Corroraft ldeillfi$tlolr itumber {Ct1}: Utr:j0MH t9atpt c|)04t98

Sl,areg rer.red quariA. !,rrlltc i:f;i!t

hllont@tsteioaintr.o{l

Iof

aor conslnrer

'c

0uen.t. lnair lo rHlal:li&tottj.a_10i1!!!!g&

asianpaints
APL/SEC/'15l98
'1

B'h

January, 2016

Corporaie Relationship Department

Phiroze Jeeieebhoy Towers,
25th Floor, Dalal Street,
i\,4umbai - 400 001

si(s),
Listino Obli
ulation 33
Sub: Complia
Requirements) Requlations. 2015 {Listinq Requlations)

Disclosure

Pursuant lo Regulation 33 of the Listing Regulations, please find enclosed the followingl

.
.
.
.
.
.

Audited standalone financial results of the Company for the quarter and nine months
ended 31"i December, 2015;
Audiled standalone segmenl reporiing for the quarter and nine monlhs ended 31st
December, 2015;
Auditor's Reporl in respecl of the audited standalone financial results of the
Company for the quader and nine months ended 31"i December' 2015;
Unaudited consolidated financial results for the quarter and nine months ended 31"t
December. 2015;
Limited Review Report by the Audiior on the un-audiled consolidated financial results
forthe quarter and nine months ended 3'ls' December, 2015; and
Press release on the financial results of the Company for the qr.rafter and nine
monihs ended 31'1 December, 2015.

The above resulls were approved by the Board of Directors al their meeting held today
Thanking you,
Yours lruly,
For ASIAN PAINTS LIMITED

SH MERCHANT
& COMPANY SECRETARY,
PRESIDENT - INDUSTRIAL JVs
Cc: The National Slock Exchange of India Limited

prinred on rooo/o Reclcledpaper

{}

R.gr4.rcd omcc : 5a, sheltt r.!sr, ea'tacroz tE), uunhd 4oo oss

Cpasianpaints

rcR dE AIEER

sares/in(n. non opeEtions (N.i

a) N1

bl

of

.rci*

ND NII

dury)

orn.r olera'inc incodc

rotd i!@Dc rrcE oP.ntt.!. llctl

a)co*

of ndenars consuned
b) Purchases of sdk in tud.
c) chanccs in hvenb.ies or tuished goods,

work.in.posEss md srck-

Enproye bene.rs dpens

E Deprecbtion snd mo.tietiDn cxpen$
ir)

Profitfto6or.tiury.dtvttt.

Irns (R.r{ ndc no. 3 & 4)

ft.E ordln*y rdtvitt . s.rd. td {7-ll

Exeplionar

Proat

nd ?rett fron oittr.".cttwrdd rn.r td {e-rol

Faid up equiq

sh.a.apiLlt

Re*rcs cxcludiq
B,sic

dd

(Fac.

vaxEor.r p{ shuE

Revaruation

Dilur.d Earnt'ss P.r shaft (EPsl (r)

r@

Notes:
1)

An interim dividend of { 2.20 (Rupees Two and Paise Twenty only) per equity share of
the face value of{ 1 each was declared at the Board Meeting held on 23rd October,
2015 and the same was paid on 31st October, 2015.

2)

The results for the quarter and nine months ended 31st December, 2015 include the
results of bath fittings business acquired by the Company effective 1st June, 2014.

3)

The Company has made an assessment of the fair value of investment made in its
subsidiary, Sleek International Private Limited ('Sleek') taking into account th past
business performance, prevailing business conditions and revised expectations of the
future performance given the understanding built up since acquisition. Based on the
above factors and as a matter of prudence, the Company has made a provision for
diminution in the value of the investment made in Sleek to the tune of { 65.30 crores in
the quarter ended 31st December 2015. The same is disclosed as "Exceotional items,,in
the above results.

4l

Exceptional items in the previous Vear included:

i)

Provision for expense amounting to t 25.16 crores on account of the

"Voluntary Retirement / Separation scheme" offered to all the workmen ar
the Bhandup plant during the nine months ended 3lst December, 2014.

ii)

Provision for impairment of Fixed Assets at Bhandup plant amountrng ro

{ 2.41 crores during the year ended 31't March, 2015.

iii)

ofprovisionfordiminutioninthecarryingvalueoftheinvestmentin
Asian Paints (lnternational) Limited, Mauritius amounting to { 14.04 crores
Reversal

during the vear ended 31't March, 2015.

