Aro Granite sells Jaipur unit for ₹67 crore in 2026

Deal snapshot and why it matters

Aro Granite Industries Limited has approved a slump sale of its Jaipur unit for ₹67 crore, according to a disclosure sourced from BSE. The company said the Jaipur unit contributes 16.3% of its turnover, making the proposed divestment a meaningful operational change rather than a small asset sale. The buyer is United Stones Pvt Ltd. The company stated that the buyer is not related to the promoter group, positioning the transaction as an arm’s length deal. The sale will still require shareholder approval through a postal ballot. For investors, the announcement is material because it combines a unit sale with a separate plan to raise promoter funding for working capital.

Slump sale details: buyer, structure, and approvals

The board-approved transaction is structured as a slump sale of the Jaipur unit for ₹67 crore. Aro Granite identified the acquirer as United Stones Pvt Ltd. The disclosure notes that United Stones is unrelated to the promoter group. Even after board approval, the transaction is contingent on shareholder consent, which the company said will be sought via a postal ballot. The company’s communication frames the unit as a meaningful part of the current business mix, citing the 16.3% turnover contribution. No further operational metrics for the Jaipur unit were provided in the shared material beyond its turnover share.

Promoter loan proposal: up to ₹50 crore for working capital

Separately, Aro Granite Industries is securing a loan of up to ₹50 crore from its Managing Director and Promoter, Mr. Sunil Kumar Arora, to address working capital needs. The arrangement is described as being drawn “as needed” and repaid when feasible. The transaction requires shareholder consideration because it involves a promoter. Mr. Arora holds a 33.16% stake, within a promoter group holding of 41.08%, as cited in the provided information. The Audit Committee has approved the proposal and certified it as being in the company’s best interest. The company also stated that no external bids were solicited for the borrowing.

Shareholder approvals and governance disclosures

The company indicated it will approach shareholders for approval for the promoter borrowing of up to ₹50 crore to manage working capital and funding requirements for FY26-27. One part of the provided material states that shareholder approval will be sought at the company’s 38th Annual General Meeting (AGM) on 11 September 2026. Another section states the 38th AGM will be held on 28 August 2026 at 12:00 PM (IST) through video conferencing or other audio-visual means, with remote e-voting available from 25 August 2026 (9:00 AM IST) to 27 August 2026 (5:00 PM IST), and a cut-off date of 21 August 2026. The shared text does not reconcile the date difference; it only indicates that shareholder approval processes are underway for promoter borrowing, and that the slump sale requires approval via postal ballot.

Business profile and operating footprint

Aro Granite Industries is described as a manufacturer and trader of polished and flamed granite tiles and slabs in India. The overview also states the company manufactures modular granite tiles and granite random slabs. The product range includes granite slabs in various finishes such as polished, flamed, honed, and brushed finishes, along with tiles adhering to customer specifications. The company is described as Delhi-based, and it operates a 100% Export Oriented Unit in Hosur, Tamil Nadu. These details provide context to the impact a unit sale can have on production and revenue mix.

Financial context: FY ended March 2026 and latest quarter trend

For the financial year ended 31 March 2026, Aro Granite Industries reported net sales and other income of ₹85.33 crore. It also reported an operating loss of ₹1.79 crore, a loss before tax of ₹11.62 crore, and a net loss after tax of ₹11.81 crore. In another cited line item, revenue from operations for FY26 stood at ₹73.52 crore, alongside a net loss before tax of ₹11.62 crore.

The March 2026 quarter was described as the lowest quarterly sales figure in the available seven-quarter dataset in the provided text. Revenue for the quarter fell 57.03% year-on-year to ₹11.52 crore. Sequentially, the same note stated revenue declined 21.58% from ₹14.69 crore in the December 2025 quarter.

Key numbers table

Market impact: what these moves signal for investors

The company’s approved Jaipur unit slump sale and proposed promoter borrowing are both balance-sheet-relevant actions. The unit sale involves an asset that contributes 16.3% of turnover, which makes the transaction important for revenue composition and operational scale. The promoter loan proposal explicitly targets working capital, and the need for such funding is framed against losses reported for FY ended March 2026. The disclosures also underline governance steps, including Audit Committee approval and a requirement for shareholder consideration due to promoter involvement. Separately, the referenced quarterly revenue contraction (₹11.52 crore in the March 2026 quarter) highlights the scale of the downturn described in the provided material.

AGM and audit-related updates

Aro Granite Industries announced the appointment of Sreekantha & Co., Chartered Accountants, as Internal Auditors for the financial year 2026-27. The company also announced its 38th AGM to be held via video conferencing or other audio-visual means, along with the remote e-voting window and cut-off date stated in the shared text. Another portion of the provided content indicates shareholder approval for promoter borrowing may be sought at an AGM stated as 11 September 2026. Investors typically track these dates closely because the borrowings and related-party aspects require shareholder decisions.

Conclusion

Aro Granite Industries’ board-approved ₹67 crore slump sale of the Jaipur unit, which contributes 16.3% of turnover, and the proposed promoter loan of up to ₹50 crore together mark a significant set of corporate actions. The company has said the buyer, United Stones Pvt Ltd, is unrelated to the promoter group, and that shareholder approval is required through a postal ballot for the sale. The promoter borrowing also needs shareholder consideration due to the promoter’s stake and the related-party nature of the transaction. Next milestones will be the shareholder voting processes referenced in the disclosures, including the AGM and the postal ballot outcome.