Asian Granito India has informed that the Board of Directors of the Company at its meeting held on July 25, 2016 has approved the Allotment of 7,504,905 fully paid up Equity Shares of Rs 10 each pursuant to approved Scheme of Arrangement in nature of Amalgamation by Hon’ble High Court of Gujarat between Artistique Ceramics and Asian Granito India and their respective shareholders and creditors; and the Board has also approved the change in object clause pursuant to the approved Scheme of Amalgamation.
The above information is a part of company’s filings submitted to BSE.
