Aro Granite Seeks Approval For ₹67 Crore Jaipur Unit Sale

Aro Granite Industries Limited has proposed a ₹67 crore slump sale of its Jaipur unit.

The company is seeking shareholder approval through a postal ballot process starting September 21, 2026.

Reader Takeaway: Asset monetisation may improve capital allocation, but execution after sale remains important.

What just happened

Aro Granite Industries has proposed the sale of its existing Jaipur Unit to United Stones Private Limited for a lump sum consideration of ₹67 crore.

The unit is located at Plot No. PA-008-010 to 014 in the Multi-Product SEZ of Mahindra World City (Jaipur) Limited.

The company is seeking approval through a special resolution, with remote e-voting scheduled from September 21, 2026, to October 20, 2026. Shareholders registered as of September 11, 2026, will be eligible to vote.

Why this matters

The company said the transaction is aimed at focusing management resources on core business segments, monetising non-strategic assets and improving financial efficiency.

Aro Granite plans to use proceeds from the sale for debt reduction, working capital requirements and reinvestment into core business areas.

The consideration of ₹67 crore is higher than the fair values assessed by two independent registered valuers, which were ₹62.56 crore and ₹63.28 crore.

Related party transaction

Aro Granite is also seeking shareholder approval for related party transactions with Aro Granite International INC. USA for FY2026-27.

The proposed transactions involve sale of granite tiles, granite slabs and quartz slabs up to ₹50 crore.

The company said Aro Granite International INC. USA acts as its export marketing and distribution arm in the US market. The transactions are carried out in the ordinary course of business and on an arm’s length basis, according to the company.

The company is seeking approval as a governance measure despite stating that the transaction does not technically exceed the materiality threshold under SEBI Listing Regulations.

What changes now

The postal ballot results will be declared on or before October 22, 2026. Voting will take place only through CDSL’s remote e-voting facility, with no physical ballot forms being issued.

What to track next

Investors will monitor shareholder approval, completion of the Jaipur unit sale and how the company deploys the proceeds after the transaction.