Berger Paints News

Please find attached intimation dated 5th July, 2024 regarding Book Closure for the AGM and dividend.

Please find attached communication dated 5th July, 2024 relating to intimation of Annual General Meeting, Book Closure, Cut-off-date and Dividend.

Based on average market capitalization from January to June 2024, seven stocks are poised to join the large-cap category. The list includes two-wheeler giant Hero MotoCorp, state-run companies BHEL and NHPC, along with Zydus Lifesciences, JSW Energy, Bosch, and Cummins India.

Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 57351.34 Crore) operating in Building Materials sector.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we enclose herewith copy of notice published in newspaper on 31st May, 2024 i.e. Business Standard (English) and Aajkal (Bengali) as required under IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended from time, inviting attention of concrned shareholders to submit their claims in respect of unclaimed dividends of the Company for last seven consecutive years failing which their shares would be transferred to IEPF Authority in accordance with Section 124(6) of the Companies Act, 2013 and rules made thereunder.

Please find attached letter dated 20th May, 2024 intimating Reconstitution of Committees of Board.

Please find attached Annual Secretarial Compliance Report under Reg 24(A) of SEBI - LODR for the year ended 31st March, 2024.

Please find attached letter dated 17th May, 2024 containing link of transcript of Investor Presentation on financial results of the Company for the quarter and year ended 31st March, 2024.

We wish to inform you that pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr Abhijit Roy, Managing Director & CEO of the Company will hold a virtual meeting with a group of Investors at a conference to be organized by J.P Morgan on 5th June, 2024 at 4 p.m.Further no unpublished price sensitive information will be shared during the above meeting. We request you to take the above information on record.

In the upcoming Amfi Semi-Annual Categorisation for the second half of 2024, seven stocks, including Hero MotoCorp and BHEL, are poised to move to the large-cap category from mid-cap. Stellar rallies have propelled their returns over the past year.

Please find attached media recordings of Investor Conference Call held today for the Q4 results FY 2023-24. Details are provided in the attached letter.

Berger Paints India has crossed Rs 10,000 crore in sales and Rs 1,000 crore in profit in 2023-24 (Apr-Mar), helped by double-digit growth in sales volume and operating profit growing by nearly a fourth.

Please find attached copy of Investor Presentation for Q4 FY 2023-24 financial results of Investor Conference Call to be made during the day.

Attached herewith intimation under Reg. 30 (SEBI - LODR) aated 15th May, 2024.

IT stocks presented a muted show as investors turn cautious ahead of key US data that will determine future interest rate trends. Sensex dipped 118 points to settle at 72,987. Nifty shed 17 points to end at 22,200.

Please find attached results for the quarter and financial year ended 31.03.2024 along with Auditors'' Report and Press Release.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a conference call will be held on Wednesday, 15th May, 2024 at 6 p.m (IST) to discuss Q4 FY 2023-24 Financial Results of the Company. We are enclosing herewith the invitation to the conference call for reference.

The likely move comes on the back of a strong rally over the last one year. BHEL, JSW and NHPC have delivered multibagger returns of 239%, 135% and 110%, respectively. Zydus, Hero Moto, Samvardhana and Bosh have yielded between 85 and 48% returns during the period.

Stocks that were in focus included names like TVS Motor, which rose 2.22%, Berger Paint, which increased 0.7%, and Tata Communication, whose shares declined 1.55% on Monday.

Paytm will be a high conviction exclusion, causing outflows of $77 million from India, the domestic brokerages' note said. Paytm's exclusion comes after a nearly 40% correction in the share price following RBI's ban on its Paytm Payments Bank. Meanwhile, Berger has yielded nearly 9% returns over 1 year.

Please find attached PCS Certificate pursuant to Regulation 40(9) of the SEBI_LODR.

Please find attached compliance certificate under Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Please find attached intimation regarding reconstitution of Committees of Board consequent to cessation of directorship of Mr Pulak Chandan Prasad (on completion of his second consecutive term as an Independent Director). Details are attached in the letter dated 1st April, 2024.

Pursuant to Regulation30 of SEBI-LODR, Mr Pulak Chandan Prasad (DIN - 00003557) has ceased to be a non-executive, Independent Director on the Board of Directors of the Company with effect from 1st April, 2024 on completion of his second consecutive term as an Independent Director for which he was re-appointed by the shareholders of the Company at the Annual General Meeting held on 3rd August, 2018.

Berger Paints' century-long journey showcases resilience and innovation, with ambitious plans for doubling revenue by 2028-2029. The brand's success lies in transforming living spaces with innovative products like Berger Easy Clean and Berger Dampstop.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Ramkrishna Mission Vidyamandir, Belur has signed a technology agreement with Berger Paints India Limited for exploration of pilot-scale and subsequent industrial-scale production of green ammonia by electrocatalytic method without using green hydrogen.

Please find attached intimation of Schedule of Analyst / Institutional investor meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details are attached in the letter dated 1st March, 2024.

"Birla Opus is the latest new entrant in the decorative paints market, promising an incremental 40% addition to industry capacity, with aggressive sales and dealer acquisition targets," said CLSA's analysts Aditya Soman and Vatsal Dujari in a client note. "...we believe near term its growth and margins will not be immune to this competitive pressure although it may maintain its long-term market position."

Berger Paints announces the establishment of a new manufacturing unit in Odisha as part of the government's 'Make In Odisha' initiative. The facility will produce paints, coatings, construction chemicals, and intermediates, with an annual capacity of 4,10,000 KL/MT.

Please note that the Company through its representatives will be participating in a meeting with MFS Investment Management on Friday, 23rd February, 2024 from 3.30 pm. Details are attached in the letter dated 15th February, 2024.

Please find attached letter dated 13th February, 2024 in relation to allotment of land to the Company for setting up of a manufacturing unit at Odisha.

Please find attached audio recording of investor conference held today. Details proided in the attached letter.

Short-term traders can look to go short in the stock for a possible retest of Rs 510 levels in the next 3-4 weeks, suggest experts.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 transcript of the Investor Presentation on Financial Results of the Company for the quarter and nine months ended 31st December, 2023 can be accessed at : https://www.bergerpaints.com/investors/transcripts-of-earnings-call.html

Please find attached a copy of Investor presentation to be made by the Company Officials on Monday, 12th February, 2024 at 19th Nuvama India Investor Conference, 2024.

Please find attached audio recordings of the Investor Presenation on Financial Results of the Company for the Qarter and Nine months ended 31.12.2024.

Please find attached Presentation on Financial Results of the Company for the quarter and nine months ended 31.12.2023.

Please find attached Results for the quarter and nine months ended 31/12/2023.

Berger Paints has achieved transformative success through innovation and creativity. From Lewis Berger's pioneering venture in Europe to the establishment of Berger Paints India Ltd. in 1923, the company has constantly evolved and set new benchmarks for excellence.