Asian Paints Limited has issued mandatory regulatory notices on 28 April 2026 regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company published these notices across multiple newspapers to comply with SEBI Listing Regulations and ensure proper investor notification.

Regulatory Compliance Details

The notice was issued pursuant to Regulation 30 read with Para A Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing demonstrates the company's adherence to mandatory disclosure requirements for investor protection.

Newspaper Publication Coverage

Asian Paints ensured comprehensive coverage by publishing the IEPF transfer notices in multiple newspapers across different languages and regions on 28 April 2026. The publications included:

• All India editions of Business Standard in English
• Mumbai edition of The Free Press Journal in English
• Mumbai edition of Navshakti in Marathi
• Maharashtra editions of Punyanagri in Marathi

This multi-language, multi-region approach ensures maximum reach to shareholders who may be affected by the IEPF share transfer process.

IEPF Transfer Process

The notices relate to the mandatory transfer of unclaimed equity shares to the IEPF Authority, a regulatory requirement designed to protect investor interests. Under the Companies Act, 2013 and IEPF Rules, shares for which dividends remain unclaimed for seven consecutive years become liable for transfer to the IEPF Authority.

The company has provided detailed procedures for shareholders to claim their shares and dividends before the transfer deadline. Shareholders can access comprehensive information and necessary forms through the company's dedicated IEPF webpage and the official IEPF Authority website.

Shareholder Information and Contact Details

For shareholders requiring assistance with IEPF-related matters, Asian Paints has designated MUFG Integra India Private Limited (formerly known as Link Intime India Private Limited) as the Registrar and Share Transfer Agent. The RTA can be contacted at their Mumbai office for guidance on the claim process and required documentation.

This regulatory filing represents standard corporate governance practices and demonstrates Asian Paints' commitment to maintaining transparency and protecting shareholder interests through proper regulatory compliance.

Asian Paints has received an Outperform rating from Macquarie Group with a target price of ₹2,900, following the company's implementation of a second round of price increases ranging from 3-5%. The latest price adjustments come after an earlier price hike of 6-8%, bringing cumulative increases to approximately 12% as the company responds to mounting supply-chain driven cost pressures.

Analyst Outlook and Rating

Macquarie Group's positive outlook reflects confidence in the company's pricing strategy and industry dynamics. The brokerage views the sequential price increases as a demonstration of industry pricing power to offset input cost inflation, which helps ease concerns about structural margin pressure.

Price Increase Strategy

The company's pricing strategy reflects a measured response to escalating costs across its supply chain. Macquarie expects these pricing actions to be replicated by industry peers, including Grasim, indicating broader sector-wide cost management initiatives.

Cost Management and Industry Dynamics

The price increases are attributed to supply-chain driven pressures across multiple operational areas. The company is experiencing cost inflation in raw materials, packaging, and logistics segments. Macquarie's analysis suggests that the industry's ability to implement such pricing adjustments demonstrates resilient demand and strong brand positioning.

Market Performance Outlook

Despite the challenging cost environment, the analyst outlook indicates that current headwinds are viewed as near-term challenges rather than structural issues. The company's pricing discipline has enabled it to maintain operational resilience while managing inflationary pressures.