Company Profile

Kansai Nerolac Paints has informed that the 99th AGM of the Company was held on Friday, 21st June, 2019 at Walchand Hirachand Hall, 4th Floor, IMC Chamber of Commerce & Industry, IMC Building, IMC Marg, Churchgate, Mumbai-400020 (said AGM). Items forming part of the Notice for the said AGM, were considered and approved by the shareholders through Remote E-voting and physical voting conducted through poll at the said AGM (Poll), with requisite majority. The Consolidated Scrutinizers report dated 21st June, 2019, pursuant to Section 108 of the Companies Act 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, with respect to the results of Remote E-voting and Poll is enclosed as Annexure B.

The above information is a part of company’s filings submitted to BSE.

Kansai Nerolac Paints is currently trading at Rs. 430.25, up by 0.20 points or 0.05% from its previous closing of Rs. 430.05 on the BSE.

The scrip opened at Rs. 423.00 and has touched a high and low of Rs. 430.25 and Rs. 413.00 respectively. So far 4751 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 540.45 on 13-Aug-2018 and a 52 week low of Rs. 343.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 443.50 and Rs. 372.00 respectively. The current market cap of the company is Rs. 23173.55 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 15.36% and 9.65% respectively.

Kansai Nerolac Paints has entered into joint venture agreement with Polygel Industries. By virtue of the joint venture agreement, the company and Polygel will establish a joint venture in India, by incorporating a separate company, to which the adhesives, construction chemicals and sealants business of Polygel would be transferred under a separate Business Transfer Agreement.

Kansai Nerolac Paints is amongst the leading paint companies in India. The company offers a range of products, including decorative, Automotive Coatings and Performance coatings.

UNAIDS has signed a non-exclusive Long-Term Agreement (LTA) with Trigyn Technologies’ wholly owned subsidiary -- Trigyn Technologies Inc., for providing Open source IT services such as Drupal/PHP and Django/Python. This LTA will be for two years (May 2021). Under this LTA, Trigyn Technologies Inc. will provide onsite as well as offsite technical and function resources under fixed Price contracts as well as time and material (T&M) contracts.

Vakrangee has entered into alliance with Dish TV India for distribution of subscription recharge and providing collection services for both its brands - DishTV and d2h. This alliance will help consumers to avail the DTH services of DishTV and d2h brands in the remote areas and increase their reach in the underserved and unserved areas.

Artson Engineering has received a Letter of Intent (LoI) from Tata Projects for the contract worth Rs 20.32 crore. The nature of the contract is to supply and manufacturing of 6 Nos. Air Vessels (Total weight - 1320 Metric Tons) under CCOE, PESO approval. The period by which the contract is to be executed is 11 Months from the date of LoA.

Kansai Nerolac Paints has entered into joint venture agreement with Polygel Industries. By virtue of the joint venture agreement, the company and Polygel will establish a joint venture in India, by incorporating a separate company, to which the adhesives, construction chemicals and sealants business of Polygel would be transferred under a separate Business Transfer Agreement.

Lupin has received tentative approval for its Fosaprepitant for Injection, 150 mg Single-Dose Vial, from the United States Food and Drug Administration (USFDA) to market a generic version of Emend for Injection, 150 mg Single-Dose Vial, of Merck Sharp & Dohme Corp. (Merck).

Alembic Pharmaceuticals has entered into a Joint Venture Agreement (JVA) with SPH SINE Pharmaceutical Laboratories, China (SPH Sine) & Adia (Shanghai) Pharma, China (Adia) to promote and sell pharmaceutical products for the Chinese market. Initially this JV will commercialize products manufactured by Alembic Pharmaceuticals. Subsequently the JV plans to set up a manufacturing facility in China.

Jyothy Laboratories has reported a rise of 11.10% in its net profit at Rs 67.05 crore for the quarter ended March 31, 2019 as compared to Rs 60.35 crore for the same quarter in the previous year. Total income of the company increased by 3.26% at Rs 515.64 crore for Q4FY19 as compared Rs 499.36 crore for the corresponding quarter previous year.

Kansai Nerolac Paints has entered into joint venture agreement with Polygel Industries. By virtue of the joint venture agreement, the company and Polygel will establish a joint venture in India, by incorporating a separate company, to which the adhesives, construction chemicals and sealants business of Polygel would be transferred under a separate Business Transfer Agreement.

Kansai Nerolac Paints is amongst the leading paint companies in India. The company offers a range of products, including decorative, Automotive Coatings and Performance coatings.

Persistent Systems has joined Siemens’ MindSphere Partner Program to deliver its Industrial IoT solutions to market. MindSphere is the cloud-based, open IoT operating system from Siemens that connects products, plants, systems, and machines, enabling businesses to harness the wealth of data generated by the Internet of Things (IoT) with advanced analytics.

Steel Strips Wheels (SSWL) has achieved gross turnover of Rs 197.22 crore in April 2019 against Rs 211.79 crore in April 2018, there by recording a de-growth of 7% and achieved Net turnover of Rs 161.07 crore in April 2019 against Rs 158.81 crore in April 2018, recording a growth of 1%.

IRCON International has been awarded an International Railway Contract worth around $91 .27 million (equivalent to Rs 635 crore) from Sri Lanka Railways under the Ministry of Transport & Civil Aviation, Government of Sri Lanka.

R Systems International has received approval for acquisition of 100% shares of IBIZ Consultancy Services India from IBIZ Consulting Pte., Singapore, step down wholly-owned subsidiary. Accordingly, IBIZ Consultancy Services India will become direct wholly-owned subsidiary of the company. The Board of Directors of the company at its meeting held on May 02, 2019 has approved the same.

PNB Housing Finance is planning to raise up to Rs 10,000 crore through the issuance of secured and unsecured non-convertible debentures (NCDs). The company also planning to raise up to $1 billion by way of external commercial borrowings in one or more tranches. The board of directors at their meeting to be held on May 9, 2019 will consider the same.

SML Isuzu has reported 20.1% rise in April 2019 sales. The company has sold 1379 vehicles in April 2019 against 1148 vehicles in April 2018.

Kansai Nerolac Paints’ board has granted in-principle approval to the merger of Marpol and Perma Construction Aids, both wholly-owned subsidiaries of the company, with the company. The Board of Directors of the company at its meeting held on May 2, 2019 has approved for the same.