31-Oct-2026 16:24:39

ASIANTILES : LOAN-TO-EQUITY CONVERSION IN HSM SHARJAH WORTH RS 3.38 CR DELAYED

• Completion now expected on or before 31 March 2027, against 31 October 2026 earlier, due to pending procedural and transactional formalities. • Conversion of outstanding loan and reimbursement of expenses receivable from Harmony Surfaces Marbles TR. LLC S.P, Sharjah, UAE (HSM Sharjah), a wholly owned subsidiary, into equity. • Subscription to 372 equity shares at an issue price of AED 3,496 per share, aggregating AED 13,00,430 (approximately ₹3.38 Cr). • Disclosure under Reg 30 read with Schedule III of SEBI LODR; terms of the 15 July 2026 letter remain unchanged. Impact: Completion of the loan-to-equity conversion in HSM Sharjah is delayed to 31 March 2027 from 31 October 2026.

Asian Granito India Limited

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