ASIAN PAINTS LTD.
NSE : ASIANPAINTBSE : 500820ISIN
CODE : INE021A01026Industry : PaintsHouse
: Asian Paints
BSE2844.60-15.45 (-0.54 % )
PREV CLOSE (Rs.) 2860.05
OPEN PRICE (Rs.) 2855.45
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 63042
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE2844.15 -17.3 (-0.6 % )
PREV CLOSE(Rs.) 2861.45
OPEN PRICE (Rs.) 2870.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 2844.15 (262 )
VOLUME 625507
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 28-Mar-2024 | Asian Paints informs about change in directorate | <div style="text-align: justify;">Asian Paints has informed that the Board of Directors of the Company at their meeting held today i.e. Thursday, 28th March 2024, based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of the shareholders of the Company, have unanimously approved the appointment of Dr. Gopichand Katragadda (DIN: 02475721) as an Additional and Independent Director of the Company for a period of five years with effect from 1st April 2024 to 31st March 2029. The brief profile of Dr. Gopichand Katragadda is enclosed. Dr. Gopichand Katragadda is not related to any of the Directors and/or Key Managerial Personnel and/or members of the Promoter(s)/Promoter(s) group of the Company. To the best of our knowledge and information and as confirmed by Dr. Gopichand Katragadda, he has not been debarred from holding the office as a Director of the Company, by virtue of an Order passed by the Securities and Exchange Board of India or any other authority. Further, as affirmed by him, he is not disqualified from holding the office as a Director pursuant to the provisions of Section 164 of the Companies Act, 2013. The approval of the shareholders for the aforesaid appointment will be sought by Postal Ballot and requisite details regarding the Postal Ballot will be communicated in due course. The Board Meeting commenced at 10:00 am IST and it will continue till its scheduled time up to 5 pm IST.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 22-Mar-2024 | Asian Paints informs about disclosure | <div>Asian Paints has informed that it enclosed Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 21, 2024 for Smiti Holding and Trading Company.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 16-Mar-2024 | Asian Paints informs about loss of share certificates | <div style="text-align: justify;">Asian Paints has informed that it enclosed the intimation dated 14th March 2024 received from Link Intime India (erstwhile TSR Consultants), Registrar and Share Transfer Agent, providing information regarding issue of duplicate share certificates in favour of shareholder(s) of the Company. Further, in accordance with the SEBI Notification No. SEBI/LAD-NRO/GN/2022/66 dated 24th January 2022 read with SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/70 dated 17th May 2023, a letter of confirmation in lieu of the physical share certificate will be issued to the said shareholder(s) of the Company within the prescribed timelines. This information is being submitted pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 07-Mar-2024 | Asian Paints' arm to set up Ethylene storage, handling facility in Gujarat | <p style="text-align: justify;">Asian Paints' wholly-owned subsidiary -- Asian Paints (Polymers) (APPPL) has entered into requisite agreements with Gujarat Chemical Port (GCPL) to set up an Ethylene storage and handling facility in Dahej, Gujarat. Ethylene is a key raw material for the manufacture of VAM/VAE.</p><p style="text-align: justify;">As a part of the arrangement with GCPL, APPPL will be providing a security deposit of Rs 460 crore to GCPL which will be refunded over a period of 17 - 18 years. This would be in addition to the cost of setting up the VAM and VAE manufacturing facility as envisaged before.</p><p style="text-align: justify;">GCPL, a joint venture promoted by the Government of Gujarat, has been in operation since the year 2000 and is a strategic commercial port in Dahej with an annual turnover of around Rs 650 crore. GCPL owns and operates a network of shore-based tank farm installations for the receipt, storage, and handling of bulk chemicals.</p><p style="text-align: justify;">Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.</p> |