5)

In view of the notes 2, 3 and 4(i) above, the results for the quarter and nine months
ended 31'tDecembet, 201.'5 arc not comparable with the corresponding previous
periods.

6)

The figures of previous periods have been regrouped, wherever required.

7l

The above results were reviewed and recommended by the Audit Committee and
subsequently approved by the Board of Directors at their respective meetings held on
18th Januarv, 2016.

K.8.5. Anand
DIRECTOR & CEO

DIN:03518282

Date: 18th.lanuary, 2016

Place: Mumbai

SECMEIII REPORIINC

31,12.2015

b. Home Imp.ovemeni
xct .are./hco-. from operattotr.
P.onv(Loss) beror;

b.

ta dd

31.12,2014 31.12,2015
3,064.74
22.37

3t.o3,20t5

tl,712,t9

interesi

Home lmprovement

Unallocabte Expenses net off

unallocable income

3,094.61
56.59

c.

4t.t2.20t4

Unallocable assts iess liabilitis

553.14

1,943.19

t,s27.71

7.81

13.10

14.5.1

27.13

32.52

73.24

97.15

2,422.91

2,422.94

2,057.45

67.t6

l_61t.99

t.Th.e are Do intr seement trdsfe.s.

2.As pef th requirements ofAccounting Stdddd 17 SegDeni Repoting, th C.mpdy has ldenlted Paint. an<l Hofre
lmprovcment asils buslneeE seAnents. Home Improvment businss represents bath linings bu.iness acquired bythe Compmy
efiectiv 1'r June, 2014.

BSR&Co.LLP
Chartered Accounlants
5th Froor, Lodha Excelus

Apollo Miils Compound

N l\,4 Joshi Marg, N4ahalaxmr
Mumbai- 400 011

TelePhone +91 (22)4345 5300

Fax

+91 (22) 4345 5399

Independent Auditors' Report

The Board of Directors

Asian Paints Limited

of

Report on the Financial results

We have audited the quarterly financial results of Asian Paints Limited ('the Company') for the
quarter ended 3l December 2015 and the year to date financial resuhs for the period from
1 April 2015 to 3 I December 2015 attached herewith, being submitted by the Company pursuant to
the requirement of regulation 33 ofthe SEBI (Listing Obligations and Disclosure Requiremenrs)
Regulations, 2015.

Mans.gemetrt's Responsiltility ior the Fina$cirl

rBults

These quarterly financial results as v,,ell as the year to date financial results have been prepared on

the basis of dre interim financial statements, which are the responsibilify of the Company's
management and have beer approled by the Board of Directors. These inlerim financial statemnts
have been prepared in accordance with the recognition and measurement principles laid down in
Accounting Standard (AS) 25, Interim Financial Reporting, prescribed, under Section 133 ofthe
Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles
generally acceptd in India, This responsibility includes the design, implementation andmaintenance
of intemal control relevant to the preparation and presentation of the interim financial statements
that are free from material misstaiement whether due to liaud or enor.

Auditor's Responsibility
Our responsibility is to express an opinion on these financial results based on our audit of suoh
interim fi$ancial statemenlg. We conducted our audit in accordance with auditing standards genemlly
accepted in lndia. Those slandards require that we comply with ethical requirements and plan and
pdorm the audit to obtah reasonable assurance about whether the financial results are free of
material misstatement.
An audit includes examining, on a test basis, evidence suppofting the amounts disclosed as financial
results. An audit also includes assessing the accounting principles used and significant estimates
q?de by management. We believe thet our audit pro\,ides a reasonable basis for our opinion.

3sF&co rLPlaLmkdrabhy Paioqshp

BSR&Co.LLP

Independent Auditors, Report {Conlin ued)

Asian Paints Limited

An audit includes performing procedures to obtain audit evidence about the amounts and
discrosures
in the.interim financial staiements. The procedures selected depend on the auditor,s judgment,
including the assessment ofthe risks of materiar misstatement ofthe interim financial
statements,
whetherdueto fraud orerror.In makingthos risk assessments, the aud itor considers intemar
contror
relevant to the Company's preparation ard fair presentation ofthe interim financial $aremenrs
tn
order to design audit procedures that are appropriate in the circumstances but not for
the oumose of
expressing an opinion on the effectiveness ofthe Company,s intemal control. An
auditalso includes
eyaluating the appropriateness of accounting poticies used and the reasonableness of accounting
estimates made by managemenl aswell asevaluatingthe overall presentation ofthe
interim financial
stalements

We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis
for our audit opinion.

