This is to inform you that the Board of Directors of Asian Paints Limited, at their meeting held today i.e. Tuesday, 29th July 2025 have, inter alia, approved the Scheme of Amalgamation of Asian Paints (Polymers) Private Limited, ("Transferor Company or AP Polymers ), wholly - owned subsidiary of Asian Paints Limited ("Transferee Company" or Company ) with the Company in accordance with the provisions of the Companies Act, 2013 and other applicable laws.

The Board of Asian Paints approved merging its wholly-owned subsidiary, Asian Paints (Polymers) Private Limited (AP Polymers), into the parent company. AP Polymers was set up to manufacture VAM and VAE chemicals for captive use by Asian Paints, with a facility under construction in Dahej, Gujarat; it has a net worth of Rs. 804.27 crore but no revenue yet, while Asian Paints has a net worth of Rs. 19,049 crore and turnover of Rs. 36,348 crore. Since AP Polymers is fully owned by Asian Paints, no cash or share consideration is involved and there is no change in the shareholding pattern of the listed entity. The company said the merger will not have any material impact on its financials. The scheme is subject to approvals including the NCLT, Mumbai, and other regulators.