, adhering to the provisions of the Companies Act, 2013, and SEBI Circulars.

Dhruti Trivedi, company secretary and compliance officer, confirmed that the results of the e-voting would be uploaded on the company's website and separately notified to the stock exchanges. This approval marks a significant step in the corporate restructuring of Asian Granito India Limited.