U.K. Paints (India) Private Limited has acquired 16.88 crore equity shares representing a 14.48% stake in Berger Paints India Limited through a scheme of amalgamation. The acquisition was completed on December 29, 2025, as part of a comprehensive corporate restructuring exercise involving multiple entities.

Transaction Details

The acquisition involved the transfer of shares from Jenson & Nicholson (Asia) Limited to U.K. Paints (India) Private Limited pursuant to a court-sanctioned amalgamation scheme:

Shareholding Impact

The transaction significantly enhanced U.K. Paints' ownership in Berger Paints, with the company's shareholding increasing substantially:

Amalgamation Structure

The acquisition forms part of a comprehensive scheme involving multiple Jersey-incorporated entities and an Indian company:

Regulatory Approvals

The scheme received necessary sanctions from competent authorities. The Jersey Financial Services Commission granted approval on October 24, 2024, while the National Company Law Tribunal, Bench-II at Chandigarh sanctioned the scheme on May 23, 2025.

The transaction falls under the exemption provided by Regulation 10(1)(a)(iii) of the SEBI Takeover Regulations, as U.K. Paints acquired the shares from its wholly-owned subsidiary. The company filed the required disclosure under Regulation 10(5) on December 20, 2025, and submitted the post-acquisition report under Regulation 10(6) on January 2, 2026.

Corporate Structure

Following the acquisition, there has been no change in the aggregate shareholding of the promoter and promoter group of Berger Paints. The transaction represents an internal reorganization within the promoter group structure, with U.K. Paints (India) Private Limited now holding a consolidated 64.57% stake in the paint manufacturer.

Berger Paints India Limited has announced that its Board of Directors will convene on February 5, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will also cover the nine-month period ended December 31, 2025.

Board Meeting Details

The company has scheduled the board meeting in accordance with regulatory requirements under SEBI guidelines. Key details of the upcoming board meeting are outlined below:

Regulatory Compliance and Communication

The announcement was made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Berger Paints India Limited formally communicated this information to multiple stock exchanges on January 2, 2026.

The company notified three major exchanges about the scheduled board meeting:

• BSE Limited (Scrip Code: 509480)
• National Stock Exchange of India Limited (Scrip Code: BERGEPAINT)
• The Calcutta Stock Exchange Ltd (Scrip Code: 12529)

Corporate Information

The notification was signed by Arunito Ganguly, Vice President & Company Secretary of Berger Paints India Limited. The company maintains its registered office at Berger House, 129, Park Street, Kolkata - 700017, while its corporate and head office is located at CF-4, Action Area-1, New Town, Rajarhat, East Kolkata, West Bengal - 700156.

Berger Paints India Limited operates under CIN L51434WB1923PLC004793 and has been a significant player in the paints and varnish sector. The company's upcoming financial results will provide insights into its performance during the third quarter of fiscal year 2026 and the cumulative nine-month period.