Asian Paints (ASIANPAINT) — Corporate Action

Asian Paints Limited has completed the legal merger of its wholly owned subsidiaries Maxbhumi Developers Limited and Sleek International Private Limited into itself, effective April 1, 2024, following NCLT Mumbai approval on January 24, 2025. The consolidation eliminates administrative overhead, integrates complementary real estate and home décor businesses, and preserves all shareholder rights without new share issuance or capital restructuring. The scheme transfers assets, liabilities, contracts, and employee obligations seamlessly, with tax liabilities and regulatory compliance fully assumed by the parent company.

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About Asian Paints Limited (ASIANPAINT)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹2,49,928.58 Cr P/E: 65.0 ROE: 19.8% ROCE: 26.0%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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