\r\nWe wish to inform you that the Company has entered into a Share Purchase Agreement with Polygel Industries Private Limited, its Promoters and Nerofix Private Limited for acquisition of shares (40% of the total shareholding) of Nerofix from Polygel. The said shares have been transferred to the Company today. Consequent to the said acquisition of shares, Nerofix Private Limited has become a wholly owned (100%) subsidiary of Kansai Nerolac Paints Limited.\r\n\r\nThe details required in terms of the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 have been mentioned in the attached intimation. \r\n