Opinion
In ouropinion and to the best ofour information and according to the explanations
siven
quanerly financial resuh. as $ell as )ear lo dare financial resulrr:

(i)
(iD

to's

these

are presented in accordance with the requ ements of Regulation 3l of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and

give a true and fair view of the net profit and other financial information for the quarter
ended 3l December 2015 as well as year to date results for the period from I April
2015 to

Jl

December 2015.

FoTBSR&Co.LLp
ChrtrtepJ 4(ount,tnt\
Firm's Registration No: l0l246WW-100022

4.
Mumbai

l8 January 2016

r,c-*1'!: Bhavesh Dh!pelia

part er

Membership No: 042070

i>p asianpaints

i.gi.tesil Ome

AA'AN P]rI{TS
: 6A'

CgNSOI,IDATED FIIANCIAI, RFEULTS IOR

IIflITED

sL.lti lt Arr, & r.iE

IEl,

U6hl

THI QUAR1ER AND I{IIIE [ONtIla

ENDED

3I

31.r2.2015

ln.ob. &on op.lrtlon.

a) Net sles/Income eoD o!rations
b) olher openling id.ome

Nd ordcise d!t!|

Tot.l hcom. fton otslrtl.n.lr.tl

2.
al Cosr of nat.ials consutued
b) Plrha*s of Sbck in-rad
c)

Chdg

*ort

in lnveniories ot finished goods,

in prcCress

be.enb etpense
.) Deprclaton a'd amofriqto. er!dse
dl Employ.

p..nt ton o!.r.ttonr b.for. oth.r hcmq ftnu@

ud d..rttodl tt.d
Prcnt rloD ordhsry

.'alttoml ltGE'

4ilvttt.. h.foF nnuc. odtr.!d

3.

ll

Ilet lkont rron

ordrrd .ctrvrtr.. ift.r ad

N.t Proft.ftGr tr*

5t

llr

r9-1ol

353

sd mt

Paid-ut .quiiy shar c.pital lfa.e varue of

ResF6 *ludln8

57

13+41

Plont troE ordtn.ry ..ttvttl.. .ft.r imn.e .o.t.

b.forc .Grtronrr rt.4r ls-51
L{epional ltens lRefer note rc .r & s)

t5

*tr

lt-21

21

I r per shd)

Reveluation Re*n?s as ar tulsnce Sheer

Baslc and diluted Eaminss P..

shar

(EFS)

Fl fnor

Notes:
1.

An interim dividend of ? 2.20 {Rupees Two and Paise Twenty only) per equity share of the face
value of 1 each was declared at the Board Meeting held on 23d October, 2015 and the same
was paid on 31'r October, 2015.

2.

The results for the quarter and nine months ended 31Jt December, 2015 include the results of
bath fittings business acquired by the Company eltective 1'tJune, 2014.

3.

The above results include financials of Kadisco Paint and Adhesive lndustry Share Company,
(thiopia) in which the Comp3ny'9 wholly o,Arned subsidiary, Berger lnternational Private

[imited, Singapore acquired 51% stake on

gth February 2015.

The Company has made an assessment of the fair value of investment mad in its subsidiary,
Sleek International Private Limited (sleek) taking into account the past business performance,
prevailing business conditions and revised expectations of the future performance given the
understanding built up since acquisition. Based on the above factors and as a matter of
prudence, the Company has recognised an impairment loss on the ?oodwill on consolidation'of
{ 52.5 crores, which was recognized on aquisition of Sleek, in the quarter ended 3fr December
2015. The same is digclosed as "txceptional items" in the above results.

5.

Exceptional items in the previousyear included:

i)

Provision for expense amounting to < 25.16 crores on account of the "Voluntary
Retirement / Separation Schme" offered to all the workmen at the Bhandup plant
during the nine months ended 31" December, 2014.

ii)

Provision for impairment of Fixed Assets at Bhandup Plant amountin8 to E 2.41 crores
during the year ended 3lst March, 2015.

