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Asian Granito India gets nod to increase capital contribution in Nepovit Ceramic
Jun-12-2026

Asian Granito India has received approval for proposal to increase capital contribution 3,47,67,000 Nepalese Rupee (Up to Rs 2.20 crore) in Nepovit Ceramic (NCPL), Foreign Associate Company of the company.

The capital contribution is intended to mitigate project cost as well as working capital requirement to commence the business operation in NCPL. The business of the entity is in line with the main business of Asian Granito India, and the transaction is expected to have a positive strategic impact on the consolidated operations of the company. 

The company presently holds 25% of the share capital of NCPL. Post the proposed investment, the company’s shareholding will remain unchanged at 25%. The Administrative Committee of the company at its meeting held on June 12, 2026 has approved the same. 

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.

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