Asian Granito India Limited has officially informed the stock exchanges regarding a decision made by its Administrative Committee on June 12, 2026. The company has approved a proposal to increase its capital contribution by NPR 3,47,67,000 (approximately up to INR 2.20 Crore) in its foreign associate company, Nepovit Ceramic Private Limited (NCPL). This transaction is categorized as a related party transaction, as NCPL is an associate of Asian Granito, but it is being conducted at arm’s length in the ordinary course of business.

Nepovit Ceramic Private Limited, incorporated on October 10, 2023, in Nepal, operates within the ceramic industry. The objective behind this additional capital infusion is to mitigate project costs and satisfy the working capital requirements necessary to commence business operations at NCPL. Prior to this investment, Asian Granito held a 25% stake in the entity, and this shareholding percentage will remain unchanged following the new capital contribution. The business activities of NCPL are aligned with the main business operations of Asian Granito, and the investment is expected to have a positive strategic impact on the consolidated operations of the company.

Asian Granito India Limited is a well-established player in the Indian ceramic tiles and sanitaryware market, known for brands such as AGL, Crystal, and Amazoone. In 2025, the company received significant recognition, including being honored as the “Best Brand – Tiles Category” at the ET Now Infra Focus Summit 2025. Recent developments in 2025 and early 2026 have included the inauguration of a luxurious display center in Hyderabad and the launch of the Zero Reflective Scratch-Resistant Alvaro Collection. The company continues to focus on integrating cutting-edge technology and sustainable practices to maintain its leadership in the luxury surfaces and bathware solutions sector.

As of the financial results for the year ended March 31, 2025, the company reported a consolidated net turnover of ₹1628 crore. The company’s net worth has remained stable, supported by preferential issues and profitability recorded during the fiscal year. Regarding institutional or famous investors, historical data has noted interest from prominent market participants such as Dolly Khanna, who previously added Asian Granito to her portfolio due to the company’s consistent performance.