Transaction Details
- Entity Involved: AGL Industries Limited (formerly known as Amazoone Ceramics Limited), a wholly-owned material subsidiary of Asian Granito India Limited
- Transaction: Sale/transfer/disposal of 16% equity stake in Allomex Steel Private Limited
- Current Holding: 26% equity stake (pre-transaction)
- Post-Transaction Holding: 10% equity stake
- Status Change: Allomex Steel Private Limited will cease to be an associate company of AGL Industries Limited upon completion
Approval and Timing
- Board Approval Date: 15 October, 2026 (AGL Industries Limited board meeting)
- Agreement Date: 15 October, 2026
- Expected Completion Date: 15 October, 2026
Financial Considerations
- Consideration Amount: ₹16,000
- Price per Share: ₹10 per share
- Number of Shares: 1,600 shares
- Transaction Type: Equity stake sale
Financial Impact Assessment
Allomex Steel Private Limited Financial Contribution (Last Financial Year):
- Turnover/Revenue/Income: ₹0 crore (0% contribution)
- Net Worth: ₹0 crore (0% contribution)
- Company Incorporation Date: 27 August, 2025
The target company has no financial contribution to the listed entity, indicating minimal financial impact from this disposal.
Buyer Information
- Buyer Identity: Directors/relatives of Directors of AGL Industries Limited
- Related Party Status: Yes, the transaction qualifies as a Related Party Transaction
- Transaction Basis: Arm's length basis based on valuation report obtained from a Registered Valuer
Company Representative
- Contact: LEGAL1@AGLASIANGRANITO.COM