Asia Granito India Limited announced that the Company has incorporated Subsidiary LLP named M/s. AGL STONES LLP on June 04, 2024. M/s. AGL STONES LLP is a Limited Liability Partnership incorporated under Limited Liability Partnership Act, 2008 on 04 June, 2024 as Subsidiary of M/s Asian Granito India Limited. Total Obligation of Contribution: INR 1,00,000.

M/s. AGL STONES LLP being Subsidiary of the Company falls within the purview of Related Party as M/s Asian Granito India Limited has contributed 51% of the initial fixed capital contribution of LLP. Mr. Kamleshkumar B. Patel, Chairman and Managing Director of the Company is a Designated Partner as nominee of the Company in M/s. AGL STONES LLP. The Partners' capital will be contributed as per LLP Agreement and at arm length.

Industry to which the entity being acquired belongs: Trading Activities in Ceramic Tiles, Vitrified Tiles, Wall Tiles, Floor Tiles and different type of Tiles, Marbles, Sanitary Ware, Hardware and Plumbing Materials, Plywood and Building Materials. Objects and effects: M/s. AGL STONES LLP is incorporated with an object to carry on business to sell, purchase and otherwise deal in Ceramic Tiles, Vitrified Tiles, Wall Tiles, Floor Tiles and different type of Tiles, Marbles, Sanitary Ware, Hardware and Plumbing Materials, Plywood and Building Materials. Cost of acquisition or the price at which the shares are acquired: INR 51,000 as initial fixed capital contribution of the LLP.