Find enclosed communication with respect to the 80th Annual General meeting of the Company to be held on Thursday, 9th July 2026 at 11.00 a.m.
ASIANPAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asian Paints held its Board meeting on 29 May 2026 to approve audited FY2026 results. Standalone revenue grew ~4.1% YoY to Rs 30,769 crore, with PAT up ~18.3% to Rs 4,244 crore and EPS of Rs 44.27. Consolidated revenue stood at Rs 35,584 crore (up ~5%) with PAT of Rs 4,395 crore (up ~18.5%). The Board recommended a final dividend of Rs 23 per share, taking total FY2026 dividend to Rs 27.50 per share (interim Rs 4.50 already paid). Deloitte issued an unmodified (clean) audit opinion on both standalone and consolidated financials. The 80th AGM is scheduled for 9 July 2026 via VC. Notable items include an impairment loss on goodwill and intangible assets of Rs 93.87 crore (consolidated) recorded as an exceptional item, along with Rs 121.95 crore in bad debts written off. A Scheme of Amalgamation of wholly-owned subsidiary Asian Paints (Polymers) Private Limited into the Company became effective 31 March 2026 with effect from 1 April 2025.
Clean audit with strong PAT growth and higher dividend — positive for shareholders. However, the impairment loss and elevated bad debt write-offs signal some stress in asset quality or subsidiaries that investors should monitor, though the overall profit trajectory remains healthy.