Kansai Nerolac Paints Allots 1,33,538 Equity Shares Under RSU Plan 2022

1 min read     Updated on 17 Mar 2026, 05:17 PM
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Overview

Kansai Nerolac Paints Limited allotted 1,33,538 equity shares of face value Re. 1 each on March 17, 2026, under its RSU Plan 2022. The Board-approved allotment increases the company's total issued share capital to Rs. 80,86,58,273, comprising 80,86,58,273 equity shares. The allotment complies with SEBI regulations and the newly issued shares are identical to existing shares with no lock-in restrictions.

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Kansai nerolac paints Limited has completed the allotment of 1,33,538 equity shares pursuant to the exercise of Restricted Stock Units under its employee benefit scheme. The Board of Directors approved this allotment on March 17, 2026, as part of the Kansai Nerolac Paints Limited - Restricted Stock Units Plan, 2022.

Share Allotment Details

The allotment comprises equity shares with specific parameters and regulatory compliance requirements:

Parameter Details
Number of Shares Allotted 1,33,538
Face Value per Share Re. 1 each
Date of Issue March 17, 2026
Exercise Price per Share Re. 1 each
Distinctive Numbers 80,85,24,736 to 80,86,58,273

Post-Allotment Capital Structure

Following this allotment, the company's share capital structure has been updated:

Metric Amount
Total Issued Shares 80,86,58,273 equity shares
Total Issued Share Capital Rs. 80,86,58,273
Par Value Re. 1 each

Regulatory Compliance

The allotment has been conducted in full compliance with regulatory requirements. The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The shares issued are identical in all respects to existing equity shares and carry no lock-in restrictions. The company had previously filed statements with stock exchanges on November 4, 2022, and December 28, 2023, receiving in-principle approvals from both BSE Limited and National Stock Exchange of India Limited.

Stock Exchange Listings

Kansai Nerolac Paints Limited's shares are listed on:

  • BSE Limited
  • National Stock Exchange of India Limited

The newly allotted shares will be available for trading alongside existing shares, maintaining the same ISIN number INE531A01024 for demat transactions.

Historical Stock Returns for Kansai Nerolac Paints

1 Day5 Days1 Month6 Months1 Year5 Years
-1.03%-11.32%-16.82%-33.78%-29.34%-52.96%
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Macquarie Maintains Neutral Rating on Kansai Nerolac Paints with ₹220 Target Price Amid Price Hike Strategy

0 min read     Updated on 17 Mar 2026, 09:21 AM
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Reviewed by
Radhika SScanX News Team
Overview

Macquarie has maintained its Neutral rating on Kansai Nerolac Paints with a target price of ₹220. The company has implemented 2-3% price hikes effective March 25, with Macquarie noting the potential for a second price increase in April. These pricing adjustments are aimed at offsetting near-term margin headwinds facing the paint manufacturer.

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Kansai Nerolac Paints has received a Neutral rating from Macquarie with a target price of ₹220, as the paint manufacturer implements strategic price adjustments to navigate current market challenges.

Price Hike Strategy

The company has implemented price increases of 2-3% effective from March 25. This pricing strategy represents Kansai Nerolac Paints' response to ongoing cost pressures and market dynamics affecting the paint industry.

Parameter Details
Rating Neutral
Target Price ₹220
Price Hike Percentage 2-3%
Effective Date March 25

Future Pricing Considerations

Macquarie has indicated that Kansai Nerolac Paints is considering a potential second price hike in April. This additional pricing adjustment would serve as a further measure to offset near-term margin headwinds that the company is currently facing.

Market Outlook

The brokerage's analysis suggests that these price hikes are necessary steps for the company to maintain its margin profile amid challenging market conditions. The sequential pricing strategy reflects a measured approach to balancing competitiveness with profitability requirements in the paint sector.

Historical Stock Returns for Kansai Nerolac Paints

1 Day5 Days1 Month6 Months1 Year5 Years
-1.03%-11.32%-16.82%-33.78%-29.34%-52.96%
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More News on Kansai Nerolac Paints

1 Year Returns:-29.34%