Aro Granite Industries Proposes ₹67 Crore Slump Sale To United Stones

Board approved slump sale of a business unit to United Stones for Rs 67 Cr, subject to shareholder, bank and regulatory approvals. The unit contributed Rs 11.96 Cr revenue and represented 27.70% of net worth; proceeds will fund core expansion, loan reduction and working capital. Completion date, buyer funding, valuation rationale and accounting gain are not disclosed; transaction remains subject to approvals and BTA execution.