Asian Granito India

June 12 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA - APPROVES INCREASE IN CAPITAL CONTRIBUTION OF 22 MILLION RUPEES IN NEPOVIT CERAMIC

Source text: ID:nBSE4jgMmw

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March 13 (Reuters) - Asian Granito India Ltd ASGI.NS:

• APPOINTMENT OF DIBYENDU DEY AS CFO

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By Sumit Khanna

MORBI, India, March 6 (Reuters) - India's 650 billion rupees ($7 billion) ceramics and tiles industry risks grinding to a halt as the escalating Middle East conflict crimps fuel supplies, threatening hundreds of thousands of livelihoods, industry officials said.

Morbi, in Prime Minister Narendra Modi's home state of Gujarat in India's west, is one of the world's largest ceramic manufacturing hubs and the backbone of India's tile industry.

The U.S. and Israel's war on Iran has disrupted fuel shipments from the Middle East, hitting an industry that relies on propane and natural gas to fire its kilns.

Many of the cluster's roughly 800 ceramic units, which produce tiles, sanitary ware and other products, have been hit by fuel supply cuts and a pause in exports to the Middle East, the officials said.

Several using propane have already shut or are close to shutting operations due to shortages, while arranging on-site food and lodging to retain workers during the stoppage.

Some companies that depend on natural gas have begun receiving force majeure notices from suppliers, forcing them to suspend production.

"Restarting production without certainty of fuel availability is economically unviable," said Hitesh Detroja, chief of Lexus Granito. "The present situation could possibly be worse than the COVID‑19 period for the industry."

Tiles and bathware maker Asian Granito ASGI.NS said in a filing on Friday that it was evaluating alternative fuels and operational measures to soften the impact.

"If the fuel supply situation does not improve, all ceramic units in Morbi will observe a collective shutdown after March 15," said Manoj Arvadiya, president of the Morbi Ceramic Association.

The industry is also unable to ship finished goods to the Middle East, which normally takes about a quarter of Morbi's 30,000 monthly export containers.

"These shipments have come to a complete halt," said Niraj Kundariya, chief of global sales at Win-Tel Ceramics.

Shipping companies have also hiked freight charges by 20–30 times, making exports unviable, he added.

The industry has also urged the Gujarat state government to allow coal gasifiers - which convert coal into gas used as industrial fuel - as an alternative. Authorities banned them in Morbi in 2019 to curb air pollution.

($1 = 91.69 rupees)

(Writing by Sethuraman NR. Editing by Mayank Bhardwaj and Mark Potter)

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Feb 17 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA LTD - NCLT APPROVES SCHEME OF ARRANGEMENT FOR ASIAN GRANITO AND ADICON CERAMICS

Source text: ID:nBSE8NfrF0

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Feb 4 (Reuters) - Asian Granito India Ltd ASGI.NS:

• DEC-QUARTER CONSOL NET PROFIT 200.7 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.24 BILLION RUPEES

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April 23 (Reuters) - Asian Granito India Ltd ASGI.NS:

• INCORPORATES SUBSIDIARY IN SENEGAL

Source text: ID:nBSE1ln2S0

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Feb 7 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA DEC-QUARTER CONSOL NET PROFIT 2.7 MILLION RUPEES

• ASIAN GRANITO INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.60 BILLION RUPEES

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Feb 4 (Reuters) - Asian Granito India Ltd ASGI.NS:

• GETS ORDERS WITH TAX PENALTY OF 20.4 MILLION, 39.1 MILLION RUPEES

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** Shares of Asian Granito India ASGI.NS rise 10% to 76.49 rupees

** Ceramics co enters into joint venture agreement with Shudh Investments and UK-based Klyn Stone to acquire shares of Klyn AGL

** Klyn AGL is incorporated in England and Wales for business of large porcelain slabs, tiles and quartz products

** Trading vols at 1.1 mln , 1.8x 30-day average

** ASGI up ~2% YTD

(Reporting by Vijay Malkar)

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Dec 10 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA- ENTERS JOINT VENTURE AGREEMENT WITH SHUDH INVESTMENTS AND KLYN STONE

• ASIAN GRANITO INDIA - AGREEMENT TO ACQUIRE SHARES OF KLYN AGL

Source text: ID:nBSE9MW2Y6

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Nov 14 (Reuters) - Asian Granito India Ltd ASGI.NS:

• SEPT-QUARTER CONSOL NET PROFIT 64.9 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.84 BILLION RUPEES

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May 23 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA MARCH-QUARTER CONSOL NET LOSS 23.5 MILLION RUPEES VERSUS LOSS 446.9 MILLION RUPEES

• ASIAN GRANITO INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.24 BILLION RUPEES VERSUS 4.56 BILLION RUPEES

Source text for Eikon: ID:nBSE6yQZc7

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Jan 30 (Reuters) - Asian Granito India Ltd ASGI.NS:

• DEC-QUARTER CONSOL NET LOSS 62.1 MILLION RUPEES VERSUS LOSS 226.2 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.71 BILLION RUPEES VERSUS 3.99 BILLION RUPEES

