Tag
Paints
5 articles
The Indian paints sector is navigating a mixed landscape of regulatory scrutiny, auditor transitions, and fluctuating profitability. JSW Paints’ appeal against the Competition Commission of India continues, potentially impacting competitive dynamics within the industry, while Asian Paints transitions to SRBC & Co. LLP as its statutory auditor. Despite challenges, Kansai Nerolac approved a substantial dividend, signaling confidence in its financial performance, and Shalimar Paints reported its first positive EBITDA in years following acquisition, though the company still posted a significant net loss. These developments highlight the ongoing need for operational efficiency and vigilance regarding regulatory compliance within the paints market.
Indigo Paints Clarifies XBRL Financial Results Discrepancy
Indigo Paints responds to NSE query regarding XBRL submission discrepancy for Q4 FY26 results.
Company attributes mismatch to inadvertent clerical error during XBRL file generation and validation.
Cor
Asian Paints Appoints SRBC as Statutory Auditors
Shareholders at 80th AGM approved SRBC & Co. LLP as statutory auditors for five-year term starting 9th July 2026.
Deloitte Haskins & Sells ceased as auditors after completing maximum two terms of five
NCLAT Grants CCI Time in JSW Paints Appeal
NCLAT grants Competition Commission of India one week to review documents filed by JSW Paints in its appeal.
The appeal (Competition Appeal No. 59 of 2022) is against the CCI and Asian Paints Ltd.
CCI
Kansai Nerolac 106th AGM Approves ₹2.50 Dividend
Kansai Nerolac held its 106th AGM on July 9, 2026, via video conference with 98 shareholders in attendance.
Shareholders approved a dividend of ₹2.50 (250%) per equity share for FY2025-26 and adopted
Shalimar Paints FY26 Net Loss ₹63.34 Crore
• Board approved audited standalone and consolidated financial results for FY ended March 31, 2026, reporting a net loss of ₹63.34 crore.
• Statutory auditors Walker Chandiok & Co LLP issued unmodifie