Restile Ceramics Approves 21.12 Crore Share Swap For Bell Granito Acquisition

Board approved acquiring 98.89% of Bell Granito Ceramica via Rs 11.7 Cr cash and 21.12 Cr-share swap at Rs 10 (1000:585); raised authorised capital to Rs 320 Cr; EGM Oct 28. Advances long-pending Bell Granito combination cited as going-concern fix; related-party deal with promoters selling; step change from tiny trading-only model. Creates heavy dilution with 21.12 Cr new shares; FPI to hold 24.88% post; needs shareholder and BSE nod, 6-month close; cash funding and valuation basis undisclosed.