• APPROVED PROPOSAL TO ENTER INTO THE MARKET OF THAILAND, UNITED KINGDOM AND ITALY

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** Shares of Asian Granito India ASGI.NS rise as much as 8.7% to 77.85 rupees, their highest level since Nov. 24

** The ceramic wall and floor tile manufacturer said its sanitaryware unit has commenced production, marking a shift from third-party sourcing to internal manufacturing

** Co expects turnover of around 4 bln rupees ($48.10 million) from sanitaryware and bathware division in five years

** Stock sees most active day since early November, trading vols at ~3x the 30-day avg as of 12:10 p.m. IST

** ASGI is up ~50% in 2023, set for its biggest yearly gain since 2017

($1 = 83.1640 Indian rupees)

(Reporting by Nishit Navin in Begaluru)

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Nov 8 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA LTD SEPT-QUARTER CONSOL NET LOSS 12.6 MILLION RUPEES VERSUS LOSS 32.8 MILLION RUPEES

• ASIAN GRANITO INDIA LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.01 BILLION RUPEES VERSUS 3.98 BILLION RUPEES

Source text for Eikon: ID:nBSE1fxgLJ

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** Shares of Asian Granito India ASGI.NS climb 13.6% at 73.15 rupees, their highest since May 13, 2022

** Stock on track for biggest pct gain since April 19 if trend holds

** Co says incorporated joint venture Nepovit Ceramic Pvt Ltd for wall tiles manufacturing unit in Nepal

** Co in September said it entered into a JV agreement with "various individuals of Nepal" without naming them

** More than 6.8 mln shares traded by 1:48 p.m. IST, 3.68x 30-day avg

** Stock up 13.43% as of 1:47 p.m. IST, taking YTD gains to 44%

(Reporting by Hritam Mukherjee in Bengaluru)

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Sept 25 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ENTERED JV AGREEMENT WITH VARIOUS INDIVIDUALS OF NEPAL

• TO OPEN JV CO TO SET UP WALL TILES MANUFACTURING UNIT IN NEPAL

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Sept 19 (Reuters) - Asian Granito India Ltd ASGI.NS:

• UNIT AGL SANITARYWARE WILL COMMENCE ITS COMMERCIAL PRODUCTION ON 1ST OCTOBER , 2023

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Aug 2 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA LTD - CO ACQUIRED 61% STAKE OF GRESART CERAMICA

• ASIAN GRANITO INDIA LTD - CONSIDERATION PAYABLE FOR PURCHASE OF SHARES 95.2 MILLION RUPEES

Source text for Eikon: ID:nBSEbq153G

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** Shares of ceramic wall and floor tile manufacturer Asian Granito India Ltd ASGI.NS down as much as 8.44% to 45.55 rupees, lowest since April 18

** Stock hits sharpest intraday pct loss since Feb. 3

** On track for second consecutive session of losses if trends hold

** ASGI reports consolidated net loss of 446.9 mln rupees ($5.4 mln), compared with profit of 120.9 million rupees a year earlier

** Consolidated revenue from ops falls 4.7% to 4.56 bln rupees

** About 1.54 mln shares change hands as of 12:36 p.m. IST, 0.9x the 30-day avg

** Stock down 1.87% YTD as of last close

($1 = 82.7200 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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May 24 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA MARCH-QUARTER CONSOL NET LOSS 446.9 MILLION RUPEES VERSUS PROFIT 120.9 MILLION RUPEES

• ASIAN GRANITO INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.56 BILLION RUPEES VERSUS 4.78 BILLION RUPEES

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May 12 (Reuters) - Asian Granito India Ltd ASGI.NS:

• INCORPORATED UNIT NAMED, HARMONY SURFACES MARBLES TR. L L C AT SHARJAH, UAE

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April 27 (Reuters) - Asian Granito India Ltd ASGI.NS:

• AMENDED THE PROPOSED PREFERENTIAL ISSUE

• ISSUE SIZE OF CONVERTIBLE WARRANTS AT 977.4 MILLION RUPEES

• ISSUE PRICE OF CONVERTIBLE WARRANTS AT 48.15 RUPEES PER WARRANT

Source text for Eikon: ID:nNSE4rtRW0

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April 25 (Reuters) - Asian Granito India Ltd ASGI.NS:

• ASIAN GRANITO INDIA LTD - APPROVED ISSUANCE OF FULLY CONVERTIBLE EQUITY WARRANTS UP TO 967.5 MILLION RUPEES

• ASIAN GRANITO INDIA LTD - APPROVED ISSUANCE OF FULLY CONVERTIBLE EQUITY WARRANTS AT AN ISSUE PRICE OF 45 RUPEES PER WARRANT

Source text for Eikon: ID:nBSE7S0CW0

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April 20 (Reuters) - Asian Granito India Ltd ASGI.NS:

• TO CONSIDER AND APPROVE RAISING OF FUNDS

• TO CONSIDER RAISING OF FUNDS VIA ISSUE OF SHARES, SECURITIES OR CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSE5l6TSt

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