Description

BSE announces listing and trading permission for 6,45,63,636 new equity shares of Asian Granito India Limited effective April 09, 2026, issued pursuant to a Composite Scheme of Arrangement.

Summary

BSE has announced that 6,45,63,636 new equity shares of Asian Granito India Limited (Scrip Code: 532888, ISIN: INE022I01019) are listed and permitted for trading on the Exchange with effect from April 09, 2026. These shares were issued pursuant to a Composite Scheme of Arrangement involving Asian Granito India Limited, Adicon Ceramica Tiles Private Limited, and Adicon Ceramics Limited.

Key Points

  • 6,45,63,636 equity shares of Rs. 10/- each are newly listed on BSE
  • Trading in these securities commences on Thursday, April 09, 2026
  • Shares rank pari-passu with existing equity shares of Asian Granito India Limited
  • ISIN: INE022I01019
  • Distribution numbers: 231911650 to 296475285
  • Date of allotment: March 05, 2026

Regulatory Changes

No new regulatory changes. This notice is an operational listing notification under the existing framework for securities issued under Sections 230 to 232 of the Companies Act, 2013, following NCLT approval of the composite scheme.

Compliance Requirements

All market participants are informed to update their records to reflect the new securities available for trading. No specific action is required from general market participants beyond awareness of the new tradeable securities.

Important Dates

  • Date of Allotment: March 05, 2026
  • Effective Trading Date: April 09, 2026
  • Notice Date: April 08, 2026

Impact Assessment

The listing adds approximately 6.46 crore new equity shares of Asian Granito India Limited to the market, increasing the tradeable float. These shares arise from a demerger arrangement involving Adicon Ceramica Tiles Private Limited (Demerged Company) and Adicon Ceramics Limited (Resulting Company). Since the shares are pari-passu with existing equity, holders receive equal rights. The event may cause short-term price discovery adjustments as the new shares enter the market.

Impact Justification

Routine listing of new equity shares following a court-approved composite scheme of arrangement; affects existing and new shareholders of Asian Granito India Limited but is limited in broader market impact.