ReferIndia News Asian Granito India Limited Submits Q3FY26 Monitoring Agency Report for Rights Issue Proceeds Utilization

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Asian Granito India Limited Submits Q3FY26 Monitoring Agency Report for Rights Issue Proceeds Utilization

Published on: Jan. 30, 2026, 11:33 a.m. | Source: scanx.trade

Asian Granito India Limited submitted its Q3FY26 monitoring agency report showing INR 417.18 crore utilized from INR 422.17 crore rights issue proceeds. The company completed capital expenditure projects for subsidiaries Future Ceramics Private Limited (INR 173.37 crore) and AGL Sanitaryware Private Limited (INR 45.26 crore), along with working capital funding (INR 30.00 crore) and general corporate purposes (INR 94.75 crore). The remaining INR 5.00 crore for trading business setup is invested in fixed deposits earning 6.30% returns.

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