| Textual Information(1) |
Notes 1. The above unaudited consolidated financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of Asian Granito India Limited (the “Holding Company”, together with its subsidiaries, referred to as the Group”), at their meetings held on 04 February, 2026. The statutory auditors of the Company have carried out a limited review of the above financial results for the quarter and nine months ended on 31 December, 2025. 2. The consolidated financial results of the Group have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder. 3. The Group's business falls within single operating segment i.e Tiles & Marbles. Hence there are no reportable segments in accordance with Ind AS 108 Operating Segments. 4. The standalone financial results are available on Company’s website (www.aglasiangranito.com) and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). The specified items of the unaudited standalone financial results of the Company for the quarter and nine months ended on 31 December, 2025 are given below: Please Refer PDF for Table 5. The Company has received a proceeds of the Right Issue to the tune of rs 42,217.46 Lakhs (after deduction of Right Issue related expenses of rs 1879.00 Lakhs). The expenses related to rights issue was adjusted with the security premium account and there is no rights issue related expenses debited to profit and loss account. There was no deviation in use of proceeds from the objects stated in the Offer document for Right Issue. However, object has been revised inter-se through postal ballot notice dated 02 February, 2023. The proceeds of the right issue were utilized in accordance with the details set forth below : Please Refer PDF for Table 6. The Board at its meeting dated 12 August, 2023 has approved the Scheme of Arrangement (“Scheme1”) for Demerger, Slump Sale as well as Amalgamation between Asian Granito India Limited, Affil Vitrified Private Limited, Ivanta Ceramics Industries Private Limited, Crystal Ceramic Industries Limited, Affil Ceramics Limited, Ivanta Ceramic Limited, Crystal Vitrified Limited, Amazoone Ceramics Limited and AGL Industries Limited and their respective shareholders and Creditors under Section 230 to 232 and other applicable provisions of the Companies Act, 2013. The Company has received NOC from the both the stock exchanges for the said Scheme1 and it is also approved by shareholders and creditors at their respective court conveyed meetings. The National Company Law Tribunal, Ahmedabad Bench (“NCLT”) vide its Order dated 12 June, 2025, has sanctioned the Scheme of Arrangement (Part III of Scheme1) for transfer and vesting of Marble & Quartz undertaking of the Asian Granito India Limited to Amazoone Ceramics Limited , a wholly owned subsidiary (thereafter named as AGL Industries Limited) of the Company, on a going concern basis by way of slump sale with effect from the appointed date i.e. 16 October, 2023. Accordingly, the Company has accounted for the aforesaid demerger sanctioned by the NCLT, using the pooling of interest method retrospectively for all periods presented in the financial results as prescribed in Ind AS 103 - Business Combinations. Also, the NCLT has sanctioned the Composite Scheme of Arrangement (Part II of Scheme1) for transfer and vesting of Manufacturing undertaking of the Affil Vitrified Private Limited (“Demerged Company 1”) and Ivanta Ceramics Industries Private Limited (“Demerged Company 2”) and Crystal Ceramic Industries Limited (“Demerged Company 3”) and Affil Ceramics Limited (“Resulting Company 1”) and Ivanta Ceramic Limited (“Resulting Company 2”) and Crystal Vitrified Limited (“Resulting Company 3”). The transaction has been accounted in accordance with Ind AS 103 Business Combinations using practical expedient. Accordingly the Company has issued 3,32,08,905 shares of rs 10 each to Demerged Company 1 shareholders, 3,19,33,333 shares of rs10 each to Demerged Company 2 shareholders and 1,97,24,095 shares of rs 10 each to Demerged Company 3 shareholders. The certified copy of the said order has been filed with Registrar of Companies on 01 July, 2025 (Effective Date) and the Scheme is legally effective from 16 October, 2023 (Appointed Date). Accordingly, the effect of the Scheme has been given in the financial results for the year ended March 31, 2025 and for the quarter and nine months ended on 31 December, 2024 respectively with effect from the Appointed Date. Also, the NCLT has sanctioned the Composite Scheme of Arrangement (Part IV of Scheme 1) for amalgamation of Amazoone Ceramics Limited (“Transferee Company”) and AGL Industries Limited (“Transferor Company”). The transaction has been accounted in accordance with Ind AS 103 Business Combinations using practical expedient. Accordingly the Amazoone Ceramics Limited will issue 11,95,739 Optionally Convertible Preference Shares (OCPS) of rs 100 each (including premium of rs 90 per OCPS) to the shareholders of AGL Industries Limited. 7. The Board at its meeting dated 12 August, 2023 has approved the Scheme of Arrangement (“Scheme2”) for Demerger between Asian Granito India Limited, Adicon Ceramica Tiles Private Limited and Adicon Ceramics Limited and their respective shareholders and Creditors under Section 230 to 232 and other applicable provisions of the Companies Act, 2013. The Company has received NOC from the both the stock exchanges for the said Scheme2. After the said approval, the Company has filled Company Application with the Hon’ble National Company Law Tribunal, Ahmedabad Bench (“NCLT”) and the said application is also approved by NCLT vide its Order dated 16 October, 2025. The Company has also filled Company petition with NCLT which is pending for hearing. 8. The Income Tax department had carried out a search operation at Company's business premises on 26 May, 2022. The Company had made necessary disclosure to the stock exchanges in this regard on 31 May, 2022, in accordance with regulation 30 of the SEBI (LODR) regulation, 2015 (as amended). As on the date of issuance of these financial results, the group (parent company and its operational subsidiaries) had received various notices from the Income Tax Department against which the respective company has filed suitable responses. Further, the group had also received various orders against which the group has preferred an appeal. The Management believes that there is no material impact of the assessment order on the group's financial position as of 31 December, 2025, and its performance for the quarter and nine months ended on that date, as presented in these consolidated financial results. However, due to the nature of complexity of the matter, the final outcome remains uncertain, making it currently impossible for the management to determine the potential impact, if any, on the results related to this issue. 9. The Government of India, with effect from November 21, 2025, notified the Code on Social Security, 2020; the Occupational Safety, Health and Working Conditions Code, 2020; the Industrial Relations Code, 2020; and the Code on Wages, 2019 (collectively the Labour Codes) consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. Based on the Group's assessment, the provisions currently in force do not have a material impact on the financial results accordingly. The Group will continue to monitor further developments and refine its estimates as and when additional rules are notified. 10. Figures of the previous periods have been regrouped, wherever considered necessary to make them comparable to current period's figures. |