Sirca Paints India Shareholders Overwhelmingly Approve 20.11 Lakh Equity Share Issuance
Sirca Paints held an EGM on August 5, 2025, where shareholders overwhelmingly approved the issuance of 20,11,000 equity shares on a preferential basis to non-promoter persons. The meeting saw 70 shareholders representing 80.04% of the company's capital participate. The special resolution received 99.99% votes in favor. The EGM was conducted via video conferencing, with both remote e-voting and e-voting during the meeting. Pravesh Kumar & Associates acted as the scrutinizer for the voting process.
04Aug 25
Sirca Paints India Reports Impressive Q1 Performance with 45% Revenue Surge
Sirca Paints India has reported impressive Q1 financial results. Revenue increased by 45% year-over-year to Rs 11.40 billion. Net profit rose 37% to Rs 1.40 billion. EBITDA grew to Rs 2.25 billion, with the EBITDA margin expanding to 19.74%. The company's performance reflects strong market position, effective sales strategies, and improved operational efficiency.
02Aug 25
Sirca Paints India Reports 45% Revenue Growth and 39% Net Profit Increase in Q1
Sirca Paints India Limited announced strong Q1 financial results with revenue increasing 45% to ₹1,142.36 crore. Net profit rose 39% to ₹142.06 crore, while EBITDA grew to ₹225.00 crore with an improved margin of 19.74%. The company's total income reached ₹1,144.49 crore, and expenses were managed effectively at ₹952.58 crore. Profit before tax increased to ₹191.90 crore, and earnings per share stood at ₹2.59.
31Jul 25
Sirca Paints India Revises Preferential Allotment, Adds New Investor
Sirca Paints India Limited has announced changes to its preferential allotment of equity shares. New Spice Sales and Solution Limited has been removed from the allottee list, while Cellucom Retail India Private Limited has been added. The company still plans to issue up to 20,11,000 equity shares at ₹379.50 per share, aiming to raise approximately ₹76.31 crores from 67 non-promoter investors. Sirca S.P.A and N-3 Shares and Stock Vision Private Limited remain the largest allottees. A corrigendum to the EGM notice for August 5, 2025, will be issued to reflect these changes.
22May 25
SIRCA PAINTS INDIA Reports Strong Q4 Results with 13.6% Profit Growth
SIRCA PAINTS INDIA announced strong Q4 financial results with net profit rising 13.60% to ₹142.00 crore from ₹125.00 crore year-over-year. Revenue surged 21.10% to ₹1,000.00 crore from ₹826.00 crore in the same period last year. The company's performance indicates effective cost management, operational efficiency, and robust demand for its products.
24Mar 25
Sirca Paints India Expands with ₹815 Million Acquisition of Wembley Group's Business
Sirca Paints India has acquired the business undertaking of Wembley Group for ₹815 million (₹81.50 crore), excluding manufacturing facilities. This strategic move aims to enhance Sirca's market position in the Indian paint industry by potentially expanding its product portfolio and market reach. The focused acquisition approach targets Wembley's business operations, customer base, or intellectual property rather than production assets.
21Mar 25
Sirca Paints India Expands Portfolio with ₹81.5 Crore Acquisition of Wembley Group's Business
Sirca Paints India Limited (SPIL) has acquired the business undertaking of the Wembley Group for ₹81.50 crore on March 20, 2025. The acquisition includes sale and distribution operations, technical know-how, product formulations, intellectual property rights, customer and vendor relationships, and digital assets. Wembley Group's recent turnover was ₹68.72 crore as of February 28, 2025. This strategic move expands SPIL's product portfolio with thinners, wall paints, enamels, and specialized coatings. The acquisition aims to increase SPIL's market footprint, boost turnover, and potentially improve EBITDA margins.
20Mar 25
Sirca Paints India Expands Portfolio with ₹81.50 Crore Acquisition of Wembley Group Business
Sirca Paints India Limited has acquired the business undertaking of the Wembley Group for ₹81.50 crore. The deal includes sale and distribution operations, technical know-how, product formulations, intellectual property rights, customer and vendor relationships, and digital assets. While manufacturing facilities are not part of the acquisition, Sirca gains exclusive rights to use Wembley's IP for product sales. This strategic move is expected to expand Sirca's product range, strengthen its market position, and boost financial growth in India's paint and coatings sector.