Asian Paints Limited

rs,

23/47 20th October, 2022 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 500820 National Stock Exchange of I

51%

ind, the Company would be acquiring majority stake in the following phases: (i) First tranche of 51% would be acquired for a consideration of Rs. 12.75 crores (approx.); and (ii) Second tranche of 19%

Rs. 12.75 crore

stake in the following phases: (i) First tranche of 51% would be acquired for a consideration of Rs. 12.75 crores (approx.); and (ii) Second tranche of 19% and third tranche of 20% would be acquired during the FY

19%

51% would be acquired for a consideration of Rs. 12.75 crores (approx.); and (ii) Second tranche of 19% and third tranche of 20% would be acquired during the FY 2023 – 24 and FY 2027 – 28, respectively,

20%

a consideration of Rs. 12.75 crores (approx.); and (ii) Second tranche of 19% and third tranche of 20% would be acquired during the FY 2023 – 24 and FY 2027 – 28, respectively, on such consideration as

100%

mited Disclosure Harind Chemicals and Pharmaceuticals Private Limited (“Harind”). Harind has a 100% subsidiary Nova Surface Care Centre Private Limited. No None of the Promoter(s) / persons belo

90%

documents entered into by the Company with shareholders of Harind, the Company would be acquiring 90% stake in the equity share capital of Harind in a staggered manner, over the period of next five (

Rs. 10

90% of the equity share capital of Harind divided into 1,80,000 equity shares of the face value of Rs. 10/- each for the aforementioned consideration to be acquired over the period of next five (5) years

Rs. 23 crore

ate of incorporation: 6th June, 1995 (c) Last 3 years’ turnover: 2021 – 22 2020 – 21 2019 – 20 Rs. 23 crores Rs. 19.3 crores Rs. 9.3 crores (d) Country of operations – India (e) Net worth as on 31st Marc

Rs. 19.3 crore

ation: 6th June, 1995 (c) Last 3 years’ turnover: 2021 – 22 2020 – 21 2019 – 20 Rs. 23 crores Rs. 19.3 crores Rs. 9.3 crores (d) Country of operations – India (e) Net worth as on 31st March, 2022: Rs. 4.3

Rs. 9.3 crore

1995 (c) Last 3 years’ turnover: 2021 – 22 2020 – 21 2019 – 20 Rs. 23 crores Rs. 19.3 crores Rs. 9.3 crores (d) Country of operations – India (e) Net worth as on 31st March, 2022: Rs. 4.3 crores v Pre

Rs. 4.3 crore

.3 crores Rs. 9.3 crores (d) Country of operations – India (e) Net worth as on 31st March, 2022: Rs. 4.3 crores v Press Release Asian Paints enters into nanotechnology partnership with Harind Mumbai, Oct

“(a) Products/line of business of the target entity: as stated above in Sl.”

Brief details of Harind are given below

1

About Asian Paints Limited

1

Brief details of Harind are given below

(a) Products/line of business of the target entity: as stated above in Sl. No. 3 and 4 (b) Date of incorporation: 6th June, 1995 (c) Last 3 years’ turnover: 2021 – 22 2020 – 21 2019 – 20 Rs. 23 crores Rs. 19.3 crores Rs. 9.3 crores (d) Country of operations – India (e) Net worth as on 31st March, 2022: Rs. 4.3 crores v Press Release Asian Paints enters into nanotechnology partnership with Harind Mumbai, October 20, 2022: Asian Paints has, today, entered into definitive agreements to acquire 51% stake in Harind Chemicals and Pharmaceuticals Private Limited (“Harind”) from Aapex Power and Industries Private Limited, Dr. Swapan Ghosh & others (“existing shareholders”), for a consideration of approximately Rs. 12.75 crores, subject to completion of the conditions precedent set in the definitive documents. It is also agreed to acquire further 39% stake in Harind from the existing shareholders, in a staggered manner, over the next 5 years, subject to fulfilment of certain conditions preceden

About Asian Paints Limited

Asian Paints is India’s leading paint and décor company and ranked among the top ten Decorative coatings companies in the world with a consolidated turnover of ₹ 29,101.28 crores (₹ 291 billion) with a market capital of approx. ₹ 3100 billion. Asian Paints along with its subsidiaries have operations in 15 countries across the world with 27 paint manufacturing facilities, servicing consumers in over 60+ countries through Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints also offers a wide range of Home Décor products and is an emerging strong player in the Home Improvement and Décor space in India. Corporate Identification Number (CIN): L24220MH1945PLC004598 Regd Office : Asian Paints House, 6A Shanti Nagar, Vakola Pipeline , Santacruz (E), Mumbai 400055. India Corporate Communications : Tel : +91-22-62181168 (D) / 62181000 (B); Fax : +91-22-62181111 Email : proffice@asianpaints.com