| Scrip Code | 532888 |
|---|---|
| NSE Symbol | ASIANTILES |
| MSEI Symbol | NOTLISTED |
| ISIN | INE022I01019 |
| Name of company | Asian Granito India Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 04-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 27-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Tiles and Marble |
| Start date and time of board meeting | 04-02-2026 11:30:00 |
| End date and time of board meeting | 04-02-2026 15:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 1 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| There is no default on Loans and Debt Securities by the Company during the quarter. | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 26,842.24 | 80,048.32 | |
| Other income | 524.13 | 1,672.68 | |
| Total income | 27,366.37 | 81,721.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 885.20 | 2,776.88 |
| (b) | Purchases of stock-in-trade | 19,286.34 | 58,926.56 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 435.54 | 10.40 |
| (d) | Employee benefit expense | 1,804.96 | 6,378.53 |
| (e) | Finance costs | 318.41 | 912.02 |
| (f) | Depreciation, depletion and amortisation expense | 317.40 | 899.45 |
| (f) | Other Expenses | ||
| 1 | Power & Fuel Expenses | 1,135.68 | 3,481.64 |
| 2 | Other Expenses | 2,503.15 | 5,842.28 |
| Total other expenses | 3,638.83 | 9,323.92 | |
| Total expenses | 26,686.68 | 79,227.76 | |
| 3 | Total profit before exceptional items and tax | 679.69 | 2,493.24 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 679.69 | 2,493.24 |
| 6 | Tax expense | ||
| 7 | Current tax | 272.52 | 636.95 |
| 8 | Deferred tax | (38.01) | 107.59 |
| 9 | Total tax expenses | 234.51 | 744.54 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 445.18 | 1,748.70 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 445.18 | 1,748.70 |
| 17 | Other comprehensive income net of taxes | (3.19) | (9.56) |
| 18 | Total Comprehensive Income for the period | 441.99 | 1,739.14 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 23,191.16 | 23,191.16 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.19 | 0.75 | |
| Diluted earnings (loss) per share from continuing operations | 0.19 | 0.75 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.19 | 0.75 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.19 | 0.75 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The above unaudited standalone financial results of the Company for the quarter and nine months ended 31 December, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting 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 standalone financial results of the Company 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 Company'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 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 refre PDF for table. 5. 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 rs. 10 each to Demerged Company 2 shareholders and 1,97,24,095 shares of rs. 10 each to Demerged Company 3 shareholders. 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. 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 31 December, 2024 respectively with effect from the Appointed Date. 6. 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. 7. 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 Company has received various notices from the Income Tax Department against which the company has filed suitable responses. Further, the Company had also received various orders against which the Company has preferred an appeal. The Management believes that there is no material impact of the assessment order on the Company'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 standalone 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. 8. 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 Company's assessment, the provisions currently in force do not have a material impact on the financial results accordingly. The Company will continue to monitor further developments and refine its estimates as and when additional rules are notified. 9. Figures of the previous periods have been regrouped, wherever considered necessary to make them comparable to current period's figures. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement of defined benefits plan | (4.26) | (12.77) |
| Total Amount of items that will not be reclassified to profit and loss | (4.26) | (12.77) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (1.07) | (3.21) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (3.19) | (9.56) |
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | R R S & ASSOCIATES | Yes | 30-06-2028 | ||
|---|---|---|---|---|---|
| Mode of Fund Raising | Rights Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 10-05-2022 |
| Amount Raised | 440.96 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | ICRA Limited |
| Is there a Deviation / Variation in use of funds raised | Yes |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | Yes |
| If Yes, Date of shareholder Approval | 30-03-2023 |
| Explanation for the Deviation / Variation | Postal Ballot Notice alongwith Explanatory Statement Attached |
| Comments of the Audit Committee after review | No comments |
| Comments of the auditors, if any | No comments |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Funding of Capital Expenditure for Setting up of new manufacturing units under the newly incorporated wholly owned subsidiaries of the company - Future Ceramic Pvt. Ltd. | Not Applicable | 1,73,37,27,496.00 | 0.00 | 1,73,37,27,496.00 | 0.00 | |
| 2 | Funding of Capital Expenditure for Setting up of new manufacturing units under the newly incorporated wholly owned subsidiaries of the company - AGL Sanitaryware Pvt. Ltd | Not Applicable | 45,25,52,798.00 | 0.00 | 45,25,52,798.00 | 0.00 | |
| 3 | Funding of Capital Expenditure for Setting up of new manufacturing units under the newly incorporated wholly owned subsidiaries of the company - AGL Surfaces Pvt. Ltd. | Yes | 32,16,82,822.00 | 0.00 | 0.00 | 32,16,82,822.00 | |
| 4 | Working Capital for Greenfield Projects | Yes | 39,40,00,000.00 | 30,00,00,000.00 | 30,00,00,000.00 | 9,40,00,000.00 | |
| 5 | Capex for Setting up Display Centre at Morbi | Yes | 37,23,32,279.00 | 0.00 | 0.00 | 37,23,32,279.00 | |
| 6 | General Corporate Purpose | Not Applicable | 94,74,51,000.00 | 0.00 | 94,74,51,000.00 | 0.00 | |
| 7 | Capex for Setting up Display Centre cum Office at Ahmedabad | Yes | 0.00 | 73,80,15,101.00 | 73,80,15,101.00 | 0.00 | As per Joint Collaboration Agreement dated February 11, 2025 the Company has provided refundable security to EPC Contractor for land Identification. However, the Construction of the display center is yet to start. |
| 8 | Setting up of Stock Point for Trading of Building Construction Material | Yes | 0.00 | 5,00,00,000.00 | 0.00 | 0.00 |
| Name of signatory | Dhruti Trivedi |
| Designation of person | Company Secretary |
| Place | Ahmedabad |
| Date | 04-02-2026 |