Indian Retail Market for Granite

Hosur, Tamil Nadu, 05.02.2008 : Aro Granite Industries Ltd. (AGIL) in the board meeting has decided to enter the growing Indian retail market for Granite.

The company with its in-depth product knowledge, state of the art facility for processing of granite slabs and tiles and ability to source a vast variety of granite from India and the International markets is poised to take the logical route of tapping into the India growth story.

The retail rollout would involve setting up of first of a kind branded model showroom for granite and on improvising on the model based on market feedback and to ramp up the total outlets to 25 outlets over a period of 5 years. Each outlet would be a complete fabrication unit delivering top quality finished, ready to install, customized products to the customer. To cater to this retail market entry the production capacity and facilities will also be increased accordingly.

About Aro Granite Industries Ltd.
Aro Granite Industries Ltd. is engaged in the manufacture of Modular Granite Tiles and Granite Random Slabs. It is a 100% Export Oriented Unit and exports its entire production to North America, Europe and the Far East. The Company is certified ISO 9001:2000 Quality Management Systems by RWTUV, Germany.

For further information regarding this press release, please contact :
Mr. Sunil K. Arora
Managing Diurector
Aro Granite Industries Ltd.
#103, SIPCOT Industrial Complex,
Hosur-635126
Tamilnadu, India.
Tel : +91 4344 276860
Email : arotile@giasbg01.vsnl.net.in
Website : http://www.arotile.com

ISIN Code is : INE210C01013
BSE scrip code is : 513729, Scrip ID-AROGRANI
NSE scrip code is AROGRANITE
 

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National Stock Exchange (NSE) Listing

Hosur, Tamil Nadu, 20-04-2007 : Aro Granite Industries Ltd. (AGIL) has gotten acceptance from NSE for listing on its exchange from 24th April 2007 (in addition to the existing listing on BSE). The symbol for the company on NSE shall be AROGRANITE

The shares shall be traded in the normal market segment (Rolling Settlement) in compulsory demat for all investors.

This step has been taken by the company to provide it's investors with greater ease of access to the company's stock. With the stock listed on NSE along with BSE, investing in the company's stock shall be available to a large number of additional investors who had limited acess to any one exchange.

With this listing, AGIL becomes the first 100% EOU granite processing company to be listed on the National Stock Exchange of India.

The company's shares closed at Rs. 104.30 on the BSE at the end of of closing on 20th April 2007.

About Aro Granite Industries Ltd.
Aro Granite Industries Ltd. is engaged in the manufacture of Modular Granite Tiles and Granite Random Slabs. It is a 100% Export Oriented Unit and exports its entire production to North America, Europe and the Far East. The Company is certified ISO 9001:2000 Quality Management Systems by RWTUV, Germany.

For further information regarding this press release, please contact :
Mr. Sunil K. Arora
Managing Diurector
Aro Granite Industries Ltd.
#103, SIPCOT Industrial Complex,
Hosur-635126
Tamilnadu, India.
Tel : +91 4344 276860
Email : arotile@giasbg01.vsnl.net.in
Website : http://www.arotile.com

ISIN Code is : INE210C01013
BSE scrip code is : 513729, Scrip ID-AROGRANI
NSE scrip code is AROGRANITE

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Hosur, Tamil Nadu, 31.07.06:
To capitalize on the growing global demand for Granite Slabs and Tiles and the Company’s order book, Aro Granite Industries Ltd. (AGIL) has embarked on a major expansion plan for the financial year 2006-07.

The Company is poised to partake in the worldwide growth in Infrastructure projects, housing and reconstruction activities. With expanded capacities, assurance of raw material and most importantly commitment to quality, AGIL shall be at the forefront of being one of the most respected names in the Industry.

The Company’s Tile processing capacity shall be enhanced by 200% and slabs processing capacity shall be increased by 32%, effectively almost doubling the Company’s manufacturing capacity (see table for details). This would also bring the capacity close to the 1 million Sq. Mt. mark, (from the current 475,000 Sq. Mt.) making the Company one of the few Companies in India to achieve this level.

The total funds requirement of INR 340 million for this expansion, have already been arranged through a term loan sanctioned by ICICI Bank to the tune of INR 240 million and the balance INR 100 million has been raised through internal accruals. Due to the favourable cash flow position of the Company, raising additional equity for this expansion has not been considered. The management of the Company believes that this approach for financing the capital requirement is consistent with the Company’s philosophy of maximizing shareholder wealth.

The expansion is expected to be completed by December 2006 and the new plant commissioned by January 2007.

For further information regarding this News Release, please contact :

Mr. Sunil K. Arora,
Managing Director,
Aro Granite Industries Ltd.,
103, SIPCOT Industrial Complex, Hosur - 635 126, Tamil Nadu.
Tel. : 04344-276860
E-mail : arotile@giasbg01.vsnl.net.in

(BSE - 513729 SCRIP ID - AROGRANI)

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