Kansai Nerolac successfully conducts its first virtual Annual General Meeting

~ The digital meeting was attended by over 90 shareholders ~

Kolkata, 25^th June 2020: In these unprecedented times digital engagement has been a clear and predictable trend. This has led to the rise of technology being leveraged in new and unique ways. Riding this wave and being an early adopter of this trend, Kansai Nerolac Paints Ltd (KNPL), one of the leading paint companies and pioneers of “Healthy Home Paints” in India conducted its first virtual Annual General Meeting onMonday, 22nd June 2020.The meeting, successfully conducted through the Cisco Webex platform provided by NSDLwas attended by over 90 shareholders .All our directors (including our 3 directors from Kansai Paint, Japan) attended the meeting.

The meeting was effectively conducted as adapting to newer methods and technology has enabled the organisation to build a strong connect in current times. The company officials ensured that registered participants received guidance and personal help to get connected on to the platform. The virtual AGM was a great experience. It was well received by all shareholders as well.

Shareholders had been provided the facility of asking questions even during the AGM as “concurrent questions”. The concurrent questions were posted by the shareholders on the NSDL platform and these were replied to, by the Vice Chairman and Managing Director. All the questions through the three modes, i.e.  1. Questions received in advance, 2. Questions raised by the Speaker Shareholders and 3. Concurrent questions were replied by the VC and MD.

The recording of the proceedings are available on : https://www.nerolac.com/financial/shareholders.html#scroll

About Kansai Nerolac Paints Limited:

With a rich heritage of 100 years in the paint industry, Kansai Nerolac Paints is one of the largest paint companies in India and the leader in industrial segment. A wholly owned subsidiary of Kansai Paint Co. Ltd., Japan, which is among the Top 10 companies worldwide, Kansai Nerolac manufactures a diversified range of products

ranging from decorative paint coatings for homes, offices, hospitals and hotels to sophisticated industrial coatings for industries. Kansai Nerolac has established itself as a leader in product innovation with its initiatives including no added lead, Low VOC and HD finishes with brands like Excel. Its product portfolio and customer awareness campaigns promote environmental sensitivity. www.nerolac.com

Kansai Nerolac Paints Ltd Announces Q4 Results FY 2019-2020

Kolkata, May 6, 2020: Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India, today at the Board meeting announced its audited results for the fourth quarter of financial year 2019-20. For the quarter, the company declared Net revenue of Rs. 988 Crores a de-growth of 14.3 % over the corresponding quarter of the previous year. For the twelve months ending March 31, 2020, the company had a Net revenue of Rs. 4943 Crores a de-growth of 4.5 % over the corresponding period of the previous year.

EBIDTA was at Rs. 128 crores a de- growth of 14.6 % over the same quarter of the previous year. PAT was at Rs 71 crores a de-growth of 23 % over the same quarter of the previous year. For the twelve months ending March 31, 2020, company reported an EBITDA of Rs. 782 Crores a growth of 5.3 % over the same period last year. Net profit growth was up by 14.6 %. Board recommended a dividend of 315 % compared to 260 % last year.

Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, “Sales and Bottomline was impacted this quarter due to the outbreak of COVID 19. Demand for Automotive paints continued to be severely impacted due to the continued unprecedented slowdown in Auto. Decorative growth was better.

Despite the year being extremely challenging, due to an aggressive cost control program and judicious management of overheads the company was able to improve EBTDA by 5.3 % and improve EBITDA margin by 150 basis points. PBT was impacted due to lower other income and higher depreciation. In the challenging business situation, company was also able to release cash of Rs. 123 Crores from working capital.

Looking forward, the prolonged uncertainty due to COVID has created further demand destruction in the near term.

Outlook of Indian Paint Industry:

The size of domestic paint industry is estimated at Rs.52000 crores as of Mar 2020. The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.

About Kansai Nerolac Paints Ltd:

Kansai Nerolac Paints now in its 100^th year has been at the forefront of paint manufacturing pioneering a wide spectrum of quality paints. Kansai Nerolac is one of the leading paint company in India and is the leader in Industrial segment, having a turnover of Rs. 5487 crores. The company has six strategically located manufacturing units all over India and a strong dealer network across the country. The company manufactures a diversified range of products ranging from decorative paints coatings for homes, offices, hospitals and hotels to sophisticated industrial coatings for most of the industries. Please visit www.nerolac.com