| 07-Mar-2024 | Asian Paints gains as its arm enters into agreements to set up Ethylene storage, handling facility | <p style="text-align: justify;">Asian Paints is currently trading at Rs. 2853.20, up by 25.60 points or 0.91% from its previous closing of Rs. 2827.60 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2827.60 and has touched a high and low of Rs. 2871.95 and Rs. 2826.45 respectively. So far 22154 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2705.90 on 03-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2871.95 and Rs. 2777.80 respectively. The current market cap of the company is Rs. 273189.12 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.90% and 19.48% respectively.</p><p style="text-align: justify;">Asian Paints' wholly-owned subsidiary -- Asian Paints (Polymers) (APPPL) has entered into requisite agreements with Gujarat Chemical Port (GCPL) to set up an Ethylene storage and handling facility in Dahej, Gujarat. Ethylene is a key raw material for the manufacture of VAM/VAE.</p><p style="text-align: justify;">As a part of the arrangement with GCPL, APPPL will be providing a security deposit of Rs 460 crore to GCPL which will be refunded over a period of 17 - 18 years. This would be in addition to the cost of setting up the VAM and VAE manufacturing facility as envisaged before.</p><p style="text-align: justify;">GCPL, a joint venture promoted by the Government of Gujarat, has been in operation since the year 2000 and is a strategic commercial port in Dahej with an annual turnover of around Rs 650 crore. GCPL owns and operates a network of shore-based tank farm installations for the receipt, storage, and handling of bulk chemicals.</p><p style="text-align: justify;">Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.</p> |
| 04-Mar-2024 | Asian Paints informs about disclosure | <p style="text-align: justify;">Asian Paints has informed that the exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ina Ashwin Dani.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div> |
| 20-Feb-2024 | Asian Paints informs about disclosure | <div>Asian Paints has informed that it enclosed disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 20, 2024 for Hiren A Gandhi.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 15-Feb-2024 | Asian Paints acquires 51% stake in Harind | <p style="text-align: justify;">Asian Paints has acquired 51% of the equity share capital of Harind Chemicals and Pharmaceuticals (Harind) from Aapex Power and Industries for a consideration of Rs 14.28 crore (as against the earlier agreed consideration of Rs 12.75 crore). The increase in the consideration paid is in accordance with the terms of the Share Purchase Agreements & other definitive documents entered into by the Company with Aapex, the existing shareholders, and Harind. Accordingly, Harind and Nova Surface-Care Centre, a wholly owned subsidiary of Harind, have become subsidiary companies of the Company.</p><p style="text-align: justify;">The second tranche of 19% and the third tranche of 20% would be acquired from the existing shareholders, in a staggered manner, on such consideration as agreed between the Company and the existing shareholders, based on the achievement of certain financial targets and subject to the fulfilment of certain conditions precedent, as per the terms of the Share Purchase Agreements & other definitive documents. The Stock Exchanges will be intimated about the same in due course.</p><p style="text-align: justify;">Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.</p> |
| 15-Feb-2024 | Asian Paints inches up on acquiring 51% stake in Harind | <p style="text-align: justify;">Asian Paints is currently trading at Rs. 2980.50, up by 4.15 points or 0.14% from its previous closing of Rs. 2976.35 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2982.00 and has touched a high and low of Rs. 2989.90 and Rs. 2969.00 respectively. So far 600 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2701.00 on 23-Feb-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2989.90 and Rs. 2910.00 respectively. The current market cap of the company is Rs. 285490.83 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.90% and 19.47% respectively.</p><p style="text-align: justify;">Asian Paints has acquired 51% of the equity share capital of Harind Chemicals and Pharmaceuticals (Harind) from Aapex Power and Industries for a consideration of Rs 14.28 crore (as against the earlier agreed consideration of Rs 12.75 crore). The increase in the consideration paid is in accordance with the terms of the Share Purchase Agreements & other definitive documents entered into by the Company with Aapex, the existing shareholders, and Harind. Accordingly, Harind and Nova Surface-Care Centre, a wholly owned subsidiary of Harind, have become subsidiary companies of the Company.</p><p style="text-align: justify;">The second tranche of 19% and the third tranche of 20% would be acquired from the existing shareholders, in a staggered manner, on such consideration as agreed between the Company and the existing shareholders, based on the achievement of certain financial targets and subject to the fulfilment of certain conditions precedent, as per the terms of the Share Purchase Agreements & other definitive documents. The Stock Exchanges will be intimated about the same in due course.</p><p style="text-align: justify;">Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.</p><div style="text-align: justify;"><br></div> |
| 30-Jan-2024 | Asian Paints informs about disclosures | <div style="text-align: justify;">Asian Paints has informed that it enclosed the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malav Ashwin Dani.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
