KANSAI NEROLAC PAINTS LTD. - Announcement under Regulation 30 (LODR)-Acquisition

We wish to inform you that the Board of Directors at their meeting held today, Friday, 3rd March, 2023 has approved acquisition of shares (40% of the total shareholding) of Nerofix from Polygel. Consequent to the said acquisition of shares, Nerofix Private Limited will become a wholly owned (100%) subsidiary of Kansai Nerolac Paints Limited.