Asian Granito India (ASIANTILES) — deviation variation

📢 Key Event
Deviation filing for rights issue fund utilization

🔮 What's Next
Warehouse construction to be completed by May 2029

💡 Investor Takeaway
Funds were redirected to specific capital projects with new timelines, altering original utilization plans.

Asian Granito India Limited disclosed a deviation in fund utilization from its 2022 rights issue, reporting that [amount not verified] were spent on a new display center in Ahmedabad after terminating an earlier contract, while [amount not verified] were used for working capital in greenfield projects, [amount not verified] for a display center at Morbi, and ₹5 crores as an advance to a subsidiary for a warehouse construction to be completed by May 2029.

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About Asian Granito India Limited (ASIANTILES)

Consumer Durables · Ceramic Products · Listed on NSE

Market Cap: ₹1,469.92 Cr P/E: 85.5 ROE: 0.8% ROCE: 2.8%

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🔥 Also filed on 10 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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