We wish to inform you that the Hon ble National Company Law Tribunal, Mumbai, vide its Order dated 10th March 2026, has sanctioned the Scheme of Amalgamation of Asian Paints (Polymers) Private Limited with the Company.
ASIANPAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts less than Nifty 100 and 2.2 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The NCLT Mumbai Bench has approved the merger of Asian Paints (Polymers) Private Limited (AP Polymers), a wholly-owned subsidiary of Asian Paints, into Asian Paints Limited. The Appointed Date for the merger is 1st April 2025, and the scheme will become effective once the certified copy of the order is filed with the Registrar of Companies. AP Polymers, which is setting up a VAE and VAM manufacturing facility in Dahej, Gujarat, will be dissolved without winding up post-merger. No new shares will be issued since AP Polymers is wholly-owned, so there is no change in Asian Paints' share capital. The company has stated there is no material financial impact from the amalgamation.
Neutral to marginally positive for shareholders — this is an internal consolidation of a wholly-owned subsidiary with no share dilution, no change in capital structure, and no open offer triggered. The merger brings the raw material (VAE/VAM) business directly under the listed entity, potentially improving operational synergies and simplifying the group structure.