Asian Granito discloses a ₹788 crore variation in use of ₹441 crore rights issue funds as of March 2026.
Major variations include cancellation of AGL Surfaces project (₹321.7 crore) and Morbi display centre (₹372.3 crore).
Funds were reallocated to a new Ahmedabad display centre project (₹738 crore) and working capital reduction (₹94 crore).
Shareholders approved the variation via postal ballot on March 30, 2023, with no comments from auditors or audit committee.