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Asian Paints informs about effective date of scheme of amalgamation

01 Mar 2025 Evaluate

In continuation to its letter no. APL/SEC/51/2024-25/3 dated 24th January 2025, wherein it was informed that the Hon’ble National Company Law Tribunal, Mumbai Bench (‘NCLT’), had sanctioned the Scheme of Amalgamation of Maxbhumi Developers and Sleek International (collectively referred to as ‘Transferor Companies’), wholly owned subsidiaries of Asian Paints (‘Transferee Company’ or ‘the Company’) with the Company (‘Scheme of Amalgamation’). Asian Paints has informed that the Transferor Companies and the Transferee Company have today 1st March 2025, filed the certified copy of the Order sanctioning the Scheme of Amalgamation, with the Registrar of Companies, Maharashtra, at Mumbai. Accordingly, the Effective Date of the Scheme of Amalgamation is 1st March 2025.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Asian Paints 2446.00
Berger Paints India 450.75
Kansai Nerolac Paint 182.20
JSW Dulux 3152.35
Indigo Paints 1133.00
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