Kansai Nerolac Paints Limited has informed the Exchange about Scheme of Amalgamation of Nerofix Private Limited (wholly owned subsidiary) with Kansai Nerolac Paints Limited.
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Awaiting price reaction for this filing.
Kansai Nerolac Paints' board, on August 11, 2025, approved the merger of its wholly owned subsidiary Nerofix Private Limited into itself under a Scheme of Amalgamation, with an appointed date of April 1, 2025. Nerofix makes adhesives and paint-related products (FY25 turnover Rs. 125.33 crore), while Kansai Nerolac's FY25 turnover stood at Rs. 7,496.71 crore. Since Nerofix is wholly owned, no new shares will be issued, no cash will change hands, and the subsidiary's shares held by the parent will simply be cancelled — so there is no share exchange ratio. All assets, liabilities, and operations of Nerofix will transfer to Kansai Nerolac. The scheme still needs approvals from shareholders, creditors, and regulatory authorities before becoming effective.
This is a routine internal restructuring with no change in Kansai Nerolac's shareholding pattern or equity base, so minority shareholders are unaffected and no meaningful stock price reaction is expected.