Board Approval
The Administrative Committee of Asian Granito India Limited approved a proposal to increase capital contribution in Nepovit Ceramic Private Limited (NCPL), a foreign associate company, during its meeting held on 12 June 2026.
Investment Details
- Amount: NPR 3,47,67,000 (Up to ₹2.20 Crore)
- Consideration Type: Cash
- Price per Share: NPR 100
- Target Entity: Nepovit Ceramic Private Limited (NCPL)
Target Entity Background
- Name: Nepovit Ceramic Private Limited (NCPL)
- Country of Incorporation: Nepal
- Date of Incorporation: 10 October 2023
- Current Share Capital: NPR 26,09,32,000
- Turnover: NIL as of 31 March 2026
- Turnover History: NIL for the last 3 financial years
- Geographic Presence: Nepal
Transaction Structure
- Transaction Type: Capital contribution (not acquisition of new entity)
- Related Party Status: Falls within related party transactions as NCPL is an Associate Company of Asian Granito
- Arm's Length: The transaction is being undertaken at arm's length and in the ordinary course of business
Shareholding Impact
- Current Holding: Asian Granito holds 25% of NCPL's share capital
- Post-Transaction Holding: Will remain unchanged at 25%
- Previous Investment: The Company had already invested NPR 6,52,33,000 in NCPL
Purpose and Impact
- Objects: The capital contribution is intended to mitigate project cost as well as working capital requirement to commence business operations in NCPL
- Strategic Impact: The business of NCPL is in line with the main business of Asian Granito India Limited, and the transaction is expected to have a positive strategic impact on the consolidated operations of the Company
Regulatory Approvals
- Governmental/Regulatory Approvals: Not Applicable
- Time Period for Completion: Not Applicable
Additional Information
The disclosure is made in compliance with SEBI Listing Regulations and the information is also available on the company's website.
#Tags: #AsianGranito #NepovitCeramic #SEBIRegulation30 #SubsidiaryInvestment #Neutral