This is in continuation to our letter bearing reference no. APL/SEC/57/2025-26/28 dated 10th March 2026, wherein it was informed that Hon ble National Company Law Tribunal, had sanctioned the Scheme of Amalgamation of Asian Paints (Polymers) Private Limited ( Transferor Company or AP Polymers ), a wholly owned subsidiary of Asian Paints Limited ( Transferee Company or Company ), with the Company ( Scheme of Amalgamation ).We wish to inform you that the Transferor Company and the Transferee Company have, today, i.e. 31st March 2026, filed the certified true copy of the Order sanctioning the Scheme of Amalgamation ( Order ) with the Registrar of Companies, Mumbai, Maharashtra ( Registrar ). Accordingly, the Effective Date of the Scheme of Amalgamation is 31st March 2026, and upon filing of the said Order with the Registrar, the Transferor Company stands dissolved without winding up.
ASIANPAINT · price
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Asian Paints has completed the merger of its wholly owned subsidiary, Asian Paints (Polymers) Private Limited (AP Polymers), into itself. The NCLT, Mumbai Bench had sanctioned the Scheme of Amalgamation on 10th March 2026. On 31st March 2026, the company filed the certified copy of the NCLT order with the Registrar of Companies, Mumbai, making this the Effective Date of the scheme. Upon this filing, AP Polymers stands dissolved without going through the winding-up process. Since AP Polymers was a wholly owned subsidiary, no shares are being issued to outside shareholders in exchange.
This is a routine internal restructuring move with no direct impact on shareholders' holdings or share price, as it only consolidates a 100% subsidiary into the parent. It may slightly simplify the group's corporate structure and reduce compliance costs going forward.