Asian Granito India: Update on conversion of outstanding Loan and Reimbursement of expenses receivable from Harmony Surfaces…
Asian Granito India (ASIANTILES) filed a disclosure titled "Update on conversion of outstanding Loan and Reimbursement of expenses receivable from Harmony Surfaces Marbles TR. The company is valued at about ₹1,381 crore.
What happened
Asian Granito India (ASIANTILES) filed a disclosure with the exchanges on 31 October 2026 at 04:23 PM titled "Update on conversion of outstanding Loan and Reimbursement of expenses receivable from Harmony Surfaces Marbles TR. LLC S.P, Sharjah, UAE ("HSM Sharjah") Re.: Disclosure".
From the filing: "Accordingly, the completion of the said acquisition is now expected to be undertaken on or before 31 March, 2027."
How big is it?
At ₹3.38 crore, the deal is equal to about 0.2% of the company's market value of ₹1,381 crore.
Company snapshot
Asian Granito India is a small-cap company, with a market value of about ₹1,381 crore.
The stock last traded at ₹46.59, against a 52-week range of ₹42.5–₹79.06 (41.1% below the high).
Before this filing the shares had moved −7.1% over the month and −23.3% over three months. Average daily turnover over the last 20 sessions was about ₹15.45 crore.
Promoters held 38.79% at the end of Q1 FY27. Foreign institutions owned 1.37% and domestic institutions 0.14%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 388 | 7.5 | 0.32 |
| Q2 FY26 | 407 | 16.3 | 0.7 |
| Q3 FY26 | 424 | 20.1 | 0.87 |
| Q4 FY26 | 538 | -31.9 | -1.08 |
| Q1 FY27 | 531 | 8.1 | 0.27 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 0.4% on average the next trading day and was down 2.8% on average after five days (3 filings with price data).
Market-wide, 2,231 m&a filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 15 Jul 2026 | M&A | −2.6% | −11.1% |
| 12 Jun 2026 | M&A | +3.2% | +0.1% |
| 5 Jun 2026 | Report From The Audit Committee And Independent Directors Of The… | −1.9% | +2.8% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
- 3 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- Asian Granito India Limited Estimates – NSE:ASIANTILES
- Asian Granito unveils Dussehra campaign with TheSmallBigIdea
- Kajaria Ceramics denies plan to acquire Asian Granito India
- Kajaria Ceramics Rejects Media Speculation Over Asian Granito Acquisition Plans
- Asian Granito India gives Dussehra a twist with TheSmallBigIdea
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.