6.

In view of points 2 to 5 (i) above, the results for the quarter and nine months ended
December 2015 are not comparable with the orrespondinB previous periods.

1.

As part of consolldatlon ot investments in overseas subsidiaries, Asian Paints (lnternational)

Limited, Mauritius, a wholly owned subsidiary of the Company, has transferred its entire holding
in its subsidiaries Asian Paints (Sl) lirnited, Solomon lslands, Samoa Paints Limited, Samoa, Asian
Paints (Vanuatu) Limited, Vanuatu and Asian Paints {South Pacific) Limited, Fiji, to its wholly
owned subsidiary Berger International Private timited, Singapore, during the quarter ended 3l"i
December,2015. This does not have anv impactonthe above results.

8.

The figures of previous pefiods have been regrouped, wherever required.

31st

9.

The above unaudited Consolidated Financial results (excluding the figures for quarter and nine
months ended 31't December 2014 and quarter ended 30rh September 2015) have been
subiected to limited review bythe statutory Auditors-

10.

The above unaudited Consolidated Financial results of the Companv were reviewed and
recommended by the Audit Committee and subsequently approved by the Board of Directors at
their respective meetings held on 18th January, 2015.

FOR AND ON BEHAL(OF THFBAARD

\"*Y'

.\/
\

]K.B.s. Anand
n,taru,qcrruc dt{rcron & cro

Dater 18thlanuary,2016
Place: Mumbai

DIN No:03518282

CONSOL'DATED SEGMENT REPOR'TING

31,12.2015

30.09.2015

4,12678

3,73156

31.12,2014

31,12.201a

31.12.2011

360042

1142992

1051352

13,99362
20163

10,655.94

14,200.30

6141

17099

34.59

3, 746,26

3,654.32

11,600.91

44192

64593

592 66

2,18192

11216'
829.11

i15.03'
630.85

761

922

978

25.14

24 51

11712

23 42
594.21

33 02

s38.44

134 24
1.980.73

6a 42
1.555.07

42.20
2.Of6.47

3 573 53

3 221.30

3392.36

3 221 3A

3 376 55

164.29
1.613SS
5.350.41

191 72

154 27

19172

Prorr(Lo$) berore lax and linan costs

lon

eacn
2 223 9A

1,544.06

2,153,83

Ural@aled corporale expenses Ner oi

una

lob

if@me

3
3 392 36
154 21

unaLlwbLe 3se1s

1e5s

liabilirEs

033.92

5.541.05

Note homelmpovemenibuslnegs induds sleek ldernalional Privale

186.27
1 17S 54

5,531.05

Lim led (acquired by lhe parenl cohpany on

4,909.?8

1,742,36

a$ August 2013) and bath

rittings business(aclulfed by th pant ompany on 1!t June 2014)

BSR&Co.LLP
Chartered Accountants
Telephone +91 (22) 4345 5300

sih Floor Lodha Excelus,

Apollo Mills Compound
N. l$. JoshiMarg, l,lahalaxrnl

Fax

+91 (22) 4345 5399

Review Report

The Board of Directors

Asian Paints Limited

of

We have rcviewed the accompanying Statement of Unaudited Consolidated Financial Results ('the
Statement') of Asian Paints Limited ('the Company'), its subsidiades and jointly controlled entities
(the Company, its subsidiaries andjointly controlled entities constitute'the Group') for the quarter and
nine months ended 3l December 2015 on that date, attached herewith, being submitted by the Company
pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. This Statement is the responsibility ofthe Company's Management
and has been approved by the Board of Directors in their meeting held on l8 January 2016. Our
responsibility is to issue a report on the Statement based on our review.

of the Statement in accordance with th Standard on Re!ier,!

(SRE)
Engagements
2410 "Review of Interim Financial Information Performed by the Independent
Auditorofthe Entity", issued by the lnstitute ofCharlred Accountants oflndia. This Standard requires
that we plan and perform the review to obtain moderate assuance as to whether the Statement is free
of material misstatement. A review is limited primarily to inquiries of Company personnel and
anal),tical procedurcs applied to financial data and thus provides less assurance than an audit. We have
not performed an audit and, accordingly, we do no! express an audit opinion.
We conducted our review

Figures for the corresponding quarter and nine months ended

3l

December 2014 and figures for

previous quaner ended 30 September 2015 have not been reviewed.

We did not review the interim flnancial results of three subsidiaries included in the unaudited
consolidated financial results. whose interim financialresults reflect total revenues of Rs 240.12 crores
and Rs 726.8,1crores for the quarter and nine months ended

3l

Decernber 2015, respectively, and total

profit after tax of Rs 14.48 crores and Rs 49.75 crores for the quarter and nine months ended Jl
December 2015, respectively as considered in the unaudited consolidated financial results. These
financial results have been reviewed by other auditors whose reports have been fumished to us by the
Management and our report on the Statement, in so far as it relater to the amounts and disclosures
included in respect ofthese subsidiaries, is based solely on the reports ofthe other auditon.

The unaudited consolidated financial results includes the interim financial results of twenry six
subsidiaries and ajointly controlled entity which have not been reviewed bytheirauditors and are based
so lely on the management's accounts- whose interim frnancial results retlct total revenues of Rs 446.Jl
and Rs 1,162.33 crores for the quarter and nine months ended 3l December 2015, respectively, and
total profit after tax ofRs 40.23 crores and Rs 200.92 crores for the quarter and nine months ended 3l
December 2015, respectively, as considered in the unaudited consolidated financial results.

3sF&co

G paiheBh r r'nn $
q.9 n,aioi No 646rr23)coNrbd do
6s F. Co LLP la !nd.d r rb rry Paibdsh,o

!s

rLP neoErarioi

ro

A^6

e3i)

BSR&Co.LLP

Rcv iew Report (Co ntin ued)

Asian Paints Limited

Based on our review conducted as above, nothing has come to our attention
that causes us to believe
that the accompanying Statement ofunaudited consolidated financialresults
for the quarter and nine
moths ended 31 December 2015, prepared in accordance with the Accounting Standajs as per Section
133 ofthe Companies Acq2013 read with relevant rules issued thereunJer
and other recognized

accounting practices and policies generally accepted in Indi4 has not disclosed the infomation
required to be disclosed in te.ms of Regulation
of the SEBI (Listing ObliBarions and Disclosure
Requiremenrs) Regulations,2015, incruding rhe manner in which ;t i5 ro b; disc[\ed. or that
it contains
any material misstatement,

ll

FoTBSR&Co.LLp
(-ktrrercd Acatunrans
Firm's Registration No: 10 I 248w/W-100022

.,.j t;*
'
H,/-'i"l!

.',.
Mumbai

l8 January 2016

Bhavesh Dhupetia
Pctttner
Membership No: 042070

Ep

asianpaints

PRESS RELEASE
ASIAN PAINTS CONSOTIDAIED NEI PROFIT FOR THE QUARIER
|NCREASES 8Y 25.8%

Hlohliqhts: Q3 & 9M-FY'2016

{.
.}

Consolidoted lncome from operotions for lhe euorier increoses by I 3.9 %

Consolidoted Nel Profii for lhe Quodet upby 25.8%

,:.

9M Consolidoted lncome from operolions increoses by 8.6 %

9M Consolidoled Net Profii up by 25.0 %

.t
*
*
t
n

Siondolone Incorne from operotions for the euorler increoses by

Slondolone Net Profit for the Quorter up by 18.4 %
9M Siondolone Income from operotions increoses by 7.6 %
9M Stondolone Nel Prctit ap by 22.6%

13.2 T.

Mumbai, January 18, 2016: Asian paints Ltd today announced their financial resutts for
the quarter and Nine months ended December 31, 2015.

"The danand canditions in the lndian economy rcmained challenging. However, the
Decoralives business recorded double cligit volume growth in the third quafter aided by
the festival season demand. The lndustiat Coatings JV (Ap-ppc) rcgistered good gtowth jn
the Industrial Liquid Paints and Powder coatings segmenL tn lhe AulomatMe coAtings busjness
JV (PPG-AP), the Aub AEM business saw improved demand conditions in the third
quafteL Refinish business segment also registercd decent grcMh in the quaner. fhe
lnlernational business did well aided by contribution from the units in Middle East. The unils in
Bangladesh and Elhiopia also did wett" said K.B.S. Anand, t{anaging Director & CEO, Aslan
Paints Linited.
Asian Paints Conrolidated Re5ults, Q3-FY'.16:
Forthequarterended0ecember3l,20l5,onconsotjdationofaccountsotthesubsidiaaies
and joint ventures of Asian Paints , Income from operatjons has risen by 13.9 % to t 4160.0
crores from 13652.6 crores. Profit before depreciatjon interest and tax (pBDtT) for the group
increased by 36.8
by 30.7
25.8

to

to

to

800.6 crores from

703.8 crores from

585.0 srofes. profit Before Tax (pBT) increased

538.4 crores. Net profit

463.1 crores as compared to

aftert{inority Interelt increased by

368.2 crores jn the previor.ls corresponding period,

Page 1 of 2
Corporate ldentifjcaiion Number (CtN): 124220MH1945p1C004598

Regd Office r Asian Painis House 6,4 Sha.tr Nagar Vakola pipe|ne , SantaffLrz (E), [4umbai 4OOo55 Ino]a
corporate CommLnrcalions : Tei I +91,22-3981 8387 (O) / 398i8000 (B) Far . +91,22,39818888
Email I orolice(Oasranpaints com

Ep

asianpaints

PRESS RELEASE
Asian Paints Con5olidated Results, 9M-FY,16:
For the Nine months ended December Jl, 2015, Asian paints Group Income from operations
has increased by 8.6 % to t 11,562.9 crores from { 10647.8 crores. profit before depreciation
interert and tax (PBDIT) for the group has increased by 25.6 % to 12104.9 crores from t
1675.5 crores. Profit Before Tax (PBT) increased by27.4%to< j980.8 crores from { 1555.1
crores. Net Profit after Minority lnterest increased by 25.0

to

t jjl7.5

crores as compared

to < 1054.2 crores in the previous corresponding perlod.

Asian Paints Standalone Results, Q3-Fy'16:

For the quarter ended December 31, ?015, Income from operatjon5 increased by j3.2 % to
i 1,424.0 crores from { 3,025.4 crores. PBDIT for the quarter increased by 31.9 % to I 714.6
crores from

541.7 crores. Net Profit increased by 18_4

to

418.2 crores as compared to

353.1crores in the previous corresponding perjod.

Asian Paints Standalone Results. 9M-FY'16i

For the Nine month period ended December 31, 2015, lncome from operations increaseo Dy
7.6 % to { 9,426.8 crores {rom t 8,761.9 crores. PBDIT for the period increased by 21.2 % to
I 1,859.4 crores from { 1,509.8 crores. Net profit on a standalone basis increased by 22.6 %
to

1,210.5 crores as compared to

987.6 crOres jn the previous correspondjng period.

About Asien Paints Llmited:

At:ni Pni'ns sh in's leidbtg paint conpa ! d,td nnked nnong the tap ten Decotntiu contings .otntotes
thx lnllil roith n m sohluted tumoDel of< 11,183.5 dores F 141.s4 hiltion). Ason ptini atoflg a,ith its
setsididrrs hoiie oFTdfir'ls in 19 cannfics auass flE wolld Mth 26 pdnlt tunnuJanuntlg
faciLities; ,uurtts
c:ns nets:t o,el 65 tatuntnes tuaugh Beryt t tematia al, SCLB paitlts - EgWr, Ash paints, Ap.o

Coatings, Tauht11arc dnd Kndis... Asi4n Pdints ftos dsa mnrrntl its fdn\t inla the l1atu lutptooement atld
Dicor svce in lfldia uith tht acquisition ol Slaek Bra|t ak thrn sotuh;t6 t1rc1,idet and E.; Es< Bhthtool,r
Ploduts - a prcni ent flald in tlr bath nul rDash scgnent fl India.

-enCls-

Page 2 oJ 2
Corporate tdentificatjon Nunrber (CtN): :Z4220MH194SPLCO0459B

Regd Office Asian Palnts Holjse 6A Shanl Nagar Vakoa pip ne, Saniacruz (E). Mumbai4OO()5S. Ind/a
Corporate Communications:Telr+91 22,3981 8387 (D) /39818000 (B) Fax +91-22-39818888 i
Email I protrice@asianpaints..om