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Informist, Tuesday, Mar. 10, 2026

 

--NCLT Mumbai approves Asian Paints (Polymers) merger with Asian Paints

 

NEW DELHI – The Mumbai bench of the National Company Law Tribunal Tuesday approved Asian Paints (Polymers) Pvt. Ltd.'s merger with Asian Paints Ltd. Asian Paints (Polymers) is a wholly-owned subsidiary of Asian Paints and according to the scheme of amalgamation, the former will dissolve following the approval of merger. A detailed order is awaited. 

 

The merger will help to drive back-end synergy in procurement, logistics, supply chain, technology operations, and shared services, ensuring optimal resource utilisation and fostering centers of excellence, said the applicants before the tribunal. The amalgamation will strengthen organisational capabilities around operational and financial areas, driving scale benefits through leveraging resources, the petitioners said. 

 

The scheme of amalgamation will help in reducing the multiplicity of legal and regulatory compliances, generate economies in administrative costs and facilitate consolidation to enable effective management. Further, the amalgamation will maximize shareholder value of Asian Paints, the petitioners said.

 

Asian Paints (Polymers) is engaged in the business of manufacture and trade of all kinds of chemicals and chemical compounds, plastic materials, emulsions, monomers, vinyl acetate ethylene emulsions, vinyl acetate monomers, styrene, butadiene among others. It is currently in the process of setting up manufacturing facilities for vinyl acetate ethylene emulsions and vinyl acetate monomers with a capacity of 150,000 and 100,000 tonnes per annum, respectively, in Dahej, Gujarat, subject to obtaining necessary regulatory and other approvals. 

 

Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing related services. The net worth of Asian Paints (Polymers) and Asian Paints as on Jun. 30, was INR 9.02 billion and INR 181.53 billion, respectively.

 

At 1151 IST, shares of Asian Paints were up nearly 2% at INR 2,262.20 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Surya Tripathi

Edited by Vandana Hingorani